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From 2010 to 2019, 57% (57%!) of new residential floor area built in Vancouver was built as single-family homes. At the current pace and under current policy, we have an implicit target to build about 1,300 new homes every year for people making $270k+.
We put up all sorts of barriers and expensive restrictions for multi-family homes, but single-family homes get a "go straight to go" card and don& #39;t need to go to a public hearing or seek Council approval.
And since we are really committed to this target, we go the extra mile and subsidize single-family homes by giving them a break on development fees---fees for new apartments are ~4x what we ask new single-family homes to contribute.
Vancouver is planning to fast-track and subsidize 13,000 homes for the 1% over the next ten years. On what grounds is this defensible policy?
Staff& #39;s report is here: https://vancouver.ca/files/cov/memo-housing-policy-recalibrating-housing-vancouver-targets.pdf">https://vancouver.ca/files/cov...
How big of a problem is this? Since 1985, @vb_jens says we& #39;ve replaced ~24,000 older, smaller, more affordable SFH with newer, bigger, more expensive SFH. Imagine if these had been replaced with 4x/8x/12x as many homes in a mix of social/supportive, market rental, and strata.
Worried about pace of change, or losing green space, or more windfalls to already-windfalled homeowners? Me too. How about a zero-net loss of green space provision combined with @TomDavidoff & #39;s auction, in which home builders pay for the rights to a set # of new upzoned lots?
