Some smaller retailers are packing up and leaving Vancouveras rents rise and some owners would prefer to leave retail units empty:
We may be running out of land, but apparently the old expo lands aren’t. The city has had tentative rights to 6 vacant lots intended for affordable housing for almost 3 decades:
Veteran architect and planner Michael Geller said it is “outrageous” that these sites haven’t been developed, but he believes talks could now be rekindled — even if the levels of government come up with a different plan for who might live in these future buildings, such as a mix of social, low-income, rental and affordable ownership. Some type of solution is required, he argued, if people are going to believe the affordable housing promises made for future developments in the city.
“When Northeast False Creek came up, I did say: Look, it’s great to promise all this affordable housing, but let’s not forget we still have these six sites undeveloped in the north shore of False Creek,’” said Geller, who was involved in the Coal Harbour development at the time.
Read the full article here.
It’s kind of fabulous how easy it is these to days to rent out your spare homes as a vacation home with an online listing. And it’s easy to find a vacation home for a short term stay as well, all you need is a credit card… or your parents credit card.
Police say they were called around 8:30 Friday night to a home on Ottawa Avenue near 24th Street and saw 200 teens flooding out of the house.
Palmer says damage is now estimated at approximately $20,000.
“Walls were kicked in, furniture was smashed, artwork was smashed, furniture was tossed off the balcony into a hot tub,” he says.
The family has agreed to pay for the damage and no criminal charges will be pursued by the owner of the rental home.
Full article here.
The word ‘Affordable’ is subjective, what seems like a good deal to some is outrageous to others.
So to clear up the debate the city has put some numbers to the word ‘affordable’ in their guidelines for rentals built under a city incentive program:
$1750 for a 1 bedroom apartment
$2505 for a 2 bedroom apartment
Does that match up with your expectations for the term affordable?