Opinion: While rental housing approvals surge, completions lag and, many fear, could soon get worse. And no one can live in an approval
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A City of Vancouver news release this year touted 2,956 purpose-built rental homes being approved for construction — “the highest approvals in several decades.” And a news release last year heralded “historic approval numbers.”
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While this is welcome, approvals are not the only statistic that matters. Figures from the city also show completions of rental homes lag far behind approvals.
And looking ahead, homebuilders,…
