BC Gov Issues Housing Supply Targets For 10 More Municipalities

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Howard is based in Burnaby and covers real estate, housing policy, and the development industry. Signal: HowardChai.24

​The housing supply targets are for the second cohort of 10 municipalities, including the City of North Vancouver, Kelowna, and Surrey, among others.housing supply targets for the second group of municipalities, growing the list of local governments that have received targets to 20.

This second group totals to 55,478 homes and represents a 41% increase in overall housing to be built over what was projected based on historical trends, the Province says.Based on the group of 20 municipalities announced in April, this means the third cohort will consist of Colwood, Langley, Mission, New Westminster, North Cowichan, North Saanich, Port Coquitlam, Prince George, View Royal, and West Kelowna.

If a municipality is not meeting its target, the Province can appoint an advisor to conduct a review to identify why the target has not been met and potentially issue a directive, such as ordering the municipal government to amend or enact a given bylaw or permit. For the first cohort that received housing supply targets last year, their midway point occured earlier this year and all 10 municipal governments providedCanada's Population Could Hit 63M in 50 Years; Where Will Everyone Live?Serving equal parts luxury and comfort at Avenue and Lawrence, 496 Fairlawn Avenue makes for the ultimate family home.

 

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