Vancouver housing report shows progress on social housing, lag on low-cost rentals

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.”

GlobeBC NO WORRIES THERE WILL PLANTY OF ROOM FOR EVERYONE UNDER WATER. WHEN UR PROVINCE IS CUT IN HALF. ITS JUST THAT CANADIANS R JUST TO STUPID TO HEAR THE WARNING. U 1 BRAIN ANIMALS WILL BE GATHERED TO THE WORLD OF DARKNESS 4EVER U CAN SEEK THE LIGHT OF THE CREATOR THAT SENT U THERE.

GlobeBC Reduce red tape and regulations that reduce supply, then get out of the way and let creative people figure it out.

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