On Thursday, the Government of British Columbia announced housing supply targets for 10 more municipalities, bringing the total number of municipalities that have received targets to 40.
This group of 10 municipalities is the fourth cohort to receive targets and consists of Burnaby, Coquitlam, Courtenay, Township of Langley, Langford, Penticton, Pitt Meadows, Richmond, Squamish, and Vernon.
The Province announced the 10 municipalities on May 29, but did not reveal their targets until today. In that May announcement, the Province said that "many in the fourth group are already leaders in building more homes" and that their inclusion demonstrates that "all communities, big and small, have a vital role to play in addressing the housing crisis."
As was the case for the previous groups, the housing supply targets are issued in the form of a Ministerial Housing Target Order (HTO) that includes annual targets, as well as a five-year cumulative target, the latter of which represents approximately 75% of the housing needs for the municipality, as estimated by the Province.
The 10 municipalities announced today and their housing supply targets, are as follows.
Burnaby
- Year 1: 1,536
- Year 2: 3,174
- Year 3: 5,069
- Year 4: 7,373
- Year 5: 10,240
Coquitlam
- Year 1: 972
- Year 2: 2,009
- Year 3: 3,208
- Year 4: 4,666
- Year 5: 6,481
Courtenay
- Year 1: 200
- Year 2: 414
- Year 3: 660
- Year 4: 960
- Year 5: 1,334
Langley (Township)
- Year 1: 989
- Year 2: 2,045
- Year 3: 3,265
- Year 4: 4,749
- Year 5: 6,596
Langford
- Year 1: 449
- Year 2: 928
- Year 3: 1,482
- Year 4: 2,155
- Year 5: 2,993
Penticton
- Year 1: 136
- Year 2: 281
- Year 3: 449
- Year 4: 654
- Year 5: 908
Pitt Meadows
- Year 1: 109
- Year 2: 225
- Year 3: 360
- Year 4: 523
- Year 5: 727
Richmond
- Year 1: 1,013
- Year 2: 2,093
- Year 3: 3,343
- Year 4: 4,862
- Year 5: 6,753
Squamish
- Year 1: 160
- Year 2: 331
- Year 3: 529
- Year 4: 770
- Year 5: 1,069
Vernon
- Year 1: 277
- Year 2: 573
- Year 3: 915
- Year 4: 1,331
- Year 5: 1,849
The Housing Supply Act
The housing supply targets come as part of the Housing Supply Act announced by Premier David Eby immediately after stepping into the role in November 2022.
The first cohort was announced in September 2023 and consisted of Abbotsford, Delta, the District of North Vancouver, Kamloops, Oak Bay, Port Moody, Saanich, Vancouver, Victoria, and West Vancouver.
The second cohort was then announced in June 2024 and consisted of Central Saanich, Chilliwack, the City of North Vancouver, Esquimalt, Kelowna, Maple Ridge, Nanaimo, Sidney, Surrey, and White Rock.
The third cohort was announced in July 2024 and consisted of Colwood, The Township of Langley, Mission, New Westminster, North Cowichan, North Saanich, Port Coquitlam, Prince George, View Royal, and West Kelowna.
Most of the municipalities have been selected from a larger list of 47 municipalities, as previously reported by STOREYS. However, in the aforementioned May announcement, the Province said that it was adding 12 more communities "with high demand, low vacancy rates, and limited housing availability" to the list.
The 12 municipalities joining the list are Coldstream, Comox, Courtenay, Cumberland, Lake Country, Parksville, Peachland, Penticton, Qualicum Beach, Salmon Arm, Summerland, and Vernon — three of which were part of the fourth cohort given targets today.
So far, only the first cohort has completed a full year with active housing targets and many, including Vancouver, missed their first-year target — although the targets measure net new units completed, which means the early results reflect actions taken prior to being given housing supply targets. Out of the first cohort, Oak Bay and West Vancouver missed their targets by the largest margin. In response, the Province assigned a special advisor to review each municipal government and ordered a series of policy changes in both municipalities in May.
Keep up with all housing targets and progress updates via our Housing Supply Targets Tracker.
