2,600 new homes to be sold at 60% market value in Vancouver

The Heather Lands is a 8.5-hectare site located just west of Queen Elizabeth Park in Vancouver. Up to 2,600 new housing units planned for the Heather Lands in Vancouver will be sold at 60 per cent of market value, according to a joint announcement by the province, the city and the Musqueam, Squamish and Tsleil-Waututh First Nations.

"For too long, the idea of home ownership has been out of reach for way too many people — people who earn a decent income, who are priced out of the market and do not see any path to home ownership," said Premier David Eby, speaking at the project unveiling on Thursday.Examples of Heather Lands unit costs under the 60/40 financing arrangement, with unit prices to be determined at time of sale. Citizens or permanent residents of Canada.

Squamish Nation councillor and spokesperson Sxwíxwtn Wilson Williams said the Heather Lands project was conceived by the three First Nations.

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