Council approved the Secured Rental Policy in November 2019 to update and strengthen rental policies that have been in place in Vancouver for over 10 years. The updates are the outcome of extensive public and stakeholder consultation over the last 4 years. As part of the updates, the Secured Rental Policy identifies two key changes needed to make it easier to build rental housing:
Changes to C-2 zoning (commercial mixed-use areas) to allow 6 storey rental buildings through a shortened approvals process that requires a development permit. With this change, new 6 storey rental buildings on commercial streets would follow the same approval process as 4 storey condo buildings.
Changes to the policy for rezoning in RS and some RT zoned areas (low density residential) to allow new rental buildings up to 6 storeys, including process changes to utilize new standard rental zones to make it simpler and faster to build new rental housing and updated locational eligibility criteria that focus on areas within walking distance of public transportation, shopping and other daily needs.
Estimated date to update to Council in July 2021.
Estimated date to report to Council and Public Hearing in Fall 2021. https://shapeyourcity.ca/rental-rz