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

Creating and protecting purpose-built rental housing

Rental housing is important to meet the needs of a diverse population and is vital to a healthy economy and equitable, resilient housing system. 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, consistently below 3% over the last decade. 
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.

Previous work on the Rental Incentive Program Review

Rental incentive programs review

In November 2019, we reported back to Council with results and recommendations from a ten year review of City rental incentive programs.

As part of the report back on this work, Council approved an amended Secured Rental Policy and provided direction for staff to prepare further policy and zoning changes to enable implementation

For more information, see the Council report and rental review documents below.

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

Creating new rental housing

Protecting existing renters and rental housing

Previous programs