Located at 296 Angela Drive in Port Moody, BC, The Creek affordable rental housing project is now underway, thanks in part to a combined investment of $200 million from the provincial and federal governments.
The Creek is the first phase of a much larger, multi-phase development called Portwood, which will be Port Moody’s first master-planned community since 2004. The redevelopment will take place over the next 15 to 20 years, transforming the site into a vast, mixed-use development with innovative mix of housing, two new city parks, childcare spaces, and retail stores.
The Creek—a partnership between the federal government, the province of BC, EDGAR Development, the City of Port Moody, M’akola Housing Society, and Entre Nous Femmes Housing Society—will be operated by M’akola Housing Society in partnership with Entre Nous Femmes Housing Society. BC Housing, through the Provincial Rental Housing Corporation, will own the apartments and will lease them to M’akola for a nominal fee over a 60-year term.
“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, BC Minister of Housing. “We know that high costs of housing are currently 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 will include three six-storey apartment buildings with one-, two- and three-bedroom homes. Sixty-six of these homes will be fully accessible and 166 will be adaptable for future accessibility needs. Rental rates will be determined closer to the opening of the buildings; however, the government maintains they will be offered at below-market rates.
“The peace of mind that comes with having a secure and stable home is invaluable,” said Ken Hardie, Member of Parliament for Fleetwood-Port Kells. “This is why the federal government is glad to support the creation of these 328 new units, which will provide families, seniors and Indigenous peoples in Port Moody with affordable and quality housing. Everyone deserves a safe place to call home, and through the National Housing Strategy, we are committed to making that a reality for all Canadians.”
Completion of The Creek is expected in late 2026. Residents will be selected through the M’akola Housing Society and Entre Nous Femmes Housing Society’s application process in unison with the BC Housing Registry.
Click here for more info and renderings of the Portwood project: Portwood | Edgar (edgardevelopment.com)
