Housing Vancouver November 29, 2017 Vancouvers Share of Rental - - PowerPoint PPT Presentation

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Nov 24, 2022 35 likes •108 views

Housing Vancouver November 29, 2017 Vancouvers Share of Rental Under Construction in the Region Graph 1: Inventory of Rental Units Under Construction As of October 2017, at Year End: City of Vancouver Vs. Rest of Region Metro Vancouver

SLIDE 1

Housing Vancouver

November 29, 2017

SLIDE 2

Vancouver’s Share of Rental Under Construction in the Region

41% 54% 56% 67% 44% 57% 66% 47% 38% 46% 44% 59% 46% 44% 33% 56% 43% 34% 53% 62% 54% 56% 1171 units

1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 (Oct. YTD)

Graph 1: Inventory of Rental Units Under Construction at Year End: City of Vancouver Vs. Rest of Region (2007-2016)

Rest of Region Vancouver Average (2007-2016)

As of October 2017, Metro Vancouver has 7,484 rental units under construction in apartment and row house forms. 3,414

f these units (44%)

are located in the City of Vancouver

SLIDE 3

Change in Total Number of Purpose Built Rental Housing Units in Metro Vancouver (2010 – 2017)

SLIDE 4

38,900 units 72,000 units

Housing and Homelessness Target (2012-2021) Housing Vancouver Target (2018-2027)

Overall 10-Year Targets for New Housing

Comparison to the 2011 Housing and Homelessness Strategy Targets

32

SLIDE 5

Progress Towards Housing and Homelessness Targets (2012 -2021) as of Q3. September 30, 2017

Housing Targets Current number of units 10-year target for number of units (2021) Percentage of 10- year Target (2021) Social Housing 2,940 5,000 59% Supportive Housing 1,700 2,900 59% Secured Market Rental 7,030 5,000 141% Suites and Laneways 5,360 6,000 89%

SLIDE 6

Number of Units that the City is Approving and How that Translates into Housing Starts

3774 4554 5639 5292 2929 7521 6693 5528

1000 2000 3000 4000 5000 6000 7000 8000

2010 2011 2012 2013 2014 2015 2016 2017 (Oct YTD)

Units

CoV Building Permits By Units 7 Year Average (2010-2016)

CoV Building Permits Issued from 2010 to 2017 (Oct. YTD)

SLIDE 7

Property Transfer Transactions in The City of Vancouver Jan-Oct. 2017:

Foreign Involvement Transactions Vs. Local/Canadian Citizen Involvement Transactions

$726,740,754 4% Foreign Involvement Transactions Local/Canadian Citizen Transactions

$16,439,967,576 96%

Source: Province of BC