Metro Vancouver is facing a significant surge in housing costs, with the price of two key affordable rental developments nearly doubling. Originally approved in 2020, these projects, operated by the Metro Vancouver Regional District, have escalated in cost due to various economic factors. This sharp increase highlights the challenges in providing affordable housing amidst fluctuating market conditions and underscores the growing financial burden on regional housing initiatives. The situation calls for a reevaluation of strategies to manage and sustain affordable housing projects in the face of economic uncertainties.

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