Critics question whether B.C. fund to protect affordable rentals is being used wisely

by Kerry Gold

A Rental Protection Fund property at 3940 Pender St., Burnaby, B.C. The 41-unit building sold for $11.95-million, or $287,560 a unit.

Some property purchases funded by the province in the name of affordable housing have raised some eyebrows.

A new B.C. program that aims to protect existing affordable rental housing has been criticized by some commercial property brokers who say the property purchases made through the program are not the best use of taxpayer dollars. Others are critical of the location of the acquisitions.

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