B.C.’s Rental Protection Fund secures 2,000 deeply affordable housing units

Author Sharlene Gandhi

The Rental Protection Fund announced Monday that it has secured more than 2,000 affordable rental homes across B.C. through property acquisitions. 

The fund – a non-profit organization established in 2023 with an initial investment of $500 million – works with local non-profits to acquire property around the province. Current tenants in these buildings can not only stay when the property is purchased, but also continue paying rent that is significantly lower than market rates. 

According to a social and affordable housing survey, “affordable housing is largely managed by non-profits.” In B.C., they operate three-quarters of the province’s affordable housing stock. 

The Rental Protection Fund also developed a Strategic Housing Acquisition Resource Platform that allows community and non-profit housing providers to receive support during a property acquisition process. 

According to data from the Canada Mortgage and Housing Corporation, average rents in B.C. have continued to rise from 2022 to 2025. Where a one-bedroom would, on average, have cost $1,432 per month in 2022, it was going for $1,685 in 2025, an increase of 17 per cent. 

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  • Sharlene Gandhi is the Future of Good editorial fellow on digital transformation.

    Sharlene has been reporting on responsible business, environmental sustainability and technology in the UK and Canada since 2018. She has worked with various organizations during this time, including the Stanford Social Innovation Review, the Pentland Centre for Sustainability in Business at Lancaster University, AIGA Eye on Design, Social Enterprise UK and Nature is a Human Right. Sharlene moved to Toronto in early 2023 to join the Future of Good team, where she has been reporting at the intersections of technology, data and social purpose work. Her reporting has spanned several subject areas, including AI policy, cybersecurity, ethical data collection, and technology partnerships between the private, public and third sectors.

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