City of Vancouver will become a developer and landlord of for-profit rentals in bid to ease housing crisis | Unpublished
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Source Feed: The Globe and Mail
Author: Frances Bula
Publication Date: February 7, 2025 - 18:42

City of Vancouver will become a developer and landlord of for-profit rentals in bid to ease housing crisis

February 7, 2025
The City of Vancouver will become a rental-apartment developer and landlord, in a new and unusual attempt to grapple with the local housing crisis.The new initiative is aimed at developing at least five city-owned sites through a “pilot rezoning project,” with an application already in to their own department for two towers – one 54 storeys, the other 40 – comprising more than 1,100 apartments on a downtown site near the water.


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