Vancouver Mayor-elect Kennedy Stewart has made some big, ambitious promises when it comes to housing construction in the expensive city.
"Vancouver’s incoming mayor has promised to tackle the city’s housing crisis by ensuring that 2,500 apartments are built annually for the next 10 years that will be rented below normal market rates," reports Frances Bula. Mayor-elect Stewart has also promised "another 6,000 homes a year will be built for renters and owners paying market rates."
According to Bula, Stewart faces some serious obstacles to achieving those goals, such as spiraling construction costs, changes to rent control policy, and a divided housing politics on the Vancouver City Council.
The article includes a lot more detail about both the politics and the economics challenging the pro-housing agenda of Vancouver's incoming mayor.
Read the full story: Stewart faces hurdles in path to increasing Vancouver’s affordable housing
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