Canada CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Pacific Canada  + Multi-residential Housing  | 
B.C. Premier David Eby is projecting that 250,000 new homes will be built over the next decade.

Proposed B.C. Law Seeks Transit-Oriented MF Development

The B.C. government has introduced new legislation designed to create more multi-family rental housing development near public transit.

If passed, the law will build on work underway to facilitate more transit-oriented development, create more livable communities and tackle the housing crisis, said the government in a news release.

“Building more homes near transit is good for people, communities, and helps make the most of transit, infrastructure and services,” said Ravi Kahlon, the housing minister, in the release. “But layers of regulations and outdated rules are stopping this kind of development from becoming a reality in too many municipalities.”

The proposed legislation requires municipal governments to designate transit-oriented developments near rapid-transit stations and bus exchanges. Municipal governments would be obligated to permit housing developments based on provincial density and building-height standards.

The proposed provincial legislation comes as Vancouver Mayor Ken Sim seeks more TODs as part of the city’s new housing strategy.

Connect

Inside The Story

B.C. Housing MinistryCity of Burnaby

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Lease
  • ◦Sale/Acquisition
  • ◦Development
  • ◦Financing
  • ◦Policy/Gov't
New call-to-action