Creating new market rental housing and protecting existing rentals and tenants
Rental housing is important to meet the needs of a diverse population and is vital to a healthy economy. It also allows moderate-income households to stay in the City because household incomes of renters are typically half that of owners.
Vancouver has the tightest rental market and one of the lowest vacancy rates in Canada, which over the last three years has averaged 0.9 per cent.
With a growing population, limited increases in income, and a limited supply of new, purpose-built rental housing in recent decades, the need for suitable housing choices for low- and moderate-income households has grown significantly.
We use the following programs and strategies to protect and increase the number of market rental homes in Vancouver.
In each section:
- Learn how each program works
- Apply to create housing through these programs
- Get resources and forms