Rental housing – unlocking the housing puzzle

In February we are revisiting housing with a focus on rental. 

 

The panelists:

• Jill Atkey, CEO of BC Non-Profit Housing Association
• Jon Stovell, President & CEO of Reliance Properties
• Wendy Waters, VP of Research Services & Strategy, GWL Realty Advisors
• Michael Epp, Director of Housing Planning and Development, Metro Vancouver

Rentals plays a key role in ensuring sufficient and affordable housing, and yet few purpose-built rental units are being developed in BC today, while populations continue to grow. The result? Rents are sky-rocketing, and more people are struggling to put a roof over their heads. 

 

Demand for rental housing will only get more pronounced in coming years, with Metro Vancouver forecast to add about a million residents by 2050, growing from about 2.6 million people today to 3.6 million. 

 

Premier David Eby created a new stand-alone Housing ministry in his recent cabinet shuffle, and just last week announced a half-billion dollar fund to purchase older, existing rental building for non-profits so they won’t be sold to private companies and redeveloped. Will those moves result in more rental housing becoming available? Why aren’t private developers building more rental housing, or non-profits? Are provincial regulations or municipal roadblocks getting in the way? What about SROs?

 

We have pulled together a panel of people who have spent their working lives in housing, rental in particular, and will dive deep into the causes of this challenge – and its solutions. 

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