Even back in 2007 when the housing crisis was only just starting to become noticible and we didn't yet have a full blown fentanyl crisis people that worked closely in low income communities were hitting the panic button about the implications of the destruction of existing SROs and other low income housing. Despite occasionally building new social housing buildings, the pace of destruction of existing affordable housing was so great that the city was net losing housing that low income people could afford.
https://thetyee.ca/News/2007/07/10/SRO-Losses/
> “The City of Vancouver has finally acknowledged that we are losing more low-income housing than we are building, and that vacancy rates are functionally zero,” said housing activist David Eby, of Pivot Legal Society.
(Irony here is that the activist quoted here, David Eby, is now Premier of the Province. Has he built a remarkable amount of low income housing? Nope!)