Vancouver

City Approves 200 “Affordable” Rental Housing Units

By
REW.ca
May 17, 2017






Vancouver City Hall

That is, if you consider $1,654 a month for a one-bedroom apartment in East Van affordable

Some 200 new rental homes in East Vancouver and Oakridge were approved by city council last night (May 16) as part of its Housing Reset strategy, which aims to increase the supply of affordable housing in Vancouver.

However, the city has already come under fire for describing the new units as “affordable” since the rents start at $1,256 a month for a studio apartment, rising to $1,654 for a one-bedroom unit and up to $2,603 for a three-bed suite.

One of the developments approved, at Kingsway and Gladstone in East Vancouver, will provide 45 studios at $1,256 per month, 18 one-bedroom units at $1,654 per month, 31 two-bedroom unit at $2,079 per month and seven three-bedroom suites at $2,603 per month.

Another project, at East 22nd Avenue and Rupert, will offer 65 one-bedroom suites at a rent of $1,476 per month, 29 two-bedroom suites for $2,080, and four three-bedroom suites for $2,372.

Finally, 20 three-bedroom townhomes were also approved on Willow Street between 38th and 41st in the Oakridge neighbourhood.

“The city is working tenaciously to approve and build new affordable housing as we reset our housing policy, so people who live and work in Vancouver can afford to stay here and put down roots,” stated Mayor Gregor Robertson. “These new rental homes will give young people and growing families in East Vancouver and Oakridge more affordable housing options, and keep those neighbourhoods liveable and vibrant now and into the future.”


Joannah Connolly has been editor and content manager of REW.ca since May 2014. Joannah has appeared on major local TV outlets as a real estate commentator, and has moderated and spoken on several industry panels. During this time, she also spent two years hosting the Real Estate Therapist radio show on Roundhouse Radio 98.3FM. A dual Canadian-British citizen, Joannah has 20 years of journalism experience in Vancouver and London, with a prior background in construction, architecture and business media.
© Copyright 2017

Comments

REW.ca welcomes your opinions and comments. We do not allow personal attacks, offensive language, unsubstantiated allegations or self-promotional content, including promotional website links. We reserve the right to unpublish comments, to edit them for length, style, legality and taste, and to reproduce them in print or online. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Email to a Friend

Close