Planning & Development Priorities Presentation to the Vancouver - - PowerPoint PPT Presentation

Planning & Development Priorities Presentation to the Vancouver Real Estate Forum

April 25, 2018

Gil Kelley, GM Planning, Urban Design, & Sustainability

Today’s Presentation

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• Vancouver Statistics
• Development Activity
• Recent Plans
• Housing Vancouver
• Northeast False Creek
• Cambie Corridor Phase 3

Vancouver Statistics

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Vancouver Continues to Grow (2011-2016 Census)

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Vancouver Continues to Grow (1971-2016 Census)

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426,260 409,734 414,280 432,385 471,844 514,008 545,671 578,041 603,502 631,486

100,000 200,000 300,000 400,000 500,000 600,000 700,000 1971 1976 1981 1986 1991 1996 2001 2006 2011 2016 Year

City of Vancouver Population 1971-2016

Density is Highest in the Core

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1290 People/ha

Vancouver has a High Share of Rental Housing Starts

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26% of ALL housing starts in Metro Vancouver are located in the City of Vancouver 56% of RENTAL housing starts in Metro Vancouver are located in the City of Vancouver

and

New rental supply in Vancouver Vs Metro Vancouver in the last decade

Over 50% of Households are Rented

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• % of rental households declined between 1996 and 2016
• BUT % of rental households increased 2011-2016

Development and Rezoning Activity

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Development Activity has Surged over 5 Years

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Development volumes in 2017 were lower than forecasted due to a significant reduction in applications in Q4 (22% lower than Q4 2016). Despite that, annual volumes remained in the same range as the previous 5 years. The first quarter of 2018 shows 3% higher volumes than the first quarter of last year, and the jump in rezoning applications in 2017 indicates permit volumes will remain high or further increase.

Affordable Housing Approvals have Increased

The supply of non-market housing jumped significantly from 2016 to 2017, representing about a 170% increase from 2009 and the single highest year

• f non-market housing approvals on record since the 1950’s.

Bombardier

The City is Expediting Affordable Housing

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SHORT Pilot Status

• Over 2,600 units active in the pilot
• ~400 units under construction
• Complex and pre-pilot projects

adding time to RZ’s

• Median DP time = 12.9 weeks

Roddan Lodge & Evelyn Saller Centre 213 affordable rental units

Target Actual Delta RZ 28 wks 24 wks

• 4 wks

DP 12 wks 11 wks

• 1 wks

BP S1 6 wks WIP

Times To Date Target Median RZ 28 wks 35 wks DP 12 wks 12.9 wks BP S1 6 wks 3.7 wks

Case Study

Bombardier

The City is Streamlining Low-Density Housing

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The City established new service level agreements to complete initial reviews and return applications to homebuilders in 8 weeks. Staff have seen significant improvements in the past year:

• Q1 2017, less than 9% of applications were being reviewed in under 12 weeks
• Q1 2018, 79% are being returned in 12 weeks, and 70% in 10 weeks

Service Level Agreements

Rezoning Volumes have Increased

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Rezoning inquiries and applications have continued to increase, more than doubling the historic average. The 2017 Rezoning Enquiries were 42% higher than forecasted, and the 2017 Rezoning Application actuals were15% higher than forecasted.

Upcoming Commercial Developments

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400 W Georgia

• Ground-level commercial space
• 23 storeys of office

102 E 4th Avenue

• Ground-level light industrial
• 7 storeys of office/digital and

technology uses

Simplifying Development Contributions

CACs/Density Bonusing

• Adding certainty by expanding use of pre-set contributions

✓ 2013 = 10% of projects; today: 50% ✓ New density bonus districts implemented in Joyce Collingwood and False Creek Flats in 2017 ✓ Cambie Corridor Plan: Over 90% of developable area will have pre-set contributions

• New CAC exemptions for rental
• New commercial linkage targets for non-residential projects
• Upcoming update on CAC policy

Simplifying Development Contributions. Cont’d

Development Cost Levy Updates

• DCL rates and allocations updated to reflect spending

priorities

• Collapsed DT South DCL Area into City-wide DCL
• Developing a new City-wide Utility DCL

Recent Plans

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Housing Vancouver Strategy

• Shift towards right

supply

by building more affordable housing and limiting speculative investment

• Protect our existing

affordable housing stock

for the future

• Increase support

and protection

for those who need it most

Housing Vancouver Strategy Housing Vancouver Targets Are Better Matched to Local Incomes

5,200 1,600 2,000 2,500 12,000 5,500 6,500 16,500 7,000 2,000 2,000 300 700 1,700 3,300 5,200 4,500 23,500 26,200 11,000 72,000

7% 2% 6% 33% 37% 100%

12,000 20,000 30,000 4,000 1,000 5,000

17% 28% 42% 5% 1% 7% 100%

3,000 200 1,600

15%

10-Year Housing Targets (2018-2027)

Northeast False Creek

Cambie Corridor Phase 3 Plan Highlights

• New housing types,

accommodating an additional 45,800- 51,500 new residents by 2041

• 2,800 social housing

units

• 400 below-market units
• 5,000 secured market

rental units

• 7,400 townhouse units
• Complete street design
• n major arterials
• New public spaces,

streets, connections

• New urban core

with variety of housing, jobs and amenities

• 985,600 ft2 of

commercial space

• Over 3,000 jobs (in

addition to 3,000 jobs at Oakridge Centre)

• Site-specific policy

direction for amenities including childcare, open space, and affordable housing

• $687 million over first

10 years (parks, plazas, public realm, Oakridge Civic Centre, social housing)

• Long term: 1,080

additional childcare spaces, new VPL branch, seniors’ centre, social housing

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Thank You