Planning & Development Priorities Presentation to the Vancouver Real Estate Forum April 25, 2018 Gil Kelley , GM Planning, Urban Design, & Sustainability
Today’s Presentation • Vancouver Statistics • Development Activity • Recent Plans • Housing Vancouver • Northeast False Creek • Cambie Corridor Phase 3 2
Vancouver Statistics 3
Vancouver Continues to Grow (2011-2016 Census) 4
Vancouver Continues to Grow (1971-2016 Census) City of Vancouver Population 1971-2016 700,000 631,486 603,502 578,041 600,000 545,671 514,008 471,844 500,000 432,385 426,260 414,280 409,734 400,000 300,000 200,000 100,000 0 1971 1976 1981 1986 1991 1996 2001 2006 2011 2016 Year 5
Density is Highest in the Core People/ha 1290 0 6
Vancouver has a High Share of Rental Housing Starts New rental supply in Vancouver Vs Metro Vancouver in the last decade 26% of ALL housing starts 56% of RENTAL in Metro housing starts in and Vancouver Metro Vancouver are located in are located in the the City of City of Vancouver Vancouver 7
Over 50% of Households are Rented % of rental households declined between 1996 and 2016 • BUT % of rental households increased 2011-2016 • 8
Development and Rezoning Activity 9
Development Activity has Surged over 5 Years 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. 10
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 of non- market housing approvals on record since the 1950’s.
The City is Expediting Affordable Housing SHORT Pilot Status Over 2,600 units active in the pilot • Times To Date ~400 units under construction • Target Median Complex and pre-pilot projects RZ 28 wks 35 wks • adding time to RZ’s DP 12 wks 12.9 wks Median DP time = 12.9 weeks • BP S1 6 wks 3.7 wks Case Study Target Actual Delta RZ 28 wks 24 wks -4 wks DP 12 wks 11 wks -1 wks BP S1 6 wks WIP Roddan Lodge & Evelyn Saller Centre 213 affordable rental units Bombardier 12
The City is Streamlining Low-Density Housing Service Level Agreements 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 • Bombardier 13
Rezoning Volumes have Increased 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. 14
Upcoming Commercial Developments 400 W Georgia 102 E 4th Avenue Ground-level commercial space • Ground-level light industrial • 23 storeys of office • 7 storeys of office/digital and • technology uses 15
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 18
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 10-Year Housing Targets (2018-2027) 17% 5,200 1,600 2,000 3,000 200 12,000 2,500 12,000 5,500 20,000 28% 42% 6,500 16,500 7,000 30,000 2,000 2,000 4,000 5% 300 700 1,000 1% 7% 1,700 3,300 5,000 5,200 1,600 4,500 23,500 26,200 11,000 72,000 100% 7% 2% 6% 33% 37% 15% 100%
Northeast False Creek
Cambie Corridor Phase 3 Plan Highlights New housing types, 2,800 social housing Complete street design • • • accommodating an units on major arterials additional 45,800- • 400 below-market units • New public spaces, 51,500 new residents 5,000 secured market streets, connections • by 2041 rental units 7,400 townhouse units • New urban core Site-specific policy $687 million over first • • • with variety of direction for 10 years (parks, housing, jobs and amenities including plazas, public amenities childcare, open realm, Oakridge 985,600 ft 2 of space, and Civic Centre, social • commercial space affordable housing housing) Over 3,000 jobs (in Long term: 1,080 • • addition to 3,000 additional childcare jobs at Oakridge spaces, new VPL Centre) branch, seniors’ centre, social housing
Thank You 23
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