The Squamish Nation broke ground this week on the largest Indigenous-led housing development in Canadian history.
When completed, the Senákw development next to Kitsilano’s Vanier Park will include some 11 towers, 6,000 rental units and 1,200 homes, generating an estimated long-term return of more than $10 billion to the nation.
Prime Minister Justin Trudeau attended a news conference yesterday hosted by Squamish Nation on the site of the planned project.
At the ground breaking Trudeau announced that the Government of Canada will help finance the development by providing a $1.4 billion low-interest construction loan.
Last modified: September 7, 2022