VCREP #55 | The City of Vancouver's Biggest Decision Ever, with Meg Cooney, Seamus Bailey and Liam Simpson
Vancouver Commercial Real Estate Podcast
The City Is Making These Promises, but It's Just Too Complicated
The city is making these promises, but it is causing strain on both sides. Farther vision, if i understand the plan, is dincentivising strata and pushing developers towards purpose build rental through the cost structure. In areas like that, where you walk around n a lot of a kind of three story walk ups from the sixties, it's not even possible to build market strata under the new plan. So in addition to the cost, their using other policies to definitely push therentel rather than the strata.
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