Vancouver's development pipeline is set to meet provincial housing targets despite challenges like interest rates and construction costs. The city reported 4,143 new housing units completed between October 2023 and September 2024, achieving 80% of the year-one target. Currently, about 58,100 units are in development, with projections to exceed the five-year target of 28,900 units. Vancouver is leading the region in housing construction, with over 7,200 units started in the past year, including more than 2,100 rental units in the first half of 2024.
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