Housing affordability is the top issue we hear about the most at City Hall, and is a top priority for Council.
Too many residents are struggling to find affordable homes. There's no single solution, but we’re focused on using every tool we can to create and protect affordable homes in Vancouver. Here are some of the actions we took at City Hall this year:
- Creating a new empty homes tax and examining how to regulate short-term rentals like Airbnb to make sure we’re putting our housing to its best use.
- Offering 20 sites to build 3,500 new homes for people on low and middle incomes, creating Vancouver’s first Community Land Trust, and pursing a modular housing pilot project for temporary homes.
- Approving record levels of new rental housing to address near-zero vacancy rates, and requiring all new buildings have at minimum 35% family homes.
- Approving the Grandview-Woodland Community Plan, putting affordable housing front and centre for the neighbourhood.
- Launching Vancouver’s first Affordable Home Ownership program, targeting middle-income households who live and work in Vancouver.
We have a big task ahead of us but we’re not backing down, and we’ll keep pursuing all tools available at City Hall to protect and build more affordable housing.