How Vancouver aims to spur new housing construction amid slowdown

 If current trends continue, the city of Vancouver can expect to build roughly 700 new housing units this year. That’s far less than the city’s goal of building 2,000 new housing units annually and a sharp decline from the roughly 1,100 units it developed last year. The Columbian recently reported on the drop in new construction in Vancouver and the factors contributing to it, including tariffs on steel, aluminum and lumber which are driving up construction costs. 

Earlier this month, Vancouver’s Economic Prosperity and Housing Director Patrick Quinton outlined several steps the city council could approve to spur new construction. They include eliminating off-street parking requirements for new affordable housing and deferring the collection of fees from developers for market-rate housing. Quinton joins us to talk about these proposed changes amid a housing shortage in Vancouver and the region.