The Government of Canada provided $150 million in low-interest loans through the RCFi toward the construction of three new rental projects in Vancouver.

The City of Vancouver is moving forward on the construction of 1,100 new rental homes made possible through the Rental Construction Financing Initiative (RCFi).

Vancouver-based Mayfair Properties recently purchased Martello Tower, a 30-storey concrete rental building at the corner of Beach and Thurlow.

The City of Vancouver has approved plans for the controversial Birch Street rental tower, a 28-storey development located at the corner of West Broadway.