Vancouver city council has approved new regulations for short-term rentals, addressing more than 6,000 illegal short-term rentals currently operating in the city.
At this year’s Union of B.C. Municipalities convention, delegates passed three resolutions to discourage speculation, flipping, commodity investment and other distortions to our housing markets.
At completion, The River District will bring up to 7,000 new units of housing online — the equivalent of Vancouver’s projected housing growth for one year. We just had to check it out and ask some questions.
We need to start reimagining how we tax the recent surge in housing wealth, especially compared to how we tax incomes, which have remained stagnant for many Canadians.