November 22, 2019
Vancouver Mayor Kennedy Stewart was elected on a promise to build 85,000 new housing units over 10 years, an attempt to outdo the previous administration’s 2017 commitment to build 72,000 new homes.
But recently released data shows the city is falling far behind its own original targets.
And the biggest shortfall is in badly needed new rental apartment buildings.
In the first three-quarters of 2019, just 649 new rental units were approved, far short of Vancouver’s annual target of 2,000.
And just 349 units have been completed so far this year, compared to last year’s banner year of 1,427 units completed.