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  #361  
Old Posted Jul 31, 2024, 2:13 AM
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^ Awesome. The NDP are not joking around. They understand how serious the housing problem is in BC, and how much worse it could get if we don't take drastic action now.
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  #362  
Old Posted Aug 1, 2024, 12:59 AM
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Originally Posted by giallo View Post
Worst housing crisis in the province's history requiring an all-hands-on-deck approach.

West Van councillors: We don't care
Something tells me this councillor wouldn't have been so grumpy about "unelected premiers" if Christy Clark tried something similar between 2011 and 2013.

But either way: tell us you don't understand Westminster government without actually telling us you don't understand it, councillor. We don't elect premiers.
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  #363  
Old Posted Aug 1, 2024, 2:41 AM
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  #364  
Old Posted Aug 3, 2024, 5:55 PM
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...and so it continues...

B.C. hits Township of Langley with deadline to approve density near SkyTrain site

Quote:
The B.C. government is calling out another municipality over what it says are delays in approving new density requirements near transit hubs.

This time the target is the Township of Langley, which the province has given until Oct. 31 to greenlight a new Transit-Oriented Density (TOD) zone around the site of the future Willowbrook SkyTrain Station.

...

The warning is getting a cool reception in the municipality, with Mayor Eric Woodward arguing the province has failed to appreciate Langley’s unique circumstances.

“These things may be needed in Vancouver where we have seen single-family homes surrounding SkyTrain stations for 30 years, but that’s not the situation here,” Woodward said.

“We do have a significant infrastructure deficit we are trying to catch up on with so much growth.”

Woodward said the township was already scheduled to update its Willowbrook community plan starting in 2025, but it’s a process the province’s mandate will compromise.

He added that with the SkyTrain not scheduled for completion until at least 2028, the new density is premature.

“I’d like to confirm with the minister SkyTrain on track and on budget to be completed by that timeline. I don’t sense the urgency to do this,” he said.

In a separate letter to the municipality, Housing Minister Ravi Kahlon denied Langley Township’s application for an extension on new laws requiring small-scale multi-unit housing on single-family lots.

...
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  #365  
Old Posted Aug 3, 2024, 6:13 PM
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A few days ago the Province announced the first set of new housing targets to build within 5 years for 10 municipalities, three within Metro Vancouver.

New Westminster has the highest overall at 4,432 homes, Port Coquitlam gets 2,279, and City of Langley at 1,844.
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  #366  
Old Posted Aug 3, 2024, 9:52 PM
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Originally Posted by madog222 View Post
A few days ago the Province announced the first set of new housing targets to build within 5 years for 10 municipalities, three within Metro Vancouver.

New Westminster has the highest overall at 4,432 homes, Port Coquitlam gets 2,279, and City of Langley at 1,844.

I'm guessing that's from here. A few blurbs from it:
Quote:
Just a month after announcing housing supply targets for the second cohort of local governments, the Province of British Columbia announced targets for the third group on Tuesday.

In late-April, the Province announced a group of 20 municipalities, but ultimately split them into two groups of 10, with differing reporting periods.

This third set of housing targets amounts to over 17,599 homes and represents a 58% increase in overall housing to be built when compared to historical trends, the Province says.

...

The first group consisted of Abbotsford, Delta, the District of North Vancouver, Kamloops, Oak Bay, Port Moody, Saanich, Vancouver, Victoria, and West Vancouver.

The second group then consisted of Central Saanich, Chilliwack, the City of North Vancouver, Esquimalt, Kelowna, Maple Ridge, Nanaimo, Sidney, Surrey, and White Rock.

...
The third full group is Colwood, Langley (City), Mission, New Westminster, North Cowichan, North Saanich, Port Coquitlam, Prince George, View Royal and West Kelowna.
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  #367  
Old Posted Aug 3, 2024, 10:01 PM
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Nearly 90% of B.C. communities have adopted small-scale multi-unit housing legislation
Updated on July 25, 2024

Quote:
Out of 188 local governments in B.C., 162 have adopted the small-scale multi-unit legislation by passing local bylaws, with another nine communities actively working to adopt the legislation.

