Vancouver Is About to Become Rental-Only City

More Supply and Affordable in The Vancouver Housing Market

Vancouver’s latest housing is stated to constructed 72,000 new housing units within the next 10 years in addition to a dedicated rental-only zone, according to a Mortgage Broker News article.

In an interview with CBC News, mayor Gregor Robertson said this plan targets several things such as creating more affordable housing and protecting the rental housing we have already.

Mayor Robertson also said we are seeing more protections for renters across the province.

“We now have the tools,” Robertson says “we need to make sure we build additional housing, that it’s tied to local incomes…that means we have to approve significantly more homes.”