Prime Minister Trudeau and Mayor Sim have joined forces in a $115 million deal aiming to build over 40,000 new homes in the next decade.
Over 3,200 homes will be expedited in the next three years, breaking down bureaucratic barriers and putting shovels in the ground faster.
The plan prioritizes higher-density housing near transit, making efficient use of space and connecting residents to essential services.
Vancouver will revamp its rezoning process and expand affordable rental programs, aiming for a more streamlined and inclusive approach to housing development.
Both Trudeau and Sim emphasized the seriousness of the commitment, calling it a “collective action” to address Vancouver’s housing crisis.
The Conservative Party expressed skepticism, claiming the government isn’t doing enough to meet the housing demand.
Overall, this deal represents a significant step towards tackling Vancouver’s housing challenges. Whether it delivers on its ambitious goals remains to be seen, but it offers a glimmer of hope for a more accessible and affordable future in the city.