...

Fifteen communities have requested a formal extension on adopting the legislation beyond the June 30, 2024, deadline. Those requests are being reviewed by the Province. Two communities, the District of Wells and the Northern Rockies Regional Municipality, have been granted an extension due to recent or current impacts of wildfire and evacuation orders.

...

The 15 communities are:

Coquitlam
Fraser Lake
Fraser Valley Regional District
Kitimat-Stikine Regional District
Nanaimo Regional District
City of North Vancouver
Osoyoos
Peace River Regional District
Sooke
Sun Peaks Mountain Resort Regional District


The following communities have been granted an extension due to recent or current impacts of wildfires and evacuation orders:

Northern Rockies Regional District
District of Wells


The following community has been granted an extension because it had existing infrastructure upgrades underway:

Greenwood


The following communities have not been granted an extension and will have 90 days from the date of the rejection letter to comply and implement updated bylaws:

Township of Langley
Mount Waddington Regional District


Some additional communities have passed the required bylaws and requested a partial extension to review infrastructure requirements for certain neighbourhoods within a municipal or regional district boundary. Those extensions are also being reviewed the Province.
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  #368  
Old Posted Aug 3, 2024, 10:06 PM
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Quote:
Originally Posted by Sheba View Post
I'm guessing that's from here. A few blurbs from it:


The third full group is Colwood, Langley (City), Mission, New Westminster, North Cowichan, North Saanich, Port Coquitlam, Prince George, View Royal and West Kelowna.
Yes, looking back the 2nd group was never posted/discuss here.

Storeys has a tracker for all three groups here. https://storeys.com/bc-housing-suppl...gress-tracker/



Five year targets for Metro Vancouver Municipalities in all three groups:

Vancouver: 28,900
Surrey: 27,256
New Westminster: 4,432
Maple Ridge: 3,954
Delta: 3,607
North Vancouver, City: 3,320
North Vancouver, District: 2,838
Port Coquitlam: 2,279
Langley, City: 1,844
Port Moody: 1,694
West Vancouver: 1,432
White Rock: 1,067
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  #369  
Old Posted Aug 3, 2024, 11:18 PM
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We need the transit budget increased accordingly. Population growth + no mobility = more drivers.
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  #370  
Old Posted Aug 4, 2024, 6:06 AM
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Originally Posted by Migrant_Coconut View Post
We need the transit budget increased accordingly. Population growth + no mobility = more drivers.
More appropriate for discussion on the Transit thread.

You must have already seen the operational financial crisis that's looming at Translink. Although ridership is over 90% of pre pandemic levels, fare revenue hasn't recovered as well because more riders are paying for individual trips rather than buying transit passes, (presumably because they're working at home some of the time). Gas tax revenue is also down as EVs become ever more popular, and some workers who drive an ICE vehicle to work are also working from home some of the time. The Province propped up the finances on a temporary basis, but that runs out next year. And there's little certainty of any federal funding, even for future investment, and certainly not for operating expenses.

There wouldn't seem to be any easy ways of increasing revenue to fund transit which won't cause a significant backlash, or be politically unacceptable. (Or totally self defeating, like raising fares enough to make a difference to the revenue shortfall, which just means some riders stop using transit.)
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  #371  
Old Posted Aug 9, 2024, 7:30 PM
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"“When they come for my building to build one of these, I’ll be forced to leave the city. And at those rents, I won’t be back.”"

Sounds like is son is woefully uninformed as well, which is sad because Brian knowns everything.
Actually sounds more like 1807 Larch was a dismal failure if the goal was to provide affordable housing:

Confusion over high rents at publicly-funded building in Vancouver
Kerry Gold
Special to The Globe and Mail
Published August 2, 2024
For Subscribers

Three years ago, the B.C. government announced they’d partner with a private developer to bring a new apartment building to Kitsilano, in response to the affordability crisis.

“New affordable rental homes” were on the way, said the press release, which would replace a church at the corner of West 2nd Avenue and Larch Street.

Taxpayers subsidized 54 of the units in the building with a low-interest rate $31.8-million construction loan made available through the province.

