Seventy-one new rental homes have opened at 315 Alderson Avenue in Coquitlam, providing a mix of provincially secured affordable-market units and below-market homes operated by Lookout Housing and Health Society.
Partnership delivers a mix of secured and below-market units
The six-storey building, part of Anthem Properties’ SOCO master-planned community, contains 71 units in total. BC Housing has secured 40 homes in the newly built development from Anthem for use as affordable market rental housing, while Lookout owns and will operate the remaining 31 units, which are being offered at below-market rents.
- Location: 315 Alderson Avenue, next to Hanin Village shopping area
- Transit: Approximately a 10-minute walk to Lougheed SkyTrain station
- Development: Six-storey building within SOCO community; four buildings of the planned eight are complete
“Coquitlam is a growing community, and we want to make sure that the people who want to stay and live there have the choice to do so,”
said Christine Boyle, Minister of Housing and Municipal Affairs, at an event on Thursday. The provincial representative framed the project as part of a broader strategy to deliver homes more quickly through partnerships with local housing providers and the private sector.
Amenities and neighbourhood context
The building offers residents access to amenities intended to support community connection, including a fitness centre, common gathering spaces, a rooftop outdoor area and landscaped outdoor spaces. The SOCO master plan envisions a total of eight buildings combining market and affordable homes, along with retail and daycare services; four of those buildings are already complete.
| Feature | Details |
|---|---|
| Total units | 71 |
| BC Housing-secured units | 40 (affordable market rentals) |
| Lookout-owned units | 31 (below-market rents) |
Jennifer Whiteside, MLA for New Westminster–Coquitlam, said the new homes will help provide greater stability for families, seniors and individuals as the city grows. A tenant who moved into the building described feeling secure in her new home and praised onsite staff for their care.
Implications for Coquitlam residents
For Coquitlam residents, the project represents both an immediate increase in rental supply and a test of the partnership model between the province, housing providers and private developers. The location—close to retail services and transit—addresses common priorities for renters seeking stability without sacrificing access to jobs and amenities.
As the Tri-City region continues to expand, similar projects will likely draw scrutiny over how many units are delivered as truly affordable, how they are integrated with market housing, and how well services and supports are matched to resident needs. For now, 71 households can count on a new place in Coquitlam to call home.
