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Metro Vancouver needs 11,400 new affordable rental units annually but built only 433 from 2018 to 2023.
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.
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.
The government plans to build around 4,500 affordable homes per year, falling short of the demand.
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Metro Vancouver necesita 11.400 nuevas unidades de alquiler asequibles anualmente, pero construyó solo 433 desde 2018 hasta 2023.