Year-end figures show that Vancouver set a record for new laneway housing, with 357 permits issued in 2014. This follows 345 and 350 permits issued in 2013 and 2012. Vancouver also saw a strong surge of new rental housing, with 953 new units approved, following 1,104 in 2013. In 2008, there were zero units approved.
"With more than half our city renting and some of the lowest vacancy rates in Canada, new rental housing is meeting a crucial need for Vancouver residents," said Mayor Gregor Robertson. "The success of our laneway housing program is delivering modest-income rental housing for seniors and young families, and new rental apartments are springing up along transit routes, providing a more affordable option than condos.
"As a City, we need to keep focusing on creating new rental housing to address the major affordability challenge we face in Vancouver."
The City is now 2,303 units above its target for new rental housing approved by the end of 2014, as part of its 10-year Housing Plan. Vancouver provides 44% of the rental housing in all of Metro Vancouver, and 26% in all of British Columbia.