
Metro Vancouver housing figures underscore massive gap in affordable units
VANCOUVER — The latest housing report from Metro Vancouver underscores the significant gap between current affordable rentals and the number of units required to prevent more people from falling into homelessness, the head of the BC Non-Profit Housing Society said as the district released its data Friday.
Jill Atkey said the region’s housing needs report shows Metro Vancouver needs 11,400 new affordable rental homes each year.
That’s a steep increase from an average of 433 between 2018 and 2023.
At the provincial level, Atkey said her group has projected B.C. needs 12,500 affordable homes each year, while the government has indicated it will complete about 4,500 annually over the next three years.