Vancouver Nears Housing Goal: 85% of Target Reached

Vancouver has completed 8,988 new housing units in two years, reaching 85% of the provincial target.
City staff expect to exceed the five-year goal of 28,900 units by 2028, with 30,900 units projected to finish.
Uncertainty remains due to construction capacity, financing issues, slower population growth, and declining pre-sales.
Rental and condo prices softened in 2025, improving affordability but reducing incentives for new development.
Vancouver leads the region in housing starts, driven by strong rental construction, though deeper-affordable units need more senior-government funding.