Vacancy control prohibits excessive rent increases beyond current renters to include the unit itself. Without it, we would likely see the continuation of raging land price inflation.
This is an opinion story written by Patrick Condon who is the James Taylor chair in Landscape and Livable Environments at the University of British Columbia’s School of Architecture and Landscape Architecture.
Link to the story published Sept 13, 2022:
https://thetyee.ca/Opinion/2022/09/13/Vacancy-Control-As-Ballot-Issue/