Inflation, rising interest rates create caution across Metro Vancouver’s housing market VANCOUVER, BC –…
The Courier, Business in Vancouver and Vancouver is Awesome co-hosted the first mayoral debate of the election campaign Monday night. Here’s a summary of what six of the candidates had to say on housing issues. (Due to the format of the debate, all of the candidates were not asked the same questions.)
When asked about what they would do to help renters in the city, YES Vancouver’s Hector Bremner said that his new party would implement a three-year action to approve 50,000 to 70,000 more rental units for “those that need it” and aim to “prioritize and cut the red tape” and cut the community amenity contributions that, he said, have triggered many rentals to be turned into condos.
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Independent candidate Kennedy Stewart said he would commit to creating 85,000 new units in the city over the next 10 years, 50,000 of which would rentals with 25,000 units at non-market rental rates. He also said that in the meantime he would bring in a renters’ advocate.
“We’ve got to look after current renters,” he said.