Vancouver’s vacancy rate is just
Co-ops have offered residents affordable, community-focused housing options for decades.
More than 50 co-ops across Vancouver are leased on land which is owned by the City, and some of these land leases are about to expire.
This means that new leases need to be negotiated. We want to be mindful of the interests of existing co-op residents, while also being aware of the long-term interests of all Vancouver residents, including future generations.
Using publically-owned land to protect existing affordable housing - and to create more new affordable housing - is a vital part of the solution to the housing crisis facing the whole city.
co-op buildings are situated on City land
units of co-op housing are on City land
What's happeningAre you a co-op resident, operator, or board member?
We continue to discuss the co-op lease renewal framework with the Co-operative Housing Federation of BC (CHF BC) and other stakeholders.
City staff recently met with CHF BC and agreed that more time was needed to achieve consensus on the recommendations which will form the basis of our lease discussions with co-ops moving forward.
We're committed to continuing discussions with CHF BC and other partners and will be meeting later this year instead of the originally scheduled date of February 10, 2021.
Timeline
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February to June 2020
Engagement with co-op board members, operators, and residents
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July to December 2020
Engagement summarized by the City of Vancouver and additional feedback from stakeholders is received and analyzed
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Q1 2021
Staff report to Council with recommendations