It is no news that it is difficult to find an affordable place to rent in Vancouver, and that has been further exacerbated as the housing market has become more and more expensive. This article says what we all know- we need to find a new way to provide affordable rental accommodation for all Vancouverites at all life stages.
As Global News reports Real estate developer Bob Rennie says “we’re not going to solve problems, unless we deal with new models. The old models aren’t working.” Rennie wants the city to create rental-only zones around major transit hubs. Land in those zones would be worth half that of other condo properties, allowing builders to charge lower rent.”
So think of it-a way to increase rental stock would be for consolidated areas around transit stations and hubs to be available at lower cost to developers who would then be required to…
View original post 118 more words