The City of Vancouver
wants to boost social housing, family homes near schools, and increase density of family-orientated units.
The plan would involve re-zoning across the city with those neighbourhoods near family-focused facilities requiring an increase of single-family units in new developments; currently, the figure is 25 per cent but that would rise to 35 per cent under the plan.
Half of all units in social housing developments would have to be for families. Figures show that 8,000 families in Vancouver
are currently living in one-bedroom properties or studios.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Baillie, Lesser Slave River No.124, Béthanie, Bala, Forrest
Proposals aimed at increasing affordability in the hot Vancouver housing market have been announced.