COST OF METRO VANCOUVER RENTAL HOUSING PROJECTS NEARLY DOUBLES BEFORE CONSTRUCTION BEGINS
The cost of two affordable rental developments to be owned and operated by the Metro Vancouver Regional District has nearly doubled even before construction has even begun. Metro Vancouver’s Housing Committee will vote Friday to approve the updated budget for two projects in Burnaby: the Connection, a 174-unit redevelopment on a current townhouse site operated by Metro Vancouver, and the Steller, a 122-unit development on vacant land. According to committee agenda documents, the budget...
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