Everything you need to know about a new rental option in South Vancouver

Finding a rental that fits your budget in Vancouver today often means compromise. Many people find themselves in a grey area: not eligible for supportive housing but unable to afford market-rate rentals. And even when they find something, they’re sacrificing on experience with fewer amenities and a different level of care.

Now, there’s an alternative rental option in South Vancouver — Qualified Homes at The Cascades, which is now accepting applications.

The Cascades is a community of both market and Qualified Homes, meaning they’re available to individuals and households whose combined annual income falls within the eligibility thresholds set at move-in.

The Cascades is also just steps away from the Marine Drive Canada Line Station, putting you close to downtown, the airport, and everything South Vancouver has to offer. And once you’re in, residents will have access to amenities most renters pay extra for already built into the building.

So what exactly does life look like at The Cascades when renting a Qualified Home? Here’s everything you need to know.

Who is eligible for Qualified Homes?

The Cascades by Chard

First things first: What are the eligibility requirements for Qualified Homes? The Cascades has studio- to three-bedroom units available, ranging in rent from $1,960 to $3,614 a month. Eligibility is based on combined gross annual worldwide household income, which must be no more than four times the annual rent at the time of application.

For example, you can qualify for a studio if your household income is less than $94,080 per year. And, if you’re a recent grad earning $60,000 annually and living alone, you qualify!

But if you were to live with a partner who also earns $60,000 annually, your combined income would be $120,000, which is too high for a studio, so you’d need to apply for a two-bedroom, where the household income can be up to $127,056 a year.

In addition to meeting the income thresholds, you must be a Canadian citizen, permanent resident, or have refugee status, and have been a resident of British Columbia for the past 12 months.

How do I apply?

So, you meet the requirements. Now what? Once you’ve confirmed your eligibility, you can book a virtual leasing tour to decide if The Cascades is right for you. You’ll also need to gather supporting documents, including proof of income for all occupants (three consecutive pay stubs and your most recent tax return), three consecutive bank statements, disclosure of any assets, and other standard documents. The Cascades leasing team is available seven days a week to answer any questions. 

When you’re ready, apply online for your preferred unit type. Once you’re approved and sign the lease, The Cascades team will re-verify your household income at least every five years.

Do these Homes come with any amenities?

The Cascades by Chard

Qualified Homes don’t mean you have to sacrifice on experiences or amenities. The Cascades and all of its shared spaces were designed with intention because renters shouldn’t have to pay separately for what makes life feel full. 

The Cascades is a complete and inclusive community where every resident has access to the same amenities, finishes, and quality.

For example, The Summit isn’t just a gym. It’s got strength and cardio equipment, dedicated stretching spaces, a sauna and a steam room. The rooftop lounge isn’t just a terrace; it’s a chef’s kitchen with skyline views.

The Cascades by Chard

The sports court, pet washing station, co-working space and karaoke lounge aren’t just afterthoughts. They’re built in to help you be part of a community. Best of all, everything is available to residents, whether in a Qualified Home or market home.

Every home at The Cascades includes in-suite laundry and is built to a quality standard: durable finishes, thoughtful details, and smart-home technology like integrated heating and air conditioning. It’s the same standard whether you’re in a Qualified Home or a market-rate unit.

What’s the neighbourhood like?

The Cascades by Chard

The Cascades is located adjacent to the Marine Drive Canada Line Station, putting Downtown Vancouver just 15 minutes away and YVR Airport five minutes away. With a walk score of 90, you might not even need public transit!

A public plaza connects Marine Drive to West 70th Avenue, making The Cascades a genuine neighbourhood anchor rather than just a rental building. That connection is reinforced by over 17,000 square feet of community serving retail

Can you picture your life in The Cascades? Qualified Homes at The Cascades have limited availability, with only studio and one-bedroom homes left. Visit the website to find out if you qualify, and don’t miss your chance to rent one of these highly sought-after Qualified Homes before they’re gone.