A new Metro Vancouver report offers a mixed outlook — from hopeful to bleak — on how the region is faring in its housing objectives.

While construction of purpose-built rentals is at an “historic high,” most units are being rented out at market or premium rates, “leaving affordability gaps.”

While all levels of government have taken meaningful steps to increase housing supply, the condo market has cooled and some segments of the market have slowed substantially, resulting in stalled projects. High construction costs and “permitting volatility” are some of the reasons cited.

“Senior governments have introduced major measures to influence housing demand and supply, which have had implications for municipal decision-making and financial capacity,” the report states . “These changes have

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