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Originally Posted by Vin
CoV can do what Burnaby is doing, and that is to have a compulsory minimum 20% portion of every project dedicated to lower-cost rental housing. But for Pete's sake, get rid of many of the other restrictions.
Older apartments also mean we have a lot of low-quality housing stock throughout the City, especially in East Van. May be cheap to rent but it feels like the Third World in so many parts of Vancouver today.
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That is what Vancouver is generally doing, behind the scenes, but without the mess of a Metrotown, thankfully. As well, this is what Vancouver essentially does in the West End and Downtown, to a degree. So the scope is increasing.
I agree that Vancouver has a large amount of not so great rental stock in East Van, or in general - the 50/60s walk-ups. Cheap to rent, yes, as in affordable while new stock comes on-line. Tearing them down and replacing them with unaffordable rentals while vacancy is at 1% is not the key. So you'll see items like what you're seeing in New West and Burnaby in the Broadway and City Plans. Stronger tenant relocation and rental replacement guidelines.
Not sure what "other restrictions" you're referring to for the Broadway Plan to make housing more affordable.