An affordable and diverse housing supply is an important foundation for meeting the needs of a growing population. In a region with high and rising housing costs like Metro Vancouver, an affordable and diverse housing supply is also critical to the region’s future prosperity. Housing choices that include a mix of homeownership and rental opportunities across housing types, sizes, and price points are essential to accommodate a diverse workforce and to create a future for all regional residents. The Greater Vancouver Regional District.

This Regional Affordable Housing Strategy provides a renewed vision, and shared goals, strategies, and actions for tackling the housing affordability challenge in Metro Vancouver. As a federation of twenty one municipalities, a treaty First Nation, and an electoral area, the region shares an economy and housing market. While the market does a good job of housing most residents, and in fact, 95% of all Metro’s housing stock is provided through the market, it is not able to do so at a price everyone can afford. This fact is particularly true for very low and low-income households earning under $50,000 per year. Past experience shows that senior levels of government must play a role if there is to be a greater supply of housing that is within the means of this population group. Now the problem of affordability has spilled over to residents with higher income levels, including
those seeking entry-level homeownership.