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Vancouver SRO owner rejects rent control, favours more housing supply

11 Aug 2023 · Western Investor

Greg Spafford of Forum Asset Management, which owns the Lotus Hotel at 455 Abbott St., said tying existing rents to units when a tenant moves out or is evicte will not solve Vancouver's housing crisis.

"What Vancouver needs overall is just more housing - any type, any level, they just need more and more supply to become a balanced market," said Spafford, who in Forum's managing director of real estate management and head of the Toronto firm's real estate income and impact fund.

 

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