The rents for newly renovated studio units at the Lotus Hotel had been publicly listed for $1,995 a month for some time, but it took a viral TikTok video to spark a larger conversation about the property — and the state of renting in Vancouver's Downtown Eastside.
The Lotus Hotel is pictured in Vancouver on Wednesday.
"It's disheartening to see this happening to some of the most affordable housing stock in the city," said Vancouver councillor Pete Fry. The company behind the video deleted it from its social media channels after it went viral, and declined to speak on the record when asked by CBC News.has historically housed thousandsBut over the years, private operators have raised the rents at many of the properties they own, which often include renovations.
Multiple tenants of the Lotus confirmed they've been given offers of $15,000 to vacate their units so that renovations can happen.
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