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B.C. rental housing plan includes 670 below-market rental units in Metro Vancouver

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Phase 2 projects of homebuilding partnership are planned for locations in North Vancouver, the City of Vancouver and two locations in Coquitlam, with the province providing $226-million

The second phase of a homebuilding partnership between the province, Metro Vancouver and non-profit housing providers will deliver up to 670 below-market rental units in four separate urban areas, Premier David Eby said Thursday.

Eby and Housing Minister Ravi Kahlon announced the details of the housing plans at a construction site for one of the proposed developments on Vancouver’s Westside. “Our government’s commitment around housing is to do everything possible to address the housing crisis,” said Eby, adding the pledge involves “every imaginable avenue that we can take to make sure that people have the ability to build a decent life in our province.”

Eby said the government has also committed to fund a third phase of affordable rental housing units starting in 2028, but the sites have yet to be confirmed.

 

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