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Subsidizing new rentals could hurt us all

Subsidizing new rentals could hurt us all Open letter to Housing Minister Brad Cathers: The Yukon Residential Landlord Association and the Yukon Real Estate Association are against subsidizing new construction of residential units in the manner that the

Open letter to Housing Minister Brad Cathers:

The Yukon Residential Landlord Association and the Yukon Real Estate Association are against subsidizing new construction of residential units in the manner that the Yukon government is currently proposing - that subsidy being an outright grant of 50 per cent by the Yukon Housing Corp. to select developers of new residential rental accommodation.

As a longtime resident and an ex-realtor it seems to me that the territorial bureaucrats are not listening to the experienced opinion of these two well-informed associations whose very livelihood is dependent on being on the ball in assessing the market!

Better for you in the Yukon government to take a second look, rather than risk a major error for which we will all end up paying for in the years to come.

Michael Brine

Whitehorse