The City’s 2013 Housing Report Card, released today and presented to Council next Tuesday, shows that Vancouver is far exceeding its rental housing targets as part of a ten-year housing strategy.
In 2011, the City set the target of 1,500 new rental units by the end of 2014. As of today, the City is at 2,839 new rental units: achieving 189% of its current target, and more than halfway to Vancouver’s target for 2021.
“The record levels of new rental housing being built in Vancouver are an example of how our City’s housing plan is on the right track,” said Mayor Gregor Robertson. “We need new rental housing to give young families, students and seniors an opportunity to live in Vancouver. The majority of our rental housing is ageing and in need of repair. New rental housing is crucial to easing the pressures of Vancouver’s rental market and giving people a quality home in our city.”