Overview

• The financing is part of the Apartment Loan Construction Program, which provides low-interest loans to encourage rental developments for middle-class Canadians.
• Four Vancouver locations will benefit from the funding, including a major project on 42nd Avenue by Marcon Developments Ltd.
• The 42nd Avenue site will feature 211 apartments, with a mix of unit sizes, and is strategically located near the Oakridge town centre and a Canada Line station.
• Additional sites at 1099 Harwood St., 1066 Harwood St., and 1317 Richards St. will also receive substantial loans to boost housing availability.
• Harjit Sajjan emphasized the importance of these projects in meeting the housing needs of Vancouver's expanding population, providing homes close to essential services and employment opportunities.