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Letter: Tax empty or barely-used homes on the Coast

'The rental housing situation is especially dire for young workers, whose wages have barely risen in decades while housing prices soared. They are forced to live with their parents well into their adulthood, which is hard on them and their folks.'
unemployed-renters-can-now-get-a-b-c-rent-supplement-through-bc-housing
"One thing the Coast could do for rental housing availability is to increase the rental stock by passing a serious tax on empty or barely-used homes, and forbidding stratas to restrict rentals or age groups."

Editor:

The rental housing situation is especially dire for young workers, whose wages have barely risen in decades while housing prices soared. They are forced to live with their parents well into their adulthood, which is hard on them and their folks.

One thing the Coast could do for rental housing availability is to increase the rental stock by passing a serious tax on empty or barely-used homes, and forbidding stratas to restrict rentals or age groups. A lot of stratas here are 55+ and allow very few rentals. I couldn’t even find an apartment to buy and rent to my young-adult daughter, even before the pandemic when I could still have afforded to buy her a one-bedroom apartment. Nobody in our local governments seems to have considered these ideas.

We would be sad to lose Lori Pratt as our SCRD representative.

Lise Kreps
Halfmoon Bay