847 social housing units proposed for Marine Drive SkyTrain station | Urbanized

https://dailyhive.com/vancouver/8080-yukon-street-vancouver-marine-drive-southwynd-place-social-housing

11 points · 2 comments · view on lemmy.world

2 Comments

banana@communick.news · 2 pts · 1y (1 reply)

Transit-oriented and nonprofit, I can't ask for much more. I wish this project all the success.

Sturgist@lemmy.ca · 2 pts · 1y

It's certainly a lot more encouraging than in 2018 when City of Vancouver has changed the definition of “for-profit affordable rental housing”.

For this year, a new three-bedroom rental on the West Side of the city with a starting rate of $3,702 per month is considered affordable.
Also regarded as affordable rental rates in the same part of the city are $2,756 for a two-bedroom unit; $1,903, one bedroom; and $1,646, studio.