affordable housing

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In neighbouring Burnaby, it takes almost five months less for typical housing development projects to receive a greenlight from city hall, and costs approximately $20,000 less in compliance fees per new dwelling unit.

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With housing prices at an all-time high in Vancouver, there was a lot of buzz about the interim report of the Mayor’s Task Force on Housing Affordability. While the Task Force acknowledged the need to streamline and create more certainty and clarity in the regulatory process, the City of Vancouver will need to significantly reduce land-use restrictions and the regulatory burden on developers to truly help make housing more affordable.