About Me

My photo
GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Thursday, November 28, 2019

Vancouver announces boost for supply of affordable rental homes

Several policy changes proposed by Vancouver City Council could deliver thousands of new rental homes over the coming years.

The council approved recommendations this week that will enable faster development of rental units and in more areas of the city.

Councillors backed measures including include rental-only zoning, allowing up to six storeys in commercial zones, a new family-friendly housing pilot program for four to six storey buildings close to schools, parks and shops.

“Vancouver residents told us loud and clear to take action on the housing crisis so that's exactly what we've done,” said Mayor Kennedy Stewart. “Together, these policies could help build upwards of 8,000 new rental homes over the next seven years, including nearly 5,000 homes geared to middle-income households, helping more of our friends and neighbours stay in Vancouver.”

Plans to increase affordability include incentives to provide more rental housing for households that earn less than $80,000 per year, by continuing to process and evaluate applications under the Moderate Income Rental Housing Pilot Program.

Environmental impact

The Climate change emergency will be at the heart of all policies, by promoting wood-frame construction, lower embodied emissions, and meeting green buildings standards to reduce energy needs for the building through its lifetime.

The rental only zones will be close to local amenities to ensure walkable communities.

“All parts of the City organization play a role in addressing the housing crisis in our community,” said City Manager, Sadhu Johnston. “Council's support for this package of initiatives to increase rental production and support energy upgrades on existing buildings with a focus on keeping tenants in their homes, demonstrates our collective commitment to tackle this challenge head-on.”

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome and rewarded!

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)