Redeye

Real estate investment trusts (REITs) are large investment companies that own, and in most cases operate, rental apartment buildings. Housing activists say REITs result in the loss of affordable rental units and drive gentrification, in order to make the highest profit for their investors. On February 9, Vancouver city councillor Jean Swanson is bringing a motion to the council meeting that is designed to protect affordable rental housing in Vancouver. We talk with Sara Sagaii of the Vancouver Tenants Union.