Vancouver considers removing public rezoning process for mid-rise non-profit development

Vancouver considers removing public rezoning process for mid-rise non-profit development

  • Real Estate
  • rezoning application
  • Vancouver
May 4, 2021

Is the City of Vancouver taking it too far? The debates go both way for the proposal to expediate the redevelopment process for non-profit development. Vancouver is working really hard to secure more social housing to help with homelessness and those who are suffering due to the pandemic such as purchasing hotel and using city owned land to develop more affordable/social housing. It bought to attention of the public when we discovered that the considering is going as far as removing public rezoning process for mid-rise non-profit development.

The intent is to make it faster, easier and less expensive to build social housing in “certain” mid-rise zones. The proposal would allow non-profit organization to build social housing up to six-storey (mid-rise) in the “specific” area (Mount Pleasant, Grandview-Woodland, Kitsilano, and Marpole) to skip the public rezoning process altogether. Further inquiries regarding whether to allow non-profit rental or co-op developments to go two additional storeys higher without rezoning.

Non-profits are least desired redevelopment and suffers from financial restriction. It usually requires additional incentive and financial assistance to make it happen. Non-profit sectors show support and urge the city to go even further.

However, we cannot ignore the importance of public consultation. Removing public rezoning process means the neighbourhood can no longer express its voice. The development could potentially change the composition of the neighbourhood and its value.

What are your thoughts, do you agree or disagree with eliminating the rezoning process for these “specific areas”?

Yoyoe Lu

Founder and managing principal
yoyoe@claridgeadvisors.com

Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

Ashley Osborn

Development Site and Investment Specialist
ashley@claridgeadvisors.com

Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

Patricia Wong Chong

Investment and Leasing Specialist
patricia@claridgeadvisors.com

Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

Schumann Li

Land Assembly & Residential Specialist
schumann@claridgeadvisors.com

Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

Wendy Kaip

Sales Associate
wendy@claridgeadvisors.com

Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

Simon Chan

Managing Broker
simon@claridgeadvisors.com

Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

Frank Zhou

Analyst
frank@claridgeadvisors.com

As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.

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