Housing Affordability

As a renter himself, Kennedy has made housing affordability his top priority because he understands how hard it is to find secure housing. As Mayor, he has focused on delivering for working people so they can continue to live, work or raise their families in the city they love. He’s taken on greedy speculators while encouraging public and private investment in homes for people, not commodities for the wealthy.

To provide homes for the most vulnerable, Kennedy secured the largest federal and provincial housing investment in over a generation. To help renters, he increased the supply of homes by raising the empty homes tax and fast-tracked rental projects that build a percentage of permanently affordable homes. He also ensured renters felt more secure in their homes by expanding protections and compensation for renters impacted by renovictions. To help first time buyers, he introduced Making HOME -- a plan to make middle-class homeownership in Vancouver a reality again by turning luxury single detached homes only few can afford into multi-family houses with units permanently affordable to working people.

But he knows we need to do more, and we need to do it faster. That’s why Kennedy needs your help to build a new consensus around the bold housing solutions our city needs.

Key Accomplishments:

  • Tripled the empty homes tax to move over 5,000 empty homes into the local rental market.

  • Securing half-a-billion dollars from the federal and provincial governments to house working families and people without homes.

  • Taking action to protect renters from renovictions.

  • Fast-tracking the creation of affordable rental homes.

  • Introducing the Making HOME program to encourage middle-class homeownership.