Uber vs Lyft in Vancouver: BC Government Introduces Ride-Hailing Legislation including

Uber vs Lyft in Vancouver: BC Government Introduces Ride-Hailing Legislation including

  • Business
January 25, 2019


B.C. government has revealed legislation for Vancouver's ride-hailing service, ie. Uber and Lyft. The proposal was a disappointing one. It is not the first time that B.C. government (NDP & Green Alliance) set strict legislation to haul disruptive idea that could benefit the city. Why can’t BC have what the rest of North America have? It is hurting us socially and economically.

A strong transportation system and real estate development are the backbone of any economy. They complement each other. As far as we know, two conditions must be met for ride-hailing service to begin and become a driver for these services:

  • To be an Uber or Lyft driver requires a class 4 commercial driver license.
  • ICBC Need to figure out a new insurance policy for commercial use of personal vehicle.

To get a class 4 commercial driver license, the driver needs to go through a rigorous process similar to getting a class 5 license. Firstly, the drive needs a minimum of two years driving experience, submit a driving record from each Jurisdiction and fewer than four offenses in penalty points,

If you are qualified, then you need to pass a knowledge test in a year’s time. you still need to take the road test for a full class 4 license on top of class 5 and 7. Upon passing the test AND passing a medical exam, you will be able to become a ride-hailing service driver.

The barrier to becoming a ride-hailing service driver, Uber, and Lyft, is too much. Not only does it delay the implementation of ride-hailing services, but the majority of drivers who qualifies to be Uber and Lyft on the first days are also taxi drivers, which contradicts with the purposes of ride-hailing services. ICBC insurance is another issue brought up from the ride-hailing services being the sole provider for motor vehicle insurance. In other provinces, to be a uber driver, you just need to meet vehicle requirement and purchased additional insurance.

Ride-hailing services are crucial to the wellbeing of a city because it is a form of transportation. Transportation manages the flow people and time. It is especially important for Vancouver because we live in a tourism city. We hope the B.C government would reduce the minimum requirement for ride-hailing services as it has been proven beneficial in many other cities. The existing entry barrier is too rigorous for drivers to bear requiring additional cost and time to be in the market. Protecting public safety isn’t a good reason to implement a strict entry barrier that would delay ride-hailing services for an additional year and potentially more.

Reference

Vancouver Sun
Dailyhive

Yoyoe Lu

Founder and managing principal
yoyoe@claridgeadvisors.com

Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

Ashley Osborn

Development Site and Investment Specialist
ashley@claridgeadvisors.com

Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

Patricia Wong Chong

Investment and Leasing Specialist
patricia@claridgeadvisors.com

Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

Schumann Li

Land Assembly & Residential Specialist
schumann@claridgeadvisors.com

Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

Wendy Kaip

Sales Associate
wendy@claridgeadvisors.com

Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

Simon Chan

Managing Broker
simon@claridgeadvisors.com

Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

Frank Zhou

Analyst
frank@claridgeadvisors.com

As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.

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