City of Vancouver sets goal of 83,000 new home approvals by 2033

Vancouver city staff are advocating for tracking housing supply progress through approvals rather than completions, citing increased flexibility in response to market shifts. To meet the provincial government's goal of 28,900 new homes in five years, more new homes need approval. Staff suggest 14% of units should be three-bedroom to align with housing policies. The city faces challenges in creating affordable units and needs more funding from senior governments. The 10-year Housing Vancouver targets include 83,000 new approvals, with a focus on family-sized units.