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LETTER: What’s affordable rent in Vancouver is not the same as in 91Ô­´´

The math on the rent formula for a downtown development doesn’t work for a local letter writer
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Artist’s impression of the six-storey rental development planned to replace the West Country hotel in 91Ô­´´ City on the 20200 block of 56th Avenue, as seen from the community park on Michaud Crescent (Pennyfarthing image)

Dear Editor,

Below market rent? Really?

As a long-term resident of 91Ô­´´ for over 40 years, on and off. I lived in Vancouver or a period of time and the main reason I moved back to 91Ô­´´ was due to the high cost of rent.

I was also angry and confused when I read about the new development to be built on the West Country property. What does below market maximum rent mean? This equals rent at $2,154 a month.

This is supposed to be affordable rent? For who? Certainly not people of low income or seniors.

• READ MORE: 91Ô­´´ City greenlights redevelopment of West Country hotel site on 56th Avenue

What makes me angry is the developer will get a large amount in tax benefits for these so-called 20 per cent of units offered at below market rates that low-income people still cannot afford.

Only people who are high income earners can afford to pay over $2,000 a month for rent.

This new development should not be ‘thumbs up’ all around.

People don’t need an expanded garden. We need an affordable place to live.

Brett Paul, 91Ô­´´ City

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