Rental data shows some municipalities not pulling their weight on new units, analyst says
“Most of that really is lining up the incentives properly. In general, the way this works in most of Metro Vancouver is development really only happens if municipalities allow it specifically. Zoning is such that very few things get built outright, so you need special incentives …. and condo usually outbids rental.
“For example, there are currently almost 1,200 affordable rental units and another 1,200 purpose built rental units approved by Council or under construction in Richmond that are not reflected in the report,” city spokesperson Clay Adams said in an email.The Township of Langley did not respond to a request for comment, while Port Coquitlam said the statistics reflect building permit work during the pandemic, and that a new mix of rental housing is in the works.
“Really there’s a bit of a lag this year. We’ve seen a record number of development projects … 75 per cent faster than we were going just five years ago,” Port Coquitlam director of development services Bruce Irvine said. Burnaby, meanwhile, said it has made major housing policy changes in the last three years expected to bring more than 12,000 units of both market and non-market rental online in the next few years.
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