Stats-and-numbers guy Andy Coupland does a backgrounder on The Grand Bargain and what Vancouverites (City and Metro) should know about this town.
Can the city or the region build itself out of the current ‘housing crisis’? The proportion of rental households actually went up in Vancouver between the 2011 and 2016 censuses (and in the rest of Metro too, although with a lower overall proportion renting). The past five years have seen over 33,000 starts in the city – the past four years have seen over 28,000.
But for the city to achieve an average 8,500 new units a year (the target the mayor has mentioned) would mean moving away from the caution we generally see.* Perhaps it won’t be as difficult as it seems. It was a bit surprising that there wasn’t pushback when Wall built a huge complex on Boundary Road, quite a way from the SkyTrain. That was the most extreme example (in Vancouver) of a street of modest houses replaced by over 1,000 condos in 32 floor buildings.
The take-up of the Cambie Plan also shows a different approach – not so much the six-storey buildings along Cambie already mentioned but the more recent additions. The City now has a method to fast-track rezoning for 1.4 FSR townhouses. One existing house can become six or even eight units, half of them 3-bed family-sized. There are already 32 projects as current rezonings – all but two approved in the past year. There are nine other sites already at Development Permit stage, and they represent 341 townhouses – which for Vancouver is a huge change. The same sort of thing is happening in Marpole and Grandview Woodland, as those plans took the same forms and density.
That will be another way in which Vancouver will continue to grow in ways other municipalities don’t, because there’s actually a lot of change happening in some of Vancouver’s single-family neighbourhoods, which really isn’t the case in other municipalities. It would be interesting to know who is buying them. The family homes generally cost well over $1 million each – so more affordable than most existing Vancouver houses, but still a pretty steep haul to finance as a young couple.Read more »