National

Housing targets on track for Vancouver

Darpan News Desk The Canadian Press, 13 Nov, 2024 04:49 PM

The City of Vancouver says it is on track to meet provincial targets in housing development in its latest progress report.

Vancouver's first annual report on the targets showed that more than four-thousand units were built in the city from October 2023 to September 2024.

That's about 80 per cent of the year-one target set by the province in its bid to create more housing affordability across B-C.

A statement from the city says there are also about 58-thousand units in the development pipeline, and the projected five-year forecast is expected to exceed the provincial target.

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