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The Globe and Mail: “Vancouver Rental Demand Booming but Supply Slow to Keep Up”

VANCOUVER – Key rental housing stakeholders in the City of Vancouver discuss the current state of the rental housing market:

“Other players in the scene are trying to encourage a moderate approach, saying cities should develop a way to encourage gradual redevelopment.

David Sander, a director of Hollyburn Properties, which owns thousands of units in the Lower Mainland, said those low-income tenants are going to be pushed out anyway as people clamour to get into existing rentals.

“We see affordability eroding anyways just due to lack of supply.”

Read the full article in the Globe and Mail here.

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