Vancouver, which has a median yearly household income of about $72,000, struggles to meet its own targets for rental housing production for middle-income families.
Pretty much everyone agrees that Vancouver needs more rental housing. But there remains a lively debate over the most effective — and fair — way to get those homes built.
Vancouver, which has a median yearly household income of about $72,000, struggles to meet its targets for rental housing for middle-income families. Much more rental housing was built in Vancouver in the second half of the decade that previous mayor Gregor Robertson and his Vision Vancouver party were in power compared with their first five years. City stats show between 2008 and 2012, Vancouver averaged only 515 rental housing unit starts each year. Between 2013 and 2017, the city averaged 1,562 rental housing starts a year.
LandlordBC has recently completed a policy paper that will be sent to the provincial Housing Ministry and made public later this week. “The exemption would be guaranteed for a minimum of 20 years,” the report says. “More secure market rental housing supply is the real solution to stabilizing rents, not rent control.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dan Fumano: A $75-billion snapshot of foreign-owned Vancouver real estate“This is like a Polaroid image … As we see the image emerge, are we going to like what comes out of it?”
Read more »
Famed Nova Scotia treasure hunter Dan Blankenship did it his way, reverend tells funeralRoughly 120 people packed a small wood-panelled church in the coastal community of Martins Point for the funeral of Dan Blankenship
Read more »
U.S. FAA says oversight needs to evolve after Boeing crashesActing FAA Administrator Dan Elwell will tell a Senate Commerce subcommittee the airlplane will return to service only when its appropriate
Read more »
Weegar on Byron: 'I hate seeing what happened' - TSN.caFlorida Panthers defenceman MacKenzie Weegar said in a text to TSN's Dan Robertson he hates seeing what happened to injured Canadiens forward Paul Byron and hopes he's back on the ice soon.
Read more »
Metro Vancouver drivers set to pay record high gas prices“I wouldn’t be surprised to see $1.65 (a litre) between now and the May long weekend (Victoria Day 18-20),” said gas analyst Dan McTeague.
Read more »
'Gas bar shenanigans': When is the best day to buy gas?Canadians filling up at the pumps in several provinces are seeing increases of up to 13 cents per litre at the pump as the federal government’s carbon tax goes into effect, but GasBuddy.com senior petroleum analyst Dan McTeague says the increase is ‘looking a lot bigger than it really is’ as Monday is typically a day for ‘gas bar shenanigans.’
Read more »