Property Monopoly

Walking in the streets of Vancouver,I find empty street front store every corner. Yet, the unit rent is incredibly high. From Gastown to Point Gray, triple net ranges from $55 to $80. No wonder a latte in Yaletown costs $6, I wonder how many cups be sold to recover the operating costs.

Funny as it appears, many empty stores stay empty for year. Financially, one would cut loss by renting the unit out at a lower rate. No sir, those income trust managers can afford to hold the rate high. There are plenty of innocent investors putting their savings into these trusts...

Across the nation, I can name a few property income trust holding a vast majority of property. Deal or not, their option not yours.