The Crisis

Building Solutions to the Housing Crisis

Vancouver has earned the unfortunate title of the third least affordable city in the world, according to the 2023 Annual Demographic Affordability Survey—only Hong Kong and Sydney rank worse.

This crisis isn’t just bad for communities; it’s bad for business. Families and individuals are leaving Vancouver due to the severe housing and affordability challenges. We believe that affordable housing requires innovative development models, rooted in community collaboration.

Globally, successful housing solutions share a common factor: community involvement. When communities engage and unite around the issue, they develop tailored, effective solutions.

A Path Forward for Affordable Housing

In our financial analysis for a local charitable housing trust, we discovered a compelling opportunity:

  • If a Non-Profit Housing Development Corporation (or similar entity) reduces development costs by just 20%, they could deliver affordable homes—both ownership and rental—at up to 75% below current market rates in the Lower Mainland.
  • When land is contributed at zero cost, the savings grow to 50%.

The scale of the problem is vast. The Canada Mortgage and Housing Corporation (CMHC) reports that we need an additional 3.5 million new homes by 2030 to address this crisis. This isn’t just a $100 billion issue—it’s a $2 trillion challenge.

How We Can Help

Does your organization own a property you’re considering re-developing?
Are you a non-profit or charity seeking affordable housing solutions?

Our team specializes in guiding organizations through the affordable housing development process, including:

  • Creating financial models
  • Seeking funding opportunities
  • Developing partnerships and joint ventures
  • Overseeing the entire development process

To discuss how we can support your organization in creating an affordable housing strategy, please contact:

Let’s work together to create affordable, sustainable housing solutions for our communities.