BC Local News reported on how companies make their hiring pitch more attractive, through substantial housing subsidies and other solutions.
Michael White, UBC’s associate vice president of campus and community planning, weighed in on the university’s solutions to assist prospective employees.
White said more than 75 faculty have applied for the second mortgage home ownership program and 500 one-, two- and three-bedroom condos have been built on campus for faculty and staff at 25 per cent below market rental rates. There are 200 more of these restricted rental units under construction.
“We are looking at ideas for addressing affordability and we continue to do so,” he said. The question isn’t just about what the university is doing, but how quickly it is acting in the face of the quickly-evolving real estate market.
