Mayor Robertson and Council made progress in adding more supply to the City’s rental market at last night’s public hearing, approving two new projects under the City’s Rental 100 policy that will add 200 new homes in East Vancouver. Combined, the new projects will provide 29 studios, 105 one-bedroom, and 66 new family homes.
Affordable Housing and Support for Renters
To increase housing options for Vancouver families, a report to Council next week will recommend new housing mix policies to increase the supply of family homes in new strata and rental buildings.
“Vancouver is growing and we need more housing built for families - historically the City didn't ensure enough was built to meet demand,” says Mayor Gregor Robertson. “This important policy will help make our neighbourhoods more family friendly and vibrant, and ensure that as Vancouver grows, families can find housing options that work for them.”
Unprecedented 0.6 per cent rental vacancy rate means only approximately 330 purpose built rental apartments available at any given time
A report coming to Council next week outlines the next steps for the City of Vancouver to implement a tax on empty homes, at a time when Vancouver faces unprecedented low rental vacancy (0.6%), and rapidly rising housing costs. The report recommends moving forward with an empty homes tax in partnership with the BC government, but the City is prepared to take action on its own in absence of provincial response.
Families and seniors in need of affordable housing will benefit from 358 new rental and co-op homes in Vancouver, thanks to an agreement between the City of Vancouver, the governments of Canada and British Columbia, and the co-op and non-profit housing sector.
A new modular housing project with 21 social housing units for women and women-led families was approved at last night's City Council Public Hearing. The project, located at 420 Hawks Avenue, will include seven micro dwellings and 14 two bedroom units built 'modular style', offering flexibility in design while providing high quality and efficient living space for families.