VANCOUVER, B.C. – “What do condo rentals, laneway homes, basement suites, and purpose-built rental apartments in Vancouver have in common? Their utter scarcity, for one.
A sustainable solution to the current rental housing crisis involves an increase in supply in all of these areas. However, purpose-built rental housing serves our community in a specific way in which the other forms of housing do not. What many people don’t understand, is the difference between a condo development and a purpose-built rental project. As a result, community opposition to development generally, too often stalls or prevents creative rental housing solutions from materializing.”