Vancouver to consider densifying over the next decade
Posted November 27, 2017 11:45 pm.
This article is more than 5 years old.
VANCOUVER (NEWS 1130) – “Renters are uncertain if they can afford to live in Vancouver for the near future.” That’s a line from a report going before city council Tuesday that sets out a plan for increasing housing density.
The report plans to build 72,000 new units over the next decade.
If you were hoping rental prices would simmer down to levels from a few years ago, you might be out of luck.
Targets for affordable housing would range from $950 for a studio apartment (based on an income of $38,000/yr) to $1,200 for a one bedroom ($48,000 y/r), $1,600 for a two bedroom ($64,000 y/r) , and $2,000 for a three bedroom (assuming you make $80,000 a year).
The report proposes diversity among homes, which includes low and mid-rise apartments, townhouses, and laneway homes.
“Major transit hubs” like the Broadway Corridor, Olympic Village, 29th Avenue, and Nanaimo Station will be the main areas seeing these types of homes being built
While planning is underway, the city’s GM of Planning, Urban Design and Sustainability mentions that there will still be further consultation with the public along the way.
Council meets at City Hall at 9:30 a.m.
