Vancouver affordable housing strategy aims to add rental units, ease rates
Darah Hansen, Vancouver Sun
Renters could be among the first to feel the effects of a city housing strategy that aims to make Vancouver more affordable for low and middle-income earners.
Coun. Geoff Meggs, who served as council liaison on an 18-member task force formed last December to examine the affordability issue, said he’s optimistic rental prices in the city will ease over the next year or two as more rental units become available.
“It may not be enough to resolve some of the issues out there, but it would be great if we saw our vacancy rates creep up a little bit so that our rents were more modest and people have more access to newer buildings,” he said.
City council is set to vote on a staff report Tuesday that outlines priority steps to put recommendations made by the task force into action.
The strategy calls for increased housing density, including condominiums, apartments, townhomes and row housing, along major arterial roads across the city, including Main Street, Dunbar, Fraser and Hastings.
The city will also consider piloting three so-called “thin streets” projects in the West End, Grandview-Woodland and Marpole, all of which are undergoing a community planning process.
Meggs said residents of the three communities under consideration for a trial project will have an opportunity to share their thoughts on the concept over the next few months, with work potentially getting underway within a year and a half.