of new homes will be large enough for families
Housing Vancouver provides a strong foundation for the future in Vancouver.
In 2017, Council adopted the wide-reaching and innovative Housing Vancouver Strategy, along with 10-year housing approval targets (2017-2026) and a 3-year action plan (2018-2020)
Housing Vancouver provides a strong foundation for the future in Vancouver where
- Neighbourhoods are full of families
- Young people can afford to buy a home
- People of all incomes and backgrounds can participate in their communities
What's happeningNew Housing Targets and Action Plan
After over 7 years of implementing the Housing Vancouver Strategy, many factors affecting housing have changed. Council directed staff to update the 10-year housing targets to include new elements such as the Vancouver Plan (adopted in 2022), various provincial legislations, and current economic realities.
On June 25, 2024, Council adopted new 10-year housing targets (2024-2033) as well as a new 3-year housing action plan (2024-2026) to implement:
- The Vancouver Plan
- The Housing Vancouver Strategy
- A roadmap to meet the new targets
Review the council report and supporting documents:
The focus of our 10-year housing strategy
- Building more affordable housing
- Addressing and limiting the over-inflated cost of land that is driving up housing prices
- Ensuring the right types of homes are built – homes our residents need and can afford
- Protecting and renewing existing affordable rental housing across Vancouver
- Providing housing and support for our most vulnerable residents
- Streamlining City processes for faster housing development
The focus of our 3-year action plan
The new 3-year housing action plan includes over 50 actions, revolving around 7 key topics:
- Housing needs
- Geographic equity
- Addressing homelessness
- Community housing
- Indigenous housing
- Rental housing
- Speculation
Our new housing targets
The new 10-year target aims to approve 83,000 net new homes over the next 10 years, focusing on increased housing options for the Missing Middle, including:
of all new housing will be for renters
will be social, supportive, non-profit co-operative homes and below-market rental homes
How we're doing
Get updates
Stay informed about how we carry out the Housing Vancouver strategy.
Email: housingpolicy@vancouver.ca