Vancouver: A Desirable Vancouver: A Desirable City Globally, Vancouver is a highly desirable city...
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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
faster than incomes
1,500 more rental units every year
Affordable rental for
lower income families
Keeping pace with demand