Is rental-only zoning the answer to Vancouver's affordability crisis?
Photograph By DAN TOULGOEOn Thursday, the BC Non-Profit Housing Association will host a one-day Regional Education, Networking & Tradeshow (RENT) to bring together educators, decision-makers and leaders in the affordable housing sector.Taking place at the Radisson Hotel Vancouver Airport, RENT aims to help participants learn about the latest developments in housing policy, deepen professional knowledge and make valuable connections.
In Richmond, the vacancy rate for rental units is less than one per cent, according to the City of Richmond. Meanwhile, one-in-five B.C. renters spend more than 50 per cent of their income on housing and utilities, according to Statistics Canada.
Seeking to address this tight housing market, BCNPHA's event includes education sessions, a tour of local housing initiatives and social enterprises, networking and a tradeshow.
At lunch, a panel will discuss whether rental-only zoning could bring housing affordability to municipalities and what that legislation could look like. Panelists include community planners, financial advisors and a BC Housing representative.
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