Quote:
Originally Posted by invisibleairwaves
I'm referring to razing virtually entire blocks of affordable rentals to make way for exclusively luxury market condos. And yeah it's not just politicians who want places for lower income folks in neigbourhoods with good transit and amenities.
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@invisibleairwaves. Are we not all aware that Burnaby has a 20% inclusionary rental policy? At least 20% of the units are below market rental (when taking down existing rental). There is also additional market rental density available on top which many are building. Also existing tenants are "accommodated" between displacement and construction completion. The tenants have first right of refusal to come back into the new build at their existing rents/affordable rents. Its never easy being displaced but its a pretty good compromise.
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