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Developers push back against Vancouver's plan to enter for-profit housing business

Critics say program to build thousands of market-rate rentals could pit government against private sector
The city of Vancouver plans to build a total of 4,300 units across five city-owned sites aimed at middle-income renters. (Justin Eckersall/CoStar)
The city of Vancouver plans to build a total of 4,300 units across five city-owned sites aimed at middle-income renters. (Justin Eckersall/CoStar)
CoStar News
February 26, 2025 | 11:40 P.M.

Vancouver's pilot program to develop for-profit housing on city-owned land has drawn criticism from some developers and others in the industry who say the initiative could give the city an unfair advantage in pushing through projects.

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