BC Rental Project - Sign our petition for more rental options in BC

When the pandemic ends and immigration returns, we will face a looming rental crisis caused by massive lack of new rental homes and a vacancy rate well below a healthy 3%.

Sign our petition for more rental options
in British Columbia

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Hello Sir or Madam, I am signing this petition and sending this message to the BC government and BC municipalities because token measures toward addressing chronic issues with rental housing supply are not working. As the pandemic ends and immigration returns, we will face a looming rental crisis caused by massive lack of new rental homes. Our vacancy rate had a short reprieve during Covid -19 but without more rental units being built, this rental crisis cannot be solved. We are asking that the BC government immediately implement policies that incentivize the creation of new rental housing and allow existing rental operators to efficiently manage and repair our existing and aging rental housing stock. These provincial actions should include PST and Property Tax rebates for the construction of new rentals, and exempting all development lands slated for housing from the increased School Tax and increased 5% PTT; all done with the urgent goal of achieving a sustainable target 3% vacancy rate. Municipalities need to prioritize and expedite rental housing development applications because we need more rental options today. Rental buildings also need a tax new sub class for property tax purposes so they can survive ever increasing property taxes. In the midst of the current housing crisis, rental options are critically important to the people of BC. Our government needs to stop policies that make the affordability of and access to rental housing worse and work to establish a robust set of incentives to urgently boost the building of more rental homes. Thank you,
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Not enough rental being built

	Proposed Units (buildings)	Approved Units (buildings)	Under Construction Units (buildings)	Completed Units (buildings)	Cancelled Units (buildings)
Suburbs	6,035 (45)	1,098 (13)	2,847 (20)	528 (3)	0 (0)
Vancouver	1,703 (32)	2,582 (37)	3,031 (30)	737 (8)	703 (2)
Total	7,738 (77)	3,680 (50)	5,878 (50)	1,265 (11)	703 (2)
	Projected occupancy 2020-2022	Projected occupancy 2019-2021	Projected occupancy 2018-2020	Occupancy 2018

Source: Goodman Report

BC’s Affordable Houses deficit: 111,037

Sign our petition for more rental options
in British Columbia

Average Greater Vancouver vacancy rate of rental apartments in 2018

Average age, and getting older, of purpose-built rental apartments

Total number of rental apartment buildings in Greater Vancouver

Over 40,000 people move to the Lower Mainland each year and only about 2,500 rental homes are built each year to accommodate all the new renters.

Not enough rental being built

*Average rate of monthly rent for one bedrooms in Greater Vancouver for 2018

BC’s Affordable Houses deficit: 111,037

Sign our petition for more rental options in British Columbia

Average Greater Vancouver vacancy rate of rental apartments in 2018

Average age, and getting older, of purpose-built rental apartments

Total number of rental apartment buildings in Greater Vancouver

Over 40,000 people move to the Lower Mainland each year and only about 2,500 rental homes are built each year to accommodate all the new renters.

Not enough rental being built

*Average rate of monthly rent for one bedrooms in Greater Vancouver for 2018

Sign our petition for more rental options
in British Columbia