The 3522 Porter St development provided rental housing units under the Short Term Incentives for Rental housing program

Creating and protecting market rental housing

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 rental housing has grown significantly.

Rental programs

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

Whats Happening

Review of rental incentive programs

We are currently reviewing existing programs to incentivize new rental housing, including Rental 100. This review includes analysis of the effectiveness of our programs in delivering new housing to meet the needs of current and future renters.

As part of this process, we will be consulting with:

  • Renters
  • Developers
  • Landlords
  • Key stakeholders
  • Community members

An independent economic analysis of the incentives offered through the program will also be undertaken and opportunities to amend the program will be explored.

The initial findings from the review will be presented to Council in summer 2019.