Amendments to the Land Titles Act, 2015, have been introduced

Today, the Government of Yukon introduced the Act of 2024 to Amend the Land Titles Act, 2015  in the Yukon Legislative Assembly.

The proposed amendments to the Land Titles Act, 2015, will provide a legal framework for registration and enforcement of statutory covenants by the Government of Yukon to ensure that affordable housing developments remain affordable over the long term.

A statutory covenant is a legal agreement between the government and a developer or land purchaser to ensure that housing units remain affordable. Under the proposed amendments, a statutory covenant could include restrictions with respect to the use of land, forms of tenure, resale price, rental amount, buyers’ and tenants’ qualifications and other requirements aimed at keeping affordable housing units affordable over time.

Statutory covenants can help maintain the long-term affordability of housing units, supporting community stability by protecting vulnerable populations from rising housing costs.

This is one way that the Government of Yukon is addressing housing availability and the supply of affordable housing, as defined in the objectives of Creating Home, Yukon Housing Corporation Strategic Plan for 2023–24 to 2027–28.