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