Vancouver tackles housing crisis with 400 affordable units

The City of Vancouver is investing $50 million to build 400 affordable housing units at various locations in a bid to ease the city’s affordability crisis. Mayor Gregor Robertson said the city has secured development partners but will require additional funding from provincial and federal governments.

The units, ranging from single-room units to 3-bedroom homes will be built on 4 city-owned lots and offered to the rental market at affordable rates. With the vacancy rate near zero, the homes should provide a start for low-income families in the city.

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

Market update:

Investment Hot Spots:
Walkers Point, Brockway, Clayton, Cape Wolfe, Princeville

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address


Is a T.O foreign sales tax a good idea?