More than 50% of new rental and social housing approved in the past decade was done in the last two years alone, according to City of Vancouver data that demonstrates an affordable housing surge in Vancouver.
According to year-to-date data through July 2014, 67% of all rental housing approved since 2003, and 55% of all social housing approved since 2003, has taken place since 2012.
“We’re seeing record levels of new rental and social housing being built in Vancouver, which is crucial for building a future where our city is more inclusive and prosperous,” said Mayor Gregor Robertson. “We’re seeing new housing built that meets the needs of people who live and work in our city. Our housing plan and programs are working and the shovels in the ground prove it.”