Quote:
Originally Posted by misher
Yes I understand that I meant there backing out of the DCL Waiver. And the point stands that its a bad sign. It means market rents are much higher than the rents the city is requiring which means more developers may back out and likely implies that rents in Vancouver are rising faster than planned.
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What are the planned rises in rents? Who is planning them?
One recent report noted "Landlords in Vancouver have started to do some major incentivizing in order to rent out their properties — like providing first month’s rent for free, offering to cover renters’ moving costs, and reducing security deposits required for pet owners."
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