It was part of the province’s HousingHub program – recently rolled into another program called BC Builds – requiring that 80 per cent of the building is devoted to middle-income households. According to the HousingHub scheme, developers must use their cost savings to keep rents in check.

But as the 68-unit building at 1807 Larch St. project nears completion, set for September occupancy, there is confusion about the definition of “affordable.”

The units are, in fact, at the high end of the current market rate, according to the recent rental rates on the building website. The 393-square-foot studios are being rented on a one-year lease at $2,650 to $2,750 monthly. A 517-square-foot unit rents for $3,275. A 589-square-foot, two-bedroom unit on the top floor with a large patio is available at $4,200 a month. There are 840-square-foot, two-bedrooms with two bathrooms renting at $4,300 monthly. For 10 years, the rents can’t go above market rate.

HousingHub is aimed at middle-income earners, or those households who bring in an average annual gross income of up to $191,910. That is based on a calculation by BC Housing on the 75th percentile of all household incomes in the province. Studios and one-bedroom units are for households without children with an income up to $131,950, and the two and three-bedrooms are for those with children who earn up to $191,910...

... “But when this announcement came out, I thought, ‘okay, that’s not a bad thing if we are going to have 80 per cent for middle-income affordable rentals,’” she says.

And then she recently looked up the rents and saw they far exceed existing rents in the area.

“I don’t know what planet they are on that calls that middle-income,” she said....

...The other issue is that the province’s definition of middle-income includes homeowners, which skews the income data. The median renter household income is $66,500, while the median household income for homeowners is $106,000, according to the census data. The city of Vancouver acknowledged this gap in a below-market rental housing report a year ago... (bold mine)


https://www.theglobeandmail.com/real...edium=referral
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  #372  
Old Posted Aug 9, 2024, 7:40 PM
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Sources: the neighbours who didn't want the building at all. Build ten more of them in the area and see if they still go for $6+/month per square foot.

Meanwhile in Austin:
Quote:
Austin apartments boomed and rents went down. Now, some builders are dismantling the cranes.

Link

Ben Schwertner won’t pay next month’s rent.

The 28-year-old from Lubbock isn’t forgoing payment out of protest or because he can’t afford it. He’s not paying because he doesn’t have to.

When Schwertner signed a lease for a one-bedroom apartment near the Austin airport earlier this year, the management company extended him a sweet deal: One month rent-free. It’s a tactic used by companies to fill apartments when they sit empty.

“I get to live in a space that felt previously out of my reach,” Schwertner, who works at the University of Texas, said. He pays $1,470 a month for an apartment with a bathtub separate from the shower, a luxury he never imagined he could afford. With March rent waived, he will pay closer to $1,350 a month over his yearlong lease.

When Ben Schwertner looked at renting an apartment in a complex near the airport in 2021, prices for a one-bedroom were around $1,700 a month, he said. Now, he’s renting a similar apartment for closer to $1,350 a month.

Austin has something it hasn’t had for years: a glut of new apartments. Fueled by a surge in migration to the city and low interest rates at the start of the pandemic, builders began turning soil on a dizzying number of new rental homes...
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  #373  
Old Posted Aug 9, 2024, 9:27 PM
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Originally Posted by Migrant_Coconut View Post
Sources: the neighbours who didn't want the building at all. Build ten more of them in the area and see if they still go for $6+/month per square foot.

Meanwhile in Austin:
Also meanwhile in Austin:

Plunging Home Prices, Fleeing Companies: Austin’s Glow Is Fading
-Oracle is moving to Nashville to be closer to health sector
-Austin suffering a slowdown in growth after pandemic boom
By Shelly Hagan and Amanda Albright
April 25, 2024 at 9:28 AM PDT

Oracle Corp. is moving its headquarters out of the city. Tesla Inc. is pulling back after a rapid expansion. Almost a quarter of commercial office space is vacant, and nowhere in the country have residential real estate prices fallen further from their pandemic peak.

