This is the fourth year in a row the City has approved more than 1,000 new rental units, compared to zero in 2008.
Affordable Housing and Support for Renters
Today City Council approved Vancouver’s 2016 Budget. This balanced budget will keep taxes and fees low while making investments in priority areas such as affordable housing, transportation, and infrastructure.
“The City of Vancouver plays a strong role in supporting our city’s economic leadership and enhancing the livability and quality of life for our residents,” said Mayor Gregor Robertson. “Vancouver is keeping taxes low while investing in priorities like affordable housing, community services and better service delivery.”
Yesterday, Vancouver City Council approved new policies to strengthen protection for Vancouver renters. The new Tenant Relocation and Protection Policy ensures that Vancouver provides the strongest protections for renters in British Columbia.
“The new Tenant Relocation and Protection Policy is another step that Council is taking to support Vancouver renters,” said Mayor Gregor Robertson. “We’re doing what we can to support tenants in a tough rental market, and we will continue to advocate to the provincial government for changes to the Residential Tenancy Act.”
At last night’s public hearing City Council approved applications for two new projects that together will provide 293 new units of housing, including 67 rental units. One of the projects, located at Main St and 2nd Ave, will contain 4,000 sq. ft. of artist studio space for Vancouver’s arts and culture community.
Mayor Gregor Robertson is urging Vancouver City Council to support new recommendations from the City’s Renters’ Advisory Committee that identify provincial changes needed to better protect renters.
“I want to thank the City’s Renters’ Advisory Committee for their extensive, thoughtful research into the changes necessary to better protect Vancouver renters,” said Mayor Robertson. “With more than half of Vancouver households renting and vacancy rates at record lows, it can be extremely challenging for Vancouver renters out there.
At last Tuesday evening’s public hearing City Council approved applications for new market rental housing developments on Galt St near Kingsway and Nanaimo, and on West Broadway at Balaclava St. Together, these projects will add 98 new rental units to Vancouver’s housing stock, with over half of the units designed for families.