• xmunk@sh.itjust.works
    6·
    4 months ago

    The best thing we could do with that money would be expanding skytrain coverage and increasing performance. Specifically skytrain/metro - not fucking light rail or b-lines.

  • BCsven
    51·
    4 months ago

    Hopefully there is a clause that the units don’t go to airbnb hosts, otherwise extra units meams nothing

    • The Dark Lord ☑️
      7·
      4 months ago

      New regulations should help starting May 1, 2024

      Only a homeowner’s principal residence plus one secondary suite or accessory dwelling unit will be available for vacation rentals shorter than 30 days, with maximum fines of up to $50,000 for non-compliance.

      It’s not a complete ban, but it bans mass AirBNB rentals.

  • BlameThePeacockEnglish
    4·
    4 months ago

    $2 billion, and they’re only hoping to finance 8000-10000 total units. You could build those in Victoria alone and still not have an impact on Victoria pricing, and this is for the whole province.

    The scale of this problem makes throwing money at it completely useless.