Tuesday, April 15, 2025
According to the Government of British Columbia, one year after the launch of BC Builds, more affordable housing options are on the way for North Vancouver and throughout B.C., with faster timelines benefiting families, seniors and individuals.
“Just over one year ago, we launched BC Builds to help more people access affordable homes in the communities they love,” said Ravi Kahlon, Minister of Housing and Municipal Affairs. “Now, we’re breaking ground on several projects, including the first-announced project in North Vancouver. Through BC Builds, we’ve streamlined development approvals, built solid partnerships and are delivering homes people can afford.”
In 2024, the BC Builds program, delivered by the Province through BC Housing, was launched alongside the announcement of 179 new homes and a community-services facility in North Vancouver. In the year since, the program, which fast-tracks developments, has reached significant milestones, including the official start of construction on these new homes and the community-services facility.
The development at 120 St. Georges Ave. went from concept to construction in 14 months and shows how BC Builds works with partners to speed up projects. Instead of following the usual step-by-step approval process that can take three to five years, BC Builds runs multiple stages of a project at the same time, allowing it to move from idea to construction in 12 to 18 months.
Since the program started, approximately 1,400 homes are underway throughout the province, with nearly 2,500 more in various stages of early development. It is anticipated more than 9,000 homes for middle-income households will be built through this program.
The 18-storey mass timber building will include the new North Shore Neighbourhood House, a community services provider, on the lower levels and rental housing on the floors above. The rental homes will range in size from studios to three-bedroom units.
“Breaking ground on the new North Shore Neighbourhood House affirms our commitment to creating affordable, inclusive communities,” said Linda Buchanan, mayor, City of North Vancouver. “Rising housing costs have made it harder for people to live where they work. This redevelopment is a transformative solution – delivering affordable homes, while enhancing vital services, ensuring a thriving community for years to come.”
The North Shore Neighbourhood House will provide an extensive range of community services, including 37 child care spaces, food programs such as the North Shore Food Bank, wellness and recreation activities, and youth and seniors’ programs. This facility will ensure these crucial services will continue to support people and families.
The new building, part of the second phase of the North Shore Neighbourhood House Hub development, is a partnership between the Province (through BC Housing), the City of North Vancouver, and Catalyst Community Developments Society. The Province, through BC Builds at BC Housing, is investing $24.5 million in construction through a BC Builds grant, while the City of North Vancouver is contributing the land and $49.5 million in funding for the North Shore Neighbourhood House.
This project is part of a $19-billion housing investment by the B.C. government. Since 2017, the Province has nearly 92,000 homes that have been delivered or are underway, including nearly 1,200 homes in North Vancouver.
BC Builds works in partnership with non-profit groups, local governments, First Nations and the development sector to identify available or underused land, provide low-interest repayable loans and funding, and deliver projects that create more homes and help bring costs more in line with what households with middle-incomes earn.
All BC Builds units have a target of households with middle-incomes spending no more than approximately 30% of their income on rent. In addition, a minimum of 20% of all BC Builds homes where grants are provided will have rents at least 20% below market rate.
Featured image: (Government of B.C.)
