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A third of Metro Vancouverites want to see more rental units in coming years: poll

(iStock Photo)

Despite dismal rental vacancy rates, about a fifth of Metro Vancouverites think we need to slow pace of rental building

Research Co. poll finds 77% of Metro Vancouverites would be in favour of banning foreigners from buying homes in Canada

METRO VANCOUVER (NEWS 1130) – With Metro Vancouver rental vacancy rate at dismal levels, a new poll has some surprising findings about how many more rental units people think we need.

Mario Canseco with Research Co. says about a third (34%) want to see more units built in the coming years, while about a quarter (25%) think we should keep building rentals at the same pace. About a fifth (19%) think we should build less.

“I think there’s definitely a situation where Generation X’ers and Baby Boomers are more concerned about the state of their neighbourhoods, in a way, than their desire to see more units built.”

The poll also suggests more than three quarters (77%) of Metro Vancouverites would be in favour of banning most foreigners from buying real estate in Canada.

“Having seen the legislation that was passed by New Zealand and how residents there are definitely comfortable with the new course of action, there are many Metro Vancouverites who believe that this is something Canada should consider, as well,” Canseco said.

He adds given many people have welcomed tigher rules around foreign ownership, “I think it’s normal to see residents essentially believing that if you find a way to ban foreigners from real estate, you could be in a situation where more locals can get access to the markets.”