Seeking Office Episode February 3, 2020
Does the New Upjohn Institute Study Apply to Vancouver?
5:30pm - 6:30pm
On January 24th, The Globe & Mail published a story highlighting a study done by Evan Mast of the Upjohn Institute. This study found that the addition of market-rate housing in low-income neighborhoods caused rent to go down in those neighborhoods. Local data analyst Jens Von Bergmann did a simplified version of this study and found that the results hold true in Vancouver. But UBC professor, Patrick Condon, disagrees with the premise of both studies.
In this episode, Condon explains why he takes issue with these studies and Von Bergmann unpacks his findings and what they mean for Vancouver.
**Correction: Condon argues development taxes, not property taxes should be raised.**