“It’s definitely worth the fight,” Vancouver Mayor Kennedy Stewart said Thursday. “I can’t imagine losing 3,000, 3,500 low-income units in the city.”Sign up to receive daily headline news from the Vancouver Sun, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
The city passed the bylaws after a report found that the single-room accommodations play an important role in the city’s low-income housing stock and act as the housing of last resort before homelessness for many marginalized residents.Article content One of the petitioners, only identified as 073 Ltd., owns and manages a single-room building in Gastown that contains 60 “micro-suites” with small, high-end, self-contained living spaces and rents generally from $800 to $1,200 a month.Article content
He said that some companies are buying-up single-room-occupancy hotels and, once a tenant leaves and the room becomes vacant, they’re increasing the rent, putting many people at risk of losing their housing.
“Rent control maybe the worst example of poor planning by governments lacking courage and vision” Swedish economist and socialist Assar Lindbeck asserted“In many cases rent control appears to be the most efficient technique presently known to destroy a city-except for bombing.”
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