B.C’s rental protection fund a template for federal version
It started when housing researcher Steve Pomeroy released data showing that, for every new housing unit built, several more existing affordable units were being lost.
In Metro Vancouver, for example, for every new affordable apartment unit built, 10 existing affordable units are lost in the cycle of redevelopment, renovictions, conversions, rent increases, deferred maintenance, short-term rental and the other repercussions of a speculative property market.
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