Boasting over a thousand units, ranging over a million square feet, the Village was able to accommodate over 2,800 athletes, coaches, and officials for the 2010 Winter Olympics.

Today, the Village is a mixed-use community, with approximately 1,100 residential units, area parks, and various retail and service outlets.

[4] The site, a former industrial area which mostly consisted of parking lots, is located on the shoreline at the southeast corner of False Creek, north of First Avenue between Ontario and Columbia Streets.

Boasting over a thousand units, ranging over a million square feet, the Village was able to accommodate over 2,800 athletes, coaches, and officials for the 2010 Winter Olympics.

[2][10] Residents released video documenting problems with their units, including water pouring out of light fixtures, heat not working, cracks in ceilings, hardwood floors bubbling from moisture and bedrooms too small to fit a bed.

“That ran for three minutes and everybody thought that the whole village was like that.” [12] In September 2007, a three-way deal was struck to complete the village with minimal public money: the developer, Millennium Developments, would build the project and sell the units as condominiums, borrowing funds from New York-based investment firm Fortress Investment Group, with the City of Vancouver acting as guarantor, leasing the land to Millennium until the games were complete.

[13][14] Amid high supply and labour costs, slow condo sales, and the ongoing U.S. subprime mortgage crisis, Fortress halted its funds in September 2008,[15] leaving Millennium in "anticipatory default".

[15] With time running out, mayor Gregor Robertson made a request to the provincial government to amend the Vancouver Charter to allow the city to borrow extra funds, asserting that losses would be mitigated by rising property values.

[22] In November 2010, seven months after the successful completion of the games, the village's holding company and the City of Vancouver agreed to place the property into voluntary receivership.

[29] After IOC president Jacques Rogge discussed the issue with John Coates, chief of the AOC, it was confirmed that the flag could remain at the Olympic Village.

[31] Following the Olympics, the Village became a mixed-use community with approximately 1,100 residential units, area parks, and various retail and service outlets.

Formerly an industrial site, Millennium Water Olympic Village was the catalyst for the revitalization of the surrounding False Creek neighbourhood and is a testament to the innovation, hard work and community spirit of the Malekyazdi family and hundreds of men and women who helped make this vision a reality.