New housing data coming forward to City Council next week shows that the City of Vancouver is doing far more than any other city in the region to both protect and increase rental housing, and is a leader nationally in creating new rental housing.
“With our nonstop efforts to get new rental housing built, and now the creation of the Affordable Housing Endowment Fund, Vancouver is way out in front on delivering rental and non-market housing,” said Mayor Gregor Robertson. “We’re playing catch-up for many years where very little new affordable housing was built. The data shows our efforts are starting to pay off and validate the excellent work our staff have done to make Vancouver a leader on rental housing.”
The new housing data comes as part of a comprehensive Housing Vancouver Progress Report, which will be presented to City Council on Tuesday. Key findings include:
- The delivery of new rental housing in the city is at levels not seen in 40 years, during a time when there were far more senior government incentives to build rental;
- The delivery of new non-market housing is at levels not seen since the early 1980s;
- Roughly fifty per cent of all rental housing under construction in Metro Vancouver is within the City of Vancouver;
- Vancouver has increased the amount of rental housing at a level 4x greater than compared to the next closest municipality in Metro Vancouver.
Additionally, in comparison to other major cities in Canada, Vancouver leads the pack when it comes to rental housing. From 2013-2017, Vancouver has the highest amount of new rental housing constructed and completed compared to Toronto, Montreal, or Ottawa. Vancouver also has a far higher delivery of new rental housing per rental household of any major city.
The data report can be reviewed at http://council.vancouver.ca/20180619/documents/rr1a.pdf