Metro Vancouver housing report highlights rental challenges

Between 2016 and 2021, the share of renters in Metro Vancouver increased from 36% to 38%, while the share of owners decreased from 64% to 62%. Housing construction has not kept pace with population growth, and rental construction is at a 20-year high but still insufficient. The City of Delta has proposed strategies to increase the number of rental units, and the report emphasizes the need to expand the supply of rental housing. The report also highlights the challenges faced by renters in terms of housing affordability and income levels.

Get Today's Best Rate!

    This will close in 0 seconds