Vancouver’s downtown peninsula is about to see one of its largest waves of new social housing in decades as three long-planned sites in False Creek North advance through development and construction.
Following Concord Pacific contributing three key sites to the City, the City of Vancouver and BC Housing, is moving forward on major non-market housing projects at 990 Beatty Street, 1050 Expo Boulevard, and 450 Pacific Street. Altogether, the three buildings will receive a combined total funding including nearly $196 million from the federal government’s Affordable Housing Fund, almost $62 million from the provincial government’s Community Housing Fund, and over $10 million from the municipal government through Development Cost Charges (DCC) fee waivers. deliver more than 670 new affordable homes for families, seniors, and residents with varying housing needs. Construction has started on 450 Pacific St. and 1050 Expo Blvd., with both projects expected to finish in late 2028, early 2029.
While the surrounding neighbourhood has transformed into a dense urban community, these final sites represent a major public-benefit milestone designed to ensure income diversity in one of the city’s most desirable areas.
990 Beatty Street: A 28-Storey Tower with Housing, a Fire Hall, and Childcare
The tower at 990 Beatty Street is the most significant of the three projects and reflects a modern approach to combining civic infrastructure with affordable housing. The 28-storey building will feature a substantial number of social-housing units, supported by a new Fire Hall No. 8 and a dedicated childcare facility integrated directly into the podium. This mix of uses provides essential public services while creating long-term affordability in the heart of False Creek North. Its location near transit, parks, and major employment centres ensures that residents will have direct access to the amenities and opportunities found downtown.
1050 Expo Boulevard: A Companion Tower Expanding Downtown’s Non-Market Housing Supply
Just steps away from 990 Beatty, the 29-storey tower at 1050 Expo Boulevard continues the delivery of large-scale non-market housing in the area. Designed as a companion project to the Beatty Street tower, it forms part of the same multi-site agreement with the City. Both towers are being delivered together to ensure cohesive development, shared amenities where appropriate, and efficient construction timelines. As market housing continues to dominate downtown’s skyline, this tower introduces meaningful relief for residents who rely on stable, below-market rents made possible through partnerships with BC Housing and nonprofit operators.
450 Pacific Street: A Family-Oriented Midrise Expected to Complete in 2028
The third site, located at 450 Pacific Street in Yaletown, brings a more modest scale to the overall program but remains just as significant. The seven-storey midrise is designed with families in mind, offering ground-oriented units and communal indoor and outdoor spaces that support long-term livability. Construction is already underway, and completion is expected in 2028.
A Major Social-Housing Milestone for False Creek North
Taken together, the three Concord Pacific sites represent one of the largest coordinated non-market housing deliveries Vancouver has seen in years. They bring affordable homes to an area where land values are among the highest in the country and ensure that False Creek North continues to evolve as a mixed-income community. With childcare, civic services, and family-friendly designs built into these developments, the projects also reflect a broader shift toward integrating housing with essential community infrastructure.
As construction progresses, these buildings will stand as a reminder that major redevelopment plans require long-term commitments and that fulfilling them can have lasting impacts on affordability, equity, and neighbourhood resilience.
