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Sunday, May 31, 2015

Vancouver approves rules to encourage three-bedroom rental units

The vote wasn’t unanimous, but the Vision-dominated council was able to pass the regulations that waive development cost levies – fees that go towards city services such as parks, recreation and childcare – for rental buildings that include three-bedroom units if builders promise to keep rents below certain levels and secure the units as rentals for 60 years or the life of the building.

Photo courtesy of TOURISM VANCOUVER

Photo courtesy of TOURISM RICHMOND

Photo courtesy of CITY OF BURNABY


Photo courtesy of CITY OF SURREY