Vancouver: A Desirable Vancouver: A Desirable City Globally, Vancouver is a highly desirable city...

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    02-Aug-2020
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Transcript of Vancouver: A Desirable Vancouver: A Desirable City Globally, Vancouver is a highly desirable city...

  • Vancouver: A Desirable City…

    Globally, Vancouver is a highly desirable city – green, clean, safe, with a robust economy and an array of recreational and cultural pursuits.

    The demand for housing in Vancouver has increased housing prices.

  • …With Limited Housing Options

    Incomes ranging from between $73,000 and $137,000 are now required to purchase a condo in the City.

    To purchase single family homes, even higher incomes are required.

  • Facing the Challenges

    The City recognizes affordability impacts the ability for the homeless and people with low-incomes as well as people with more moderate incomes to find a home in Vancouver.

    The Mayor’s Task Force on Housing Affordability is seeking innovative new ways to create more housing options for these residents with lower and moderate incomes — household incomes between $21,500 and $86,500.

    The City of Vancouver’s Housing and Homelessness Strategy will continue to seek solutions for ending homelessness and lower income residents who will not find housing in the housing market as well as secure rental housing and homeownership initiatives for more moderate incomes.

  • Facing the challenges: Ready, Set, Solve

    Prices increase

    faster than incomes

    1,500 more rental units every year

    Long-term rental

    security

    Affordable rental for

    lower income families

    Keeping pace with demand