Vancouver housing report shows progress on social housing, lag on low-cost rentals GlobeBC
In the second year of a new Vancouver housing strategy that focused on supply geared to different income levels, a total of 15,400 units of housing were approved in 2017 and 2018. Two-thirds of them were only affordable to households with more than $80,000 a year, data released by the city show.
The numbers were released as part of the city’s efforts to grapple with housing problems that have affected almost every demographic group in Vancouver. City staff had set a target of 320 units a year for renters in the $15,000 to $30,000 range when the housing strategy was developed. The report did not provide much information on the effects of various efforts to limit speculation or encourage people to rent out their vacation homes.
“I’m worried about panic-using a new power,” said the mayor. “I don’t think just dropping it in a haphazard way is useful.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vancouver housing sales tumble to 33-year lowMarch sales in the region for various housing types were the lowest for the month since 1986
Read more »
How to get rid of ants from your Metro Vancouver houseEvery spring in Metro Vancouver, around this time of year, the six-legged scavengers invade our homes.
Read more »
Dan Fumano: Vancouver hits housing targets for bottom and top, missing the middleWhile home ownership may have long been out of reach for many Vancouverites, the city struggles to produce enough rental homes that are affordable even for households earning median incomes.
Read more »
Priced low and ‘as is,’ house gets 30 bidsIn Toronto, rundown semi-detached houses are in high demand
Read more »
Cathay buys HK Express, will operate it as low-cost carrierThe operator of Cathay Pacific Airways is acquiring budget regional carrier HK Express, which it will continue to operate as a low-cost carrier.
Read more »
Metro Vancouver home sales in March hit three-decade lowThe composite benchmark price for all residential properties in Metro Vancouver dropped by 7.7 per cent year over year to $1,011,200.
Read more »
Metro Vancouver home sales in March hit three-decade low: REBGVThe composite benchmark price for all residential properties in Metro Vancouver dropped by 7.7 per cent year over year to $1,011,200.
Read more »