LandlordBC, BC Housing, and Chard Development are hosting an informative educational event for Metro Vancouver mayoral and council candidates on September 20, 2022, to discuss the Vancouver rental housing shortage. The event will provide insight into the opportunities and challenges facing the city’s purpose-built rental housing sector, with a deep dive into the process—from early stages of land acquisition, through project design and construction. Emphasis will be on financial considerations and the critical role municipalities and their political leaders play in getting new rental housing built. This event is only open to declared mayoral or council candidates running in the upcoming October 15 election.
“Elected municipal representatives have many responsibilities, but the choices they make on land-use and housing development are perhaps the most impactful and longest lasting decisions for the entire community,” wrote David Hutniak, CEO at LandlordBC. “This is especially true in municipalities with very low vacancy rates and a high demand for new purpose-built rental housing, such as in Metro Vancouver. Despite that, some community members and groups are determined to maintain the status quo and hinder construction of much needed new homes for our growing population, even when it results in serious negative consequences for renters today and tomorrow.”
According to LandlordBC website, elected councillors can help solve the Vancouver rental housing crisis by proactively creating municipal plans that incentivize building purpose-built rentals and voting on land-use policies and zoning bylaws that promote growth and development. “Elected local representatives therefore need to understand the basics of the development process, including financial considerations, in order to make educated decisions when voting on new rental developments and approving zoning changes,” the website states.
For more information on the Vancouver rental housing crisis and the upcoming municipal election, visit www.landlordbc.ca/election
