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Originally Posted by The Producer
we talked about this a couple of pages ago
this affects us - we live in a 90% non rental building (strata laws did allow for 10% of ~80 units to be rented on a 5ish year waitlist)
I still can't really figure out what this has to do with helping the housing market. Our building is 100% occupied - this really doesn't put any more units into the market.
Even if I rent out my unit - I have to live somewhere. What's the difference?
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The policy doesn't do anything dramatic in terms of actual units but it will help a bit - people who have moved in with their partners who couldn't rent out (or who want to), people who have relocated and don't want to sell, people who can't actually afford the place anymore for some reason etc. It's all stuff on the margins right now but it still helps.
I'm surprised Eby didn't roll out all of his proposed housing policies in one go - the stuff about legal secondary suites and 3 units on a single lot. He must have gotten a tonne of pushback on it and needs to refine it. Even those two policies are pretty small changes - legal secondary suites are hard to create in older houses and who the heck wants to put the work in to legalise a suite (mine is not legal but otherwise meets almost every standard to be legal)?