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Development 101: What is Purpose-Built Rental and why is it Important?

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Development 101: What is Purpose-Built Rental and why is it Important?

August 23,2016 Katrina May 0 comments

2Bedroom_8

VANCOUVER, B.C. – “What do condo rentals, laneway homes, basement suites, and purpose-built rental apartments in Vancouver have in common? Their utter scarcity, for one.

A sustainable solution to the current rental housing crisis involves an increase in supply in all of these areas. However, purpose-built rental housing serves our community in a specific way in which the other forms of housing do not. What many people don’t understand, is the difference between a condo development and a purpose-built rental project. As a result, community opposition to development generally, too often stalls or prevents creative rental housing solutions from materializing.”

Read five important facts about purpose-built rental, authored by Hollyburn Properties Director David Sander, on Daily Hive here.

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