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Brian Palmquist's avatar

Linsea, thanks for your thoughtful comments. To Peter W's comment, one problem with these meetings is that any speaker (including those in favour) can throw out any stat or assertion and there is no opportunity to challenge it unless a councillor does. Frustrating!

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Brian Palmquist's avatar

Valerie, thanks for your comment. Noting you are referencing your experience in 2013, I need to point out that the full impact of Vision Vancouver and subsequent Councils was absent then. Rents do rise and fall historically, but have only risen in the past ten years. There is nothing in the Broadway Plan that will lead to falling rents. The "trickle down" theory of renting, i.e., when the wealthier rent new apartments, they leave their former homes for others and landlords rent them at lower rates, has been debunked by several studies and the only place studied that saw an increase in supply lead to some reduction in rent is Minneapolis, Minnesota. Period.

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