Letter: Money talks and renters are hurt in Coquitlam

Photo from Tri-City News

Letter to Tri-City News by Felix Thijssen, Coquitlam

The Editor,

It seems Bonita Zarrillo is the only city councillor in Coquitlam who has not yet sold out to the breakneck redevelopment of 50-year-old affordable rental complexes. The cost to the human beings living there is of little concern.

Let’s start with deceptive numbers: Yes, 98 existing units will be replaced by 135 new ones, but only 20 of these are “below market” — i.e., affordable. Currently, all 98 are. This proportion holds for all projects in Coquitlam, meaning a huge net loss for affordability.

Read full letter at https://www.tricitynews.com/opinion/letters/letter-money-talks-and-renters-are-hurt-in-coquitlam-1.24022997