News

The sun will come up tomorrow — believe it

Goodman Report
January 9, 2019

Nature’s historic headwinds, which buffeted B.C.’s south coast in mid-December, were not the only blustery forces impacting our geographic area. Metro Vancouver’s extreme, well-publicized lack of affordable rental housing and difficulties in generating significant new rental options, combined with the increasing militancy of tenant groups aided and abetted by misinformed politicians, meant that equally powerful gusts of a political nature were being directed at rental housing providers. The local apartment industry, made up of developers of purpose-built rentals and owners of older buildings, is very much on edge, increasingly concerned about shrinking returns, an added cumbersome bureaucracy and a not-so-level playing field.

Read article