https://youtu.be/ZM3Q-VtB-nI Summer sees home listing supply decline across Metro Vancouver VANCOUVER, BC – September…
One of the biggest barriers to development in Greater Vancouver may be newly elected municipal governments in the region.
Developers, consultants and former city hall representatives told an audience at the Vancouver Real Estate Forum last Thursday that while stakeholders in communities throughout the region want solutions to affordability challenges, they are far from figuring out how to work together to deliver them.
“A lot of corporate knowledge walked out of city halls on October 20,” said Greg Moore, co-founder of Livable Region Group of Cos., former mayor of Port Coquitlam and former chairman of Metro Vancouver.
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The issue, according to former City of Vancouver director of planning Brent Toderian, runs deeper than rookie council members and new staffers playing catch-up.
“There are some councils that feel they were elected to stop change, stop development,” said Toderian, a consultant with Toderian Urbanworks.
It has contributed, in part, to a policy hangover; the idea that a flurry of municipal, provincial and federal policy initiatives over the last two years have induced a sector slowdown.