April 25, 2025, 2:21 pm
Reports reveal that while the pace of rent increases in Metro Vancouver has moderated relative to last year, overall housing expenses continue to soar. Despite a growing rental stock, the region grapples with persistent homelessness and expanding waitlists for social housing, signaling deeply rooted affordability challenges.
The region's housing needs report shows Metro Vancouver needs 11,400 new affordable rental homes each year.
VANCOUVER - The pace of rent increases in Metro Vancouver slowed last year compared with 2023 and the rental stock is growing, but the regional district says homelessness continues to rise and the wait-list for social housing grows.
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