Austin, the cosmic cowboy paradise that became a Covid-era economic superstar as it lured Elon Musk and a host of California refugees with its low taxes and sunny weather, had become accustomed to a steady drumbeat of good news. But lately that’s changed. And on Tuesday, Larry Ellison announced that his software company will shift its headquarters from the Texas capital to Nashville, Tennessee. It was a brief marriage — Oracle only arrived in Austin in 2020 — but getting jilted is never easy.

“City Hall was as surprised as everyone else,” Mayor Kirk Watson said in a statement.

But maybe he shouldn’t have been so shocked. Austin has been going so strong for so long that the tide was bound to turn.

After a 12-year streak as the fastest growing large metro area in the US, Austin lost that slot in 2023. An office glut has pushed the vacancy rate 5 percentage points higher than the US average, according to data from Colliers. Home prices have dropped 18% from the pandemic highs seen in May 2022, the most among the 50 largest US metro areas, Redfin data show. Even so, the city ranks as one of the least affordable housing markets....


https://www.bloomberg.com/news/artic...?sref=x4rjnz06
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  #374  
Old Posted Aug 9, 2024, 9:45 PM
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- snip -
Does that somehow invalidate "more housing = lower prices?" We've already got the "less demand" part with the foreign student/owner limits.
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  #375  
Old Posted Aug 16, 2024, 11:58 PM
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Watching Kahlon try to tap dance his way out of the Larch controversy is amusing:

B.C. Housing Minister defends project criticized as unaffordable
Kerry Gold
Vancouver
Special to The Globe and Mail
Published 8 hours ago
For Subscribers

New, so-called affordable, housing built with public funds is neither affordable nor livable, critics say. The rents are too high and the units are too small.

They take issue with the recently completed 68-unit apartment building at 1807 Larch St., in Vancouver, which was given development fee waivers and extra density allowances by the city and financing by the province in exchange for affordable housing. But when the rents were posted for the completed building in the spring, they revealed highly unaffordable market-rate rents at nearly $7 a square foot – about $2,700 a month for a 393-square-foot studio. By comparison, downtown rents in a new building are around $5.50 a square foot....

...Mr. Kahlon preferred to focus on the 14 below-market-rate units in the building that were required through the city of Vancouver’s Moderate Income Rental Housing Pilot Program, which offered the developer a waiver on city fees as well as extra density in exchange for 100 per cent rental with 20 per cent of the floor area devoted to below-market units. Despite those incentives, at some point the developer applied to the province for the lower-rate financing as well....

....The city’s approval process for the 14 below-market units on Larch didn’t require provincial financing. That was obtained by the developer separately, according to the city.

“However, it’s important to note there have been significant changes to the market since this project was approved,” said Doug Smith, deputy general manager, planning, urban design and sustainability for the city.

Originally, the city had set the below-market rents for the 14 units at $950 for a studio and $1,200 for a one-bedroom unit. A two-bedroom unit would rent at $1,600 and a three-bedroom at $2,000. The idea was to serve incomes between $38,000 and $80,000.

Like the market rate rents, the new below-market rents are also much higher, from $1,223 for a studio to $2,395 for a three-bedroom, serving incomes from $58,704 to $114,960, according to the website for the apartment building....

...nobody expected that 54 of the 68 units would be at the ultra-high end of the market rate, especially when the province had announced that middle-income affordability was the goal. A BC Housing official explained to the Globe and Mail recently that the intention had never been affordability, but more market-rate housing supply

...“When you see how the rents have increased in these projects from the day they are approved by the city and announced by the province, to the day they actually start renting, that immediately signals to other developers that they don’t need to worry about committing to these rather low rent levels because you will be able to adjust them later on if you have to – and I am speaking from first-hand experience,” said Mr. Geller.

“The below-market units are the raison d’être for approving all these towers.”

His other concern is the livability of the units. He’s studied the floor plans of the new building on Larch.

“People are so seduced by the thought of getting these 20 per cent below market units, they aren’t even looking at the plans. The bedrooms at the Larch project are so small there isn’t even room to walk around the bed.”

