News & Events

More than 325 new below-market homes underway in Port Moody

Families, seniors and Indigenous people will soon have access to more than 325 new below-market rental homes with construction underway on a development in Port Moody.

“With the building of these 328 below-market homes, more people in the community will have access to homes within their reach, bringing more peace of mind and stability in their lives,” said Ravi Kahlon, B.C. Minister of Housing. “We know that the housing shortage is taking a toll on many people in Port Moody and throughout B.C., and these homes will provide relief to people so they can thrive in the community they call home.”

The Creek at 296 Angela Dr. will provide 328 below-market, affordable rental homes as part of a larger multi-phase, 23-acre development coming to Port Moody called Portwood. The construction of The Creek marks the first phase of the project to proceed in partnership with Edgar Development, with more buildings containing market-rental and market housing on the way.

The Creek will consist of three six-storey apartment buildings featuring a mix of one-, two- and three-bedroom homes on a five-acre land. More than 75% of these will be two-bedroom homes that will be accessible to families. Sixty-six of these homes will also be fully accessible and 166 will be adaptable. All rental rates will be below the market rates and will be determined closer to the opening of the buildings.