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.
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Sainte-Martine, Pickle Lake, Black Point, Riverton, Upper Gagetown
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.