Land values and condo prices constrain purpose-built rental units, say developers

Developers, including some who have been reaping the gains of skyrocketing pre-sale condo prices across Metro Vancouver, say more rental stock needs to be built.
City planners, the lenders who finance projects and, of course, would-be tenants all agree adding purpose-built, rental units can temper the housing crisis.
But escalating land values as well as conflicting and competing housing policies are conspiring to make this a challenge, according to a panel moderated by Cynthia Jagger of HQ Comm