City of Vancouver launches new strategy for market rental housing on City land

The City of Vancouver is advancing a new strategy for market rental housing through the Rental Housing on City-owned Land – Public Benefits Pilot Rezoning Policy, proposing development at Pacific and Hornby Street. The Vancouver Housing Development Office (VHDO) aims to generate non-tax revenue while delivering market rental housing. The initiative includes plans for 54- and 40-storey buildings providing up to 1,136 market rental homes. The City remains dedicated to affordable housing through partnerships and the Vancouver Affordable Housing Endowment Fund.