A new study from the Canadian Centre for Policy Alternatives indicates that 10,000 units of non-market affordable rental housing are needed in the Metro Vancouver region annually in order to successfully tackle the affordability crisis and prepare for future needs.
The report recommends mass public construction of affordable housing, funded by much-needed property tax reforms such as the progressive tiers on property and property transfer taxes, and speculation and vacancy taxes.
This report support the position of the VDLC that public construction of affordable housing is key to solving the crisis. We call for urgent action to make this a reality.
Read the report HERE.