One-bedroom apartment listings in Vancouver now firmly stand at $2,000 a month

“The biggest issue is what, as a city, we can do for renters,” said Pete Fry...

“When I say, ‘increase supply’, I know it immediately triggers that Vision Vancouver, NPA kind-of rhetoric,” he said. Fry clarified he’s not arguing in favour of a blank cheque for condo developers to build anything they want.

“What we need to do is actually slow the kind of supply that we don’t need and really incentivising the kind of supply that we do need,” he explained. “That is a power that we have at the city level, through the approval and rejection of discretionary rezonings and that sort of thing.”

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