VCPC releases Market Rental Proposal

Posted on October 29, 2008

Urgency of Vancouver's declining rental supply problem explored in innovative plan

The Vancouver City Planning Commission are bringing our Market Rental Housing Report forward to the public in our role as City Council's citizen advisory group on planning issues, in order to prompt an informed community dialogue about how to respond to the need in the city for rental housing.

We directed the report to the City Manager in September, who recommended that it not be brought to Council before a staff study on rental housing is completed. The Commission feels, however, that this topic has urgency and merits attention now. Our report we hope will foster a thoughtful public debate on the value of rental housing, and will invite innovative solutions for creating additional supply.

Our committee has given considerable thought to this matter and explored various approaches in arriving at its recommendations. We believe that a productive dialogue on how to increase market rental housing needs to get underway without delay.

Our Market Rental Housing Committee would welcome questions and discussion on the report. Email vcpc@vancouver.ca with your comments and questions.

The report has three components, attached as separate files:

1. VCPC Market Rental Report
2. Appendix 1 Pro Forma
3. Figure 1 (below, click for higher resolution image)