January 18, 2018 (Vancouver, B.C.) – At the first public hearing of 2018, Vancouver City Council approved almost 200 units of new rental housing in Vancouver’s Fairview and Sunset neighbourhoods.
“Vancouver City Council is approving more rental homes than ever before to make sure renters can find a secure and affordable place to live,” said Mayor Gregor Robertson. “In a market with such a low vacancy rate, we need more rental housing and we need it across Vancouver. These new rental homes align with our new Housing Vancouver strategy – delivering the right kind of housing supply that is affordable for people who live and work in Vancouver.”
On Tuesday evening, City Council approved the rezoning of two buildings, 1296 West Broadway in Fairview, and 6679-6695 Main Street in the Punjabi Market neighbourhood.
The building at 1296 West Broadway will provide 153 units of secured market rental housing on the upper floors of a 16-storey mixed use building. 37% of the units are for families, with 27% two-bedroom units and 10% three-bedroom units.
A further 28 units of secured market rental housing at 6679-6675 Main Street (191 East 51st Avenue) will be established as part of a redeveloped six-storey mixed-use building. The rental housing will include a mix of studio (7 per cent), one-bedroom (46 per cent), two-bedroom (32 per cent) and three-bedroom units (14 per cent).
Together, these two buildings will contribute a total of 181 new secured market rental units. Find out more about the Housing Vancouver strategy: vancouver.ca/people-programs/housing-vancouver-strategy.aspx