B.C. Housing Minister Kahlon pushes back against higher density findings

Kahlon responded by saying that upzoning across larger areas blunts the ability for the land value of a traditional single-family detached lot to dramatically skyrocket because it has the potential to be rezoned for more units.He said that examples from New Zealand and other jurisdictions show that blanket upzoning across larger areas can temper market speculation that is fuelled by the potential for spot rezoning.

Kahlon’s comments came a day before the province was expected to announce the names of around 10 municipalities that will be given provincial targets for housing construction. These will include a number, but also a mix of what different types of units are needed. “The list is about making sure that everyone understands that they have a part of being part of the solution. But it’s also a mix. It will be communities that have the ability to take on growth … It’s also going to be communities who have hidden from growth, and we want to ensure that everyone knows that you can’t hide from this.”Article content

“Absolutely. Whether it’s this round or the next round,” said Ruimy. “If we’re going to have, in the next decade, 30,000 people moving here, we need to be able to start to build now for that future. If we’re not doing that, then we’re going to end up having even more problems in the long run.”

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The promise and pitfalls of upzoning and 'missing middle' housing policiesJurisdictions around the world, including B.C., are following Auckland\u0027s lead in green\u002Dlighting density on single\u002Dfamily lots. Does it work?
Source: VancouverSun - 🏆 49. / 61 Read more »

Letters May 29: The climate crisis, Canada's health-care system, rents and the housing crisisRegional approach needed for disasters Re: “Cheaper to focus on climate resiliance than disaster relief: B.C. advisory board,” May 23.
Source: timescolonist - 🏆 15. / 75 Read more »

What Happened to Canada’s Seasonal Housing Cycle?Canada's once-predictable annual housing market cycle hasn't been playing along for the past three years. Industry experts weigh in on why that is, and whether or not we can expect a ‘return to normal’. realestate realestatenews Canada housingmarket
Source: storeyspub - 🏆 16. / 74 Read more »

Toronto housing crisis emerges as hot topic in mayoral raceEliminating red tape, political gridlock key to getting more homes built in Toronto, candidates say. Read more
Source: nationalpost - 🏆 10. / 80 Read more »

Toronto housing crisis emerges as hot topic in mayoral raceEliminating red tape, political gridlock key to getting more homes built in Toronto, candidates say. Read more
Source: financialpost - 🏆 7. / 85 Read more »