2,600 new homes to be sold at 60% market value in Vancouver

Up to 2,600 new housing units are planned for the Heather Lands in Vancouver, to be sold at 60% of market value, prioritizing first-time homebuyers. The B.C. government will finance 40% of the purchase price, with buyers covering the remaining 60% under a 99-year lease. The initiative targets middle-income buyers who meet specific residency and ownership criteria. The project, conceived by local First Nations, aims to address housing shortages in Vancouver, with construction expected to start next year following rezoning.