Vancouver launches new strategy for market rental housing on city land

The City of Vancouver is launching a new initiative to increase market rental housing by collaborating with developers on city-owned land. The city will retain ownership of the land and act as landlord, targeting middle-income families with annual incomes between $90,000 and $194,000. The pilot program will start with five sites, including a project at Pacific and Burrard that aims to provide 1,100 housing units. While the mayor emphasizes a commitment to housing for all, some council members express concerns about prioritizing vulnerable populations.