Business

Study probing home development costs, policies in Metro cities

The forthcoming Getting To Groundbreaking report from the Greater Vancouver Home Builders Association is to focus on helping cities meet the demand for new townhouses. - File
The forthcoming Getting To Groundbreaking report from the Greater Vancouver Home Builders Association is to focus on helping cities meet the demand for new townhouses.
— image credit: File

An SFU researcher says extremely complex application processes for residential developers appears to be one of the factors behind Metro Vancouver's poor housing affordability.

Urban Studies associate professor Meg Holden is leading the annual Getting To Groundbreaking study on behalf of the Greater Vancouver Home Builders Association and other partners.

It's expected to shed light on the varying municipal development policies, fees and processing times around the region that affect housing costs, supply and affordability, as well as recommended best practices.

"The more sustainable a city, the more expensive and exclusive its housing," Holden said. "This study will help us understand how to make cities more sustainable for all residents, rich and poor."

Metro Vancouver's population is growing by 3,000 new residents each month and it's projected that nearly half a million new homes will be needed to house a million more residents by 2041.

The Getting To Groundbreaking findings are expected late this spring and the 2014 report will focus on helping cities meet housing demand for townhomes.

Holden began web-based surveys in February and is urging home builders, municipal employees and other stakeholders in Metro's 19 largest communities to participate. Interested parties can email G2G@sfu.ca.

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