City Forging Ahead on Housing Supply; 1225 New Homes Approved This Week

Council has approved rezonings to facilitate nearly 1000 new homes this week, includingmore than 200 new rental apartments, and a major project at South East Marine Drive and Fraser Street that will deliver 368 homes and 37 new childcare spaces. Also approved for rezoning was Japanese architecht Kengo Kuma’s 43 storey carved tower at Alberni and Cardero.

“Vancouver is leading Metro Vancouver in housing supply, providing over half of all rentals and 20 per cent of overall housing in the region,” says Mayor Gregor Robertson. “Vancouver’s economy is booming and as we grow, we want to make sure families have a diversity of housing options to put down roots in the city. As Vancouver grapples with affordability and rental housing crises, the City is doing everything it can to tackle it head on. We will continue to pursue all tools and options available to get more housing built and to market as quickly as possible.”

New projects approved include:

  • 725 – 747 South East Marine Drive (at Fraser): mixed use building with 368 homes (43% family-oriented units), 37 childcare spaces, a new neighbourhood house annex.
  • 1550 Alberni Street (at Cardero): 43 storey mixed use building with approximately 188 homes, 88% of which are family-oriented units.
  • 512 W. King Edward (at Cambie): 6 storey residential with 50 secured market rental homes.
  • 3595 Kingsway (Oddfellows Manor): 6 storey mixed use building with 44 rentals for seniors and 117 rental homes.
  • 2395-2469 Kingsway (at Nanaimo): 12 storey mixed use building and 4 storey mixed use building with 122 new homes.
  • 2894 East Broadway (at Renfrew): 5 storey mixed use building with 37 rental homes.
  • 305 W.41st Avenue – Oakridge United Church: 6 storey mixed building with 49 homes and a replacement church space.

The City’s Affordable Housing Agency also announced this week it will be building 250 new affordable rental homes geared toward families on City-owned land in South Vancouver.

Since 2011, the City has enabled 12,000 new affordable homes and has taken a number of steps to increase housing options and support affordability:

  • Pursing an Empty Homes Tax to bring some of the 10,800 long-term empty homes back into the rental market;
  • Regulating short-term rentals to protect long term rental supply;
  • Increased the family housing requirement in new buildings to 35% (up from 25%);
  • Pursuing temporary modular housing on city-owned sites for affordable housing;
  • Increasing lowrise townhomes and stacked rowhouses through the Cambie Corridor and Marpole Community plans;
  • Approving an Affordable Home Ownership pilot program, the first of its kind in Vancouver;
  • Expanding opportunities for laneway homes into all residential neighborhoods across the city.