Vancouver's rental vacancy is at an all time low and many measures are being taken to resolve the issue. Great news.
Here's another idea: A very high percentage of condo's throughout the City of Vancouver have set rental restrictions with either no rentals being allowed at all or a percentage cap on rentals within the building. Why doesn't the City of Vancouver offer a tax break or incentive for Owners to loosen their rental restrictions? This way, the Owners of the strata units or councils would then be motivated to vote towards allowing more rentals within their buildings = higher rental vacancy. #rentals #condos #strata #tax #cityofvancouver