As anyone who has looked for rental housing in BC can
tell you – we have a rental housing shortage. It’s real and it
has serious repercussions, from homelessness to limiting
economic growth. But if demand is strong and rents are
increasing why aren’t more market rental projects breaking
ground? The simple answer is government policy, taxes,
and fees along with rising construction costs make them
difficult to build. In this report, UDI breaks down the data
that investors, banks, and developers use to make these
decisions including sample business cases. The Urban
Development Institute hopes that by providing a window
into these processes, policy makers will be better equipped
to help increase the rental housing supply across BC.