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flag Metro Vancouver needs 11,400 new affordable rental units annually but built only 433 from 2018 to 2023.

flag Metro Vancouver's latest housing report highlights a significant gap in affordable rentals, with 11,400 new units needed annually, up from 433 between 2018 and 2023. flag Despite a slowdown in rent increases to 4.5% in 2024, homelessness has risen by 33% since 2020, and the waitlist for social housing has surpassed 21,500 households. flag The government plans to build around 4,500 affordable homes per year, falling short of the demand.

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