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Ottawa, the B.C. government and City of Vancouver are investing $91 million in a new mixed-use development in the Davie Village district.

Feds, B.C., City Invest $91M in Vancouver Mixed-Use Project

Ottawa, the B.C. government and City of Vancouver are investing $91 million in a new mixed-use project in the Davie Village district.

The project at 981 Davie Street will include 151 affordable housing units and commercial space, officials announced Friday during a news conference. The Community Land Trust non-profit society will own and operate the building in partnership with the McLaren Housing Society, which provides support services to people living with HIV/AIDS.

Ottawa is providing $15.4 million, while the province is contributing $27.8 million. The city is investing $10.7 million to establish a new home for QMUNITY, a non-profit group that works to improve the lives of queer, transgender and two-spirited people, in the building.

In addition, the city and Metro Vancouver, an umbrella group for the region’s local governments, are providing $3.6 million in local development cost charges and regional DCC waivers.

Construct is slated to conclude in 2026.


Inside The Story

National Housing Co-Investment FundB.C. Housing

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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