Former city planner Sandy James takes issue with some of the below-market units located at the basement level, facing an alley....


https://www.theglobeandmail.com/real...-unaffordable/
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  #376  
Old Posted Aug 17, 2024, 2:09 AM
BaddieB BaddieB is offline
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This is just a nothingburger. $1200 for a studio in Kits is like half the market price.
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  #377  
Old Posted Aug 17, 2024, 3:30 PM
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Originally Posted by BaddieB View Post
This is just a nothingburger. $1200 for a studio in Kits is like half the market price.
Or even closer to a third.
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  #378  
Old Posted Aug 17, 2024, 4:12 PM
dreambrother808 dreambrother808 is offline
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Originally Posted by BaddieB View Post
This is just a nothingburger. $1200 for a studio in Kits is like half the market price.
Yes, it would still be too much for a low income earner but this is targeted toward middle incomes. My co-op is middle income with a higher monthly housing charge and no one claims it is too high. It would only be unaffordable if you lost your job or incurred a similar economic hardship. You are screened by income when you apply to ensure you can afford it and also to weed out anyone who could afford more.
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  #379  
Old Posted Aug 17, 2024, 4:46 PM
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Originally Posted by whatnext View Post
Watching Kahlon try to tap dance his way out of the Larch controversy is amusing:

B.C. Housing Minister defends project criticized as unaffordable
Kerry Gold, Vancouver, Special to The Globe and Mail
Rant incoming, but I honestly don't see the problem. 1807 Larch exists thanks to MIRHPP, which, though limited in scope, has spurred the construction of more market-rate and BMR housing than had it not existed at all. This particular project targets moderate/middle incomes, as it should. Rents have increased alongside inflation between 2019 and 2024, so targeted rents from the start of the project are understandably no longer economical. But the new rents aren't unreasonable against household incomes from MIRHPP.

I would also point out that average market rents have increased across the board, precisely because we still have not gotten a handle on the housing crisis and supply and vacancy remain low... not because this one project somehow got out of control. The criticism of the rent rates in this building is being looked at from the wrong side. As a reminder, the CoV's 10-year housing targets from 2018-2027 aimed for 20,000 purpose-built rental units for household incomes between $30,000 and $150,000 per year. So this is a lot of bluster over a 54-unit project representing 0.27% of that target.

Do we really think anyone desperate for a place to live is going to be picky about "not being able to walk around the bed", when the alternative for someone making less than $80,000 a year could be living in a camper van? Or leaving town? Or worse? No, they're going to be happy that they live 15 minutes from their job, or are a bus/bike ride away from school or the shops and cafes they frequent.

I think we should stop amplifying NIMBY-sympathetic "journalists" who are trying to use a single project, in an otherwise expensive, in-demand neighbourhood, as an example of how housing policy changes and building efforts writ large are failing. There is a common thread in every Kerry Gold article: everything is bad, nothing being done is working. The towers are 10,000 feet tall, the shadows are 10,000 feet long. But, conveniently, there is never any discussion about what would work instead.

That's because none of the people she interviews actually want any housing to be built and they don't want anything in their neighbourhoods to change beyond the most minor tinkering — and if they say they do, they throw out a ton of hoops and hurdles and constantly move the goalposts. What they define as affordable is unrealistic, but that is by design. As with anything, they are using the litany of different housing programs, targets, pilot projects, subsidies, etc., and the fact that rents are a moving target, to try to whip up opposition through confusion.

People who do this are not worth listening to. They don't work in good faith and they don't offer anything of value in the discussion. There's nothing wrong with having legitimate concerns about a development, and obviously nothing wrong about a healthy discussion about affordability. But that's not what these folks are doing, so they aren't the folks that should be engaged in that discussion.
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  #380  
Old Posted Aug 17, 2024, 5:22 PM
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So much misplaced anger. Where’s the outrage that your government’s have led you to a place that the best somebody earning $80k a year can expect is a shitty basement apartment that you can barely turn around in?

As to not meeting high housing demand, where’s the outrage your governments continue to irresponsibly stoke that demand with no real plan to build housing?

As to whether this building wouldn’t have been built this program, are you sure about that? As the article points out there are market rentals being built that offer similar rates to the “middle income” units here. So it boils down to whether you think the 14 below market rental units were worth the effort. Given the govt has dropped this program it seems they thought not.
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