The Vancouver City Planning Commission recognizes that there is a severe shortage of market rental housing in the city. As a result, there is an urgent need to increase the supply and decrease the cost of rental housing. With this in mind, we are exploring how to increase market rental housing in the Vancouver. Our work will be guided by the following core assumptions:
- We need more people to work and live in the city.
- All development must continue to be environmentally sustainable and encourage design innovations.
- Market rental housing supply should be considered a ‘public benefit.’
- We must reduce work trips by motor vehicles — and increase the work trips by public transport, bicycling and walking — by focusing on transit-oriented Development (TOD).
- Developing and implementing new policies and programs on market rental housing should not have to wait for EcoDensity to take full flight.
- These new policies should be developed without requiring more bureaucracy.
- These policies should not be exclusively dependent upon federal and provincial government programs or help.
- There is an urgent need to develop policies and programs which cut down on ‘processing time’ and ‘processing costs.’
- All neighbourhoods should share this growth neutrally. There should not be any ‘dumping’ in any particular parts of the city.