Explainer: City of Vancouver announces progress on meeting B.C.’s housing targets

The City of Vancouver is on track to meet the B.C. government's housing targets, aiming for 28,900 new units by 2028. In the first year, 4,143 units were completed, achieving 80% of the target. Currently, 58,100 units are in development, with projections to exceed the provincial goal by 4,800 units. The city emphasizes the need for collaboration across all government levels to address housing challenges, including affordability and homelessness, while focusing on rental units and housing near transportation infrastructure.