Adrian Crook

Adrian Crook3 weeks ago

The latest BC Rental Project video just came out yesterday.

Timely because the most recent Vancouver Council decision to shift the tax burden from commercial to residential further harms the viability of purpose built rental in our city (as it's taxed as residential).

Tell our politicians to approve far more rental housing, so your landlord has to compete for tenants - not the other way around.

BC Rental Project

Without new rental buildings being built at high volume the price of all old rental units will continue to rise. When a new building is finished, it relieves price pressure on older rental housing like the ones most of us live in. So why are older rental buildings still expensive? Blame our city's abysmal .9% rental vacancy rate. A healthy Vacancy rate should be 3-5% - we need way more rentals here to fix that. We need landlords competing for us to live in their building, not the other way around. The more new rental homes we build, the more competition landlords have and the less they can increase rent. Every rental home we delay just raises our rents today and denies us affordable rentals tomorrow. Let’s start thinking long term and create a rental vacancy rate that empowers tenants. Sign our petition today: https://bcrentalproject.ca/

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