Investors buy SRO buildings as City of Vancouver calls on Province to discourage speculation

Credit to Author: Joanne Lee-Young| Date: Fri, 31 Jan 2020 02:04:45 +0000

Single room occupancy hotel buildings have long been “cash-cow” investments, providing a steady return of income for owners, but with land elsewhere in Vancouver more scarce and expensive, some are eyeing to develop these buildings, but also ask for more lucrative rents.

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