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Squamish Nation to undertake new development in Vancouver – Mortgage Broker News

Squamish Nation has announced its plans to begin the development of one of Canada’s largest Indigenous urban developments, slated to arise beside Vancouver’s Burrard Street Bridge.

While still in its formative stages, the project will aim to build a complex offering approximately 3,000 housing units, according to Squamish Nation councillor Khelsilem.

Khelsilem estimated that at present, approximately 1,100 of the roughly 4,000 Squamish members are on housing wait-lists.

“For a lot of other First Nations across the country, natural resources is the one option they have for growing their economies. Whereas for us, the land has been completely impacted [by the city’s growth] and so real estate is really the one thing we can get involved in that will make sense to generate revenue,” he stated in an interview with CBC News.

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