Vision
Metro Vancouver Housing is a leader in providing safe, affordable rental housing to support healthy, engaged communities across the region.
Guiding principles
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Social: Support tenant well-being by providing high-quality housing and fostering inclusive, connected communities
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Financial: Maintain long-term affordability through sound financial management and strategic reinvestment
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Environmental: Enhance environmental stewardship, energy efficiency, and climate resilience
Metro Vancouver Housing 10-Year Plan
The region continues to face a persistent shortfall of affordable rental housing.
As the second largest non-profit housing provider in BC, Metro Vancouver Housing recognizes both the need and opportunity to grow its housing portfolio, while ensuring existing homes remain safe, resilient, and sustainable.
Adapting to a changing housing landscape
The previous 10 Year Plan, adopted in 2019, laid the foundation for expanded delivery. Since then, Metro Vancouver Housing has met or is on track to meet its major commitments, including new buildings completed, projects underway, and renewed investment in aging sites.
However, the housing landscape has changed significantly. New federal and provincial funding programs, updated building and climate policies, and advances in construction and design technologies have created new opportunities to scale up non market housing delivery.
The new Metro Vancouver Housing 10 Year Plan responds to these shifts and sets a renewed direction for how we will provide, preserve, and expand non market rental housing across the region.
Investing in renewal and growth
Metro Vancouver Housing will commit at least $150 million over the next decade to renew and expand its housing portfolio. These investments will deliver:
- At least 2,000 new and redeveloped homes (approximately 50% of portfolio growth)
- Renewal of existing buildings to maintain long term performance
- Improvements in accessibility, sustainability, and resilience across all new developments and existing sites
Priorities
Goals
| Collaborative Investment Model | Collaborative Investment Model | <div class="ExternalClass1EF24B984CCD42ECAE5A29EDDBCAC6D8"><p>Build on a sustainable mixed income financial model and leverage partnerships and funding tools to support a new era of affordable rental housing delivery.<br></p></div> |
| Preserve: Asset Stewardship | Preserve: Asset Stewardship | <div class="ExternalClassA7B4F3F209DE413CB7E621808ACA1D2C"><p>Invest in renewing and maintaining high quality, efficient, and climate resilient buildings to ensure long-term affordability and performance.<br></p></div> |
| Provide: Community and Tenant Wellbeing | Provide: Community and Tenant Wellbeing | <div class="ExternalClassA202001A7A594BF4AACBD271DA658EFD"><p>Deliver leading tenant services, strong day to day operations, and community building initiatives that support stability and well being.<br></p></div> |
| Expand: A Sustainable Approach to Growth | Expand: A Sustainable Approach to Growth | <div class="ExternalClass4DC904DFB7A044729965FCEC4971F4C8"><p>Leverage land base, planning readiness, and financial capacity to accelerate delivery of new non market rental housing across the region.<br></p></div> |
Targets
| Growth | Growth | <div class="ExternalClassB9454622558B430CA580AC734B6EA81E"><p>Deliver 2,000 homes over 10 years (approximately 200 homes per year)<br></p></div> |
| Unit mix | Unit mix | <div class="ExternalClass49B6CAAF0DA04CE5881E977405246AEE"><ul><li>New buildings: Minimum 50% two-bedroom units or larger</li><li>Portfolio-wide: Minimum 70% two-bedroom units or larger</li></ul>
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| Affordability | Affordability | <div class="ExternalClass1D010BB05EE14B3796CA147B7DAB80F9"><ul><li>Minimum 30% Rent Geared to Income (RGI) or deeper affordability</li><li>Remaining units provided at Low End of Market (LEM) rents</li></ul><p>Learn more about <a href="/services/housing/application-and-rent-information" title="Visit Application and Rent Information">Rent-Geared-to-Income and Low-End-of-Market housings</a></p>
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| Accessibility | Accessibility | <div class="ExternalClass26B8AABA6D0642538F34A9296A905527"><ul><li>Minimum 5% fully accessible units in all new buildings</li><li>Remaining units built to adaptable housing standards</li><li>Universal design principles applied to all common areas</li></ul>
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| Facility condition | Facility condition | <div class="ExternalClassB1A2FC5221EB47B0AFDE48244F9BE1DB"><ul><li>Maintain a Facility Condition Index (FCI) of 20% or lower, ensuring buildings remain in fair to good condition</li></ul> </div> |
| Sustainability | Sustainability | <div class="ExternalClassD97A6304142544629FE78812ECB6CD2C"><ul><li>Achieve a 100% carbon‑neutral portfolio by 2050</li><li>Reduce energy consumption by 25% in major renewal projects</li><li>Reduce greenhouse gas emissions by 45% by 2030 (from 2010 levels)</li></ul></div> |