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Originally Posted by J.OT13
That sounds like a pretty terrible approach in Vancouver. Disappointing to hear.
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Keep in mind ssiguy has a massive chip on his shoulder.
Demovictions have largely been eradicated in Burnaby. New rules have been put in place and all rental housing must be replaced at a minimum 1:1 ratio.
Just look at the proposals that adhere to the new rules.
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A 35-storey condo building atop a six-storey rental apartment podium with 42 “affordable” rental apartments would replace a 42-unit, four-storey rental apartment building at 4960 Bennett St. (between Marlborough and Nelson avenues). According to BC Assessment, the property sold for $15 million in 2016 and was valued at $36 million as of July 2018.
A 37-storey tower with 332 condos and a six-storey rental apartment building would replace a three-storey low-rise apartment building at 6525 Telford Ave. All but one of the existing 54 apartments are already vacant, according to the city. The rental building includes the required 54 replacement apartments, plus 12 market rental units. The property was assessed at $51 million as of July 2018.
A 43-storey tower with 409 condos, 15 townhouses and a six-storey, 92-unit non-market rental building would replace a rental apartment building at 6444 Willingdon Ave. According to BC Assessment, the property is currently home to a four-storey, 72-unit apartment building and is valued at $51 million.
A 34-storey tower with both strata and rental apartments and a four-storey “affordable” rental building would replace a detached home and three apartment buildings with a total of 36 rental units on three adjacent Marlborough Avenue lots. The developer wants to build 218 condos and 47 market rental units in the mixed-tenure building and 41 non-market homes in the other.
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https://www.burnabynow.com/news/burn...ley-1.24011831
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