If you are among the more than half of Vancouverites who rent their homes, having to fork over a hefty chunk of your income to a landlord every month might elicit groans or even disdain as prices climb.
Downtown Vancouver may have the equivalent of nearly two-dozen 30-storey condominium towers sitting empty, serving as merely oversized “safety deposit boxes” for the wealthy, according to researchers. But blaming the city’s severe housing prices on absentee foreign investors could just be “this decade’s version of the Yellow Peril,” a UBC business professor has warned.
Vancouver event unites advocates, developers, architects, politicians and more.
Vancouver’s housing crisis worsened in the Downtown Eastside in the past year, according to a report released yesterday by an activist housing group, with fewer and fewer Single Resident Occupancy (SROS) rentals within reach of many residents’ budgets.