Port Coquitlam Mayor Greg Moore headed a UBCM housing committee that recommended the province give municipalities rental-only zoning powers.

“I’m glad they listened to us,” said Moore, who is also chair of Metro Vancouver. “Conceptually, a rental-only zone will provide certainty to a local property.”

Moore said the marketplace will now know if a property will be required to be rental, or at least match the number of rentals that were on the site before.

He told The Tri-City News the need for rental-only zoning surfaced recently because the cost of home ownership has gone so high that it had put a strain on the rental market.

 

http://www.tricitynews.com/news/rental-rules-will-help-cities-tri-city-mayors-1.23280416

 

 

Giving municipalities the power to create more rental-only housing sounds like a great idea, especially in Metro Vancouver where vacancy rates are so low.

But what if the move backfires and actually creates fewer housing opportunities for people, not more?

That’s the warning from Vancouver developers, who worry about properties being “down-zoned” under new powers proposed by the provincial government.

Mike Smyth: Rental-only sounds great, but what if it backfires?

Giving municipalities the power to create more rental-only housing sounds like a great idea, especially in Metro Vancouver where vacancy rates are so low. But what if the move backfires and actually creates fewer housing opportunities for people, not more? That’s the warning from Vancouver developers, who worry about properties being “down-zoned” under new powers proposed by the provincial government.

Are there enough tradespeople to build any of these homes?

Construction labour shortage a massive barrier to B.C.’s new housing: experts

Even with good intentions, appropriate funding and expedited permitting processes, there simply aren’t enough construction tradespeople to build all the homes required to meet B.C.’s housing targets, according to a group of industry experts.