Comment 121628

By VivSaunders (registered) | Posted June 28, 2017 at 07:38:04

Very well thought out article on the impacts to a community! Curious as to whether anyone has calculated out the impacts this proposal will have on the Rental Housing vacancy rates? There was talk in 2015/2016 about increasing our threshold to 3% but I lost track whether it stayed at 2%. As well, in 2015 we put a 2 year hold on 2 BR rental to condo conversions because our 2 BR vacancy rate fell to 1.6% (below 2% threshold) in 2014. I believe this also applies to demolitions and would logically conclude this would apply here as well but article doesn't mention if the 2 BRs are impacted? . The 3 BR vacancy rate was 2.7% in 2014. Losing 21% of the 3BRs in this area would definitely have an impact on that "healthy" vacancy rate. Has anyone obtained current numbers and done the calculation to present to CoA?

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