Family Friendly Housing Policy
In 2015, the City started work on a Family-Friendly Housing Policy. As part of the background work, the City conducted a housing supply analysis which found that the city ranked 21st out of 22 Metro Vancouver municipalities with regard to ground-oriented housing and 20th out of 22 Metro Vancouver municipalities with regard to three-bedroom units. The City also conducted a feasibility study which concluded that there is no negative impact on return on cost with an increased proportion of two- and three-bedroom units in new multi-family project.
Based on the consultation and research, the City mandated that multi-family ownership projects include a minimum of 30% two- and three-bedroom units, and that at least 10% of the total project units be three-bedrooms or more and that multi-family rental projects include a minimum of 25% two- and three-bedroom units, and that at least 5% of the total project units be three-bedrooms or more. The policy and bylaw came into effect on January 1, 2016, with the City becoming the first municipality in British Columbia to require minimum percentage of three-bedroom units in new multi-family projects.