Finance Minister Carole James has imposed a surcharge on homes valued at more than $3 million, which will likely have a big effect on tenants renting houses owned by small-time landlords.
Land-value capture, rent freeze, and 50 percent below-market units in multi-family projects are just three of the new ideas being brought forward in the Vancouver election.
He also believes that there's a lot of support in the community for a project to redevelop the Kettle Society premises near the corner of Commercial Drive and Venables Street.
Anne McMullin says it can take five to seven years for a multifamily project to be approved in B.C.'s most populous municipality, whereas the city of Langley generally gives a green light within seven months.
