In a major boost for housing supply, Council has approved 3,097 new homes across 13 towers, including 2,603 secured purpose-built rental units (2,136 market rentals and 466 below-market rentals), along with 383 strata condominiums and 112 social housing units.
Seven of the projects fall within the Broadway Plan area—each within walking distance of existing or future SkyTrain stations—highlighting a strong push toward transit-oriented development.
One standout project at 396 E 2nd Avenue in Mount Pleasant will replace a three-storey building with a 22-storey tower featuring 273 rental homes (218 market, 55 below-market)—yielding a net gain of 220 homes.
These approvals mark a pivotal step toward Vancouver’s housing and sustainability goals, integrating affordable, rental, and social housing across key transit corridors.
📖 Read more: https://dailyhive.com/vancouver/vancouver-new-housing-tower-approvals-q2-2025
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