Vancouver proposes 700% fee increase to change room from welfare rate to market rental
Lori Culbert, Vancouver Sun, July 2, 2015
Vancouver City Hall is proposing new rules that would ding private Downtown Eastside hotel owners with more than a 700-per-cent increase — to $125,000 from $15,000 — to remove a room from the area’s diminishing affordable housing stock. Read more…
In 2007, 60 per cent of private SRO rooms rented for $375 or less, compared to just 24 per cent today.
Photo Credit: Gerry Kahrmann Gerry Kahrmann
