Location Location Location!
RENTING A CONDO may be cheaper than owning one, but it doesn’t mean that the rental unit is affordable.
This is a central argument in a new legal challenge against the City of Vancouver program that provides incentives to developers of market rentals.
Reblogged from The Georgia Straight
On February 3 this year, the West End Neighbours Residents Society filed an amended petition seeking a court declaration that Rental 100: Secured Market Housing Policy—and its now-expired predecessor, Short Term Incentives for Rental Housing, or STIR—violates the Vancouver Charter.
The two policies were introduced by the ruling Vision Vancouver party.
“They’re giving away too much to developers in return for not enough back to the public,” WEN director Randy Helten told the Georgia Straight by phone on February 18.
According to Helten, the case will be heard by the B.C. Supreme Court on April 9 and April 10 this year.
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