Wasn't there a bunch of controversy recently at insane rent prices at new buildings in Vancouver that had benefited from government money? I know this isn't subsidized, but they did get financing or something similar.
https://www.cbc.ca/news/canada/british-columbia/senakw-rental-prices-backlash-9.7248096
Surely $10K is an exaggeration? I know there are some folks in the region with a high income or existing wealth, but that is extreme. I'd want half the floor for that price.
Even once the second building is complete, there will still be more construction on the other two over the coming years. It could be the mid 2030s before things calm down.
Threaded Mode