Mayor and Council Approve 199 new Rental Homes

May 17, 2017 (Vancouver, BC) - Mayor Robertson and Council approved 219 new homes at last night’s public hearing as part of the City’s Housing Reset, under the City’s Rental 100 program and Affordable Housing Choices Rezoning Policy, respectively.

“The City is working tenaciously to approve and build new affordable housing as we reset our housing policy, so people who live and work in Vancouver can afford to stay here and put down roots,” says Mayor Gregor Robertson. “These new rental homes will give young people and growing families in East Vancouver and Oakridge more affordable housing options, and keep those neighbourhoods liveable and vibrant now and into the future.”

The three projects approved are:

  • 2153-2199 Kingsway (at Gladstone): 101 rental homes (38% for families) under the Rental 100 program, including:
    • 45 studios ($1,256/month); 18 one-bedrooms ($1,654/month); 31 two bedrooms ($2,079/month); and seven three bedrooms ($2,603/month).
  • 3304-3308 East 22nd Ave. (at Rupert): 98 rental homes (34% for families) under the Affordable Housing Choices Rezoning Policy, including:
    • 65 one bedroom ($1,476/month); 29 two bedroom ($2,080/month); and four three bedroom ($2,372/month).
  • 5469-5507 Willow Street (between 38th and 41st): three three-storey townhouse buildings to deliver 20 three-bedroom townhomes

The City’s Rental 100 Policy encourages new, 100% rental housing projects – secured for 60 years – in exchange for development incentives including Development Cost Levy waivers, relaxing parking requirements, smaller homes and additional density. Under the Affordable Housing Choices Rezoning Policy, the City encourages housing projects up to six storeys on arterial roads near transit and neighbourhood centres that offer 100% secured rental or are sold at below 20% market value.

Mayor Robertson and Council have taken a number of other steps to tackle Vancouver’s housing crisis, including:

  • Investing $80M in the 2017 Capital Plan for affordable housing - the most ever;
  • Approving a record number of new rental homes;
  • Bringing in Canada’s first Empty Homes Tax;
  • Regulating short-term rentals, like Airbnb;
  • Pursuing modular housing on city-owned sites;
  • Offering 20 sites of City-owned land worth $250 Million to senior governments to use for affordable housing;
  • Increasing family home requirements in new housing projects to 35%; and
  • Providing four City-owned sites to enable Vancouver’s first Community Land Trust.