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Monday, April 15, 2024

Vancouver’s newest housing co-op now open in Olympic Village

Vancouver’s newest housing co-op opened Monday in the Olympic Village, bringing an additional 135 units to market.

The 15-storey Railyard Housing Co-op was developed by Concert Properties as part of its “The Creek” market condominium development.

The co-op is targeting a mix of tenants, from singles and couples to families with children. There are 44 two-bedroom and 29-three bedroom suites, with the rest of the building being a mix of one-bedroom and studio suites.

The Co-operative Housing Federation of BC (CHF BC) says more than half of the co-op’s suites will be affordable to households with annual incomes between $25,000 and $55,000.

Vancouver Mayor Gregor Robertson was in attendance at Monday’s opening.

“This type of family-oriented co-op housing in Olympic Village helps us tackle Vancouver’s affordability crisis, especially for families struggling to find long-term rental homes within their means,” said Robertson.

Unfortunately for prospective tenants looking to secure a place in the new building, the pre-registration list to apply to the new co-op filled up quickly and applications are not currently being accepted.

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Peter Meiszner
Peter Meiszner
Peter Meiszner is an experienced journalist and media relations professional, based in Vancouver. As founder of urbanYVR.com, he has been reporting on urban development across the Lower Mainland since 2016, and has also served as vice-chair of the Gastown Historic Area Planning Committee. In October 2022, he was elected to Vancouver city council and is no longer actively reporting for urbanYVR.

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