News
September 13, 2025
Squamish Nation buys North Vancouver apartment complex for $54.2M
The International Plaza was built in 1975
**Squamish Nation Secures Affordable Housing with $54.2M Purchase of North Vancouver Apartment Complex**
In a significant move towards bolstering affordable housing options for its members, the Squamish Nation has acquired the International Plaza apartment complex in North Vancouver for a reported $54.2 million. The purchase marks a substantial investment in the community and underscores the Nation's commitment to providing secure and stable housing for its growing population.
The International Plaza, a multi-unit residential building constructed in 1975, offers a range of apartment sizes and configurations. While specific details regarding the Nation's plans for the building are still unfolding, it's widely expected that the purchase will directly address the pressing need for accessible and affordable housing within the Squamish Nation community.
"This acquisition represents a major step forward in our ongoing efforts to ensure our members have access to safe, secure, and affordable housing," stated a source close to the Squamish Nation leadership. "The International Plaza provides a solid foundation upon which we can build a stronger future for our community."
The acquisition of the International Plaza is not just a real estate transaction; it's a strategic investment in the long-term well-being of the Squamish Nation. By securing a significant residential property within the region, the Nation gains greater control over housing options and can tailor them to meet the specific needs of its members. This can range from offering subsidized rental rates to implementing culturally sensitive housing programs.
Furthermore, the purchase demonstrates the Squamish Nation's growing economic strength and its proactive approach to addressing social challenges. The Nation has increasingly been involved in diverse economic ventures, allowing it to reinvest in its community and improve the quality of life for its members.
The purchase of the International Plaza is anticipated to have a positive impact on the broader North Vancouver community as well. By providing stable housing options, the Squamish Nation is contributing to a more vibrant and inclusive neighborhood. The move is being lauded by housing advocates as a model for other Indigenous communities seeking to address housing shortages and promote self-determination. Details about the transition process for current tenants and the timeline for implementing the Squamish Nation's housing plan are expected to be released in the coming weeks.
In a significant move towards bolstering affordable housing options for its members, the Squamish Nation has acquired the International Plaza apartment complex in North Vancouver for a reported $54.2 million. The purchase marks a substantial investment in the community and underscores the Nation's commitment to providing secure and stable housing for its growing population.
The International Plaza, a multi-unit residential building constructed in 1975, offers a range of apartment sizes and configurations. While specific details regarding the Nation's plans for the building are still unfolding, it's widely expected that the purchase will directly address the pressing need for accessible and affordable housing within the Squamish Nation community.
"This acquisition represents a major step forward in our ongoing efforts to ensure our members have access to safe, secure, and affordable housing," stated a source close to the Squamish Nation leadership. "The International Plaza provides a solid foundation upon which we can build a stronger future for our community."
The acquisition of the International Plaza is not just a real estate transaction; it's a strategic investment in the long-term well-being of the Squamish Nation. By securing a significant residential property within the region, the Nation gains greater control over housing options and can tailor them to meet the specific needs of its members. This can range from offering subsidized rental rates to implementing culturally sensitive housing programs.
Furthermore, the purchase demonstrates the Squamish Nation's growing economic strength and its proactive approach to addressing social challenges. The Nation has increasingly been involved in diverse economic ventures, allowing it to reinvest in its community and improve the quality of life for its members.
The purchase of the International Plaza is anticipated to have a positive impact on the broader North Vancouver community as well. By providing stable housing options, the Squamish Nation is contributing to a more vibrant and inclusive neighborhood. The move is being lauded by housing advocates as a model for other Indigenous communities seeking to address housing shortages and promote self-determination. Details about the transition process for current tenants and the timeline for implementing the Squamish Nation's housing plan are expected to be released in the coming weeks.
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Politics