B.C. – and the Lower Mainland especially – has a rental housing shortage.
With less than a 1% rental vacancy rate in Metro Vancouver and other urban areas across the province, something needs to be done. In the 2017 election campaign, the NDP government made some big promises around increasing rental housing. And now they are considering New York City-style rent controls, a move the Urban Development Institute says would put 12,631 new rental units at risk of cancellation.
Anne McMullin is the President and CEO of the Urban Development Institute and is speaking out on the danger of government pushing private rental developers out of the market.
Anne joined Rick in studio.
Rick Cluff is an award-winning journalist who hosted the popular CBC Radio Vancouver morning program “The Early Edition” from 1997 until his retirement in April of 2018.
He has conducted more than 50,000 interviews and asked more than half a million questions, of prime ministers, premiers, presidents and some of the world’s biggest sports and entertainment personalities.