Housing Vancouver November 29, 2017 Vancouvers Share of Rental - PowerPoint PPT Presentation

Housing Vancouver November 29, 2017

Vancouver’s Share of Rental Under Construction in the Region Graph 1: Inventory of Rental Units Under Construction As of October 2017, at Year End: City of Vancouver Vs. Rest of Region Metro Vancouver has (2007-2016) 7,484 rental units 8,000 under construction in 7,000 apartment and row 6,000 house forms. 3,414 56% 54% of these units (44%) 5,000 are located in the 4,000 City of Vancouver 3,000 62% 53% 34% 2,000 44% 46% 1171 units 56% 43% 1,000 66% 46% 47% 38% 33% 44% 59% 57% 44% 54% 67% 56% 41% 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 (Oct. YTD) Rest of Region Vancouver Average (2007-2016)

Change in Total Number of Purpose Built Rental Housing Units in Metro Vancouver (2010 – 2017)

Comparison to the 2011 Housing and Homelessness Strategy Targets Overall 10-Year Targets for New Housing 72,000 units 38,900 units Housing and Homelessness Housing Vancouver Target Target (2012-2021) (2018-2027) 32

Progress Towards Housing and Homelessness Targets (2012 -2021) as of Q3. September 30, 2017 10-year Current Percentage of Housing target for number of 10- year Target Targets number of units (2021) units (2021) Social Housing 2,940 5,000 59% Supportive 1,700 2,900 59% Housing Secured Market 7,030 5,000 141% Rental Suites and 5,360 6,000 89% Laneways

Number of Units that the City is Approving and How that Translates into Housing Starts CoV Building Permits Issued from 2010 to 2017 (Oct. YTD) CoV Building Permits By Units 7 Year Average (2010-2016) 8000 7521 7000 6693 6000 5639 5528 5292 5000 4554 Units 3774 4000 2929 3000 2000 1000 0 2010 2011 2012 2013 2014 2015 2016 2017 (Oct YTD)

Property Transfer Transactions in The City of Vancouver Jan-Oct. 2017: Foreign Involvement Transactions Vs. Local/Canadian Citizen Involvement Transactions $726,740,754 4% Foreign Involvement Transactions Local/Canadian $16,439,967,576 Citizen Transactions 96% Source: Province of BC