Builders of affordable housing and cultural, recreational, and institutional projects in Vancouver will be able to seek permission to expedite the front-end of the construction process.
This week, Vancouver City Council approved a new permitting process that allows projects to start excavating their construction pit sooner — focusing on projects that provide a direct public benefit, including taxpayer-funded public sector projects. Eligible projects include social housing, secured market rental housing, artist studios, community centres, libraries, parks, playgrounds, schools, hospitals, and childcare facilities.
This approach allows projects to reach completion sooner, and it provides businesses with more flexibility while other aspects of the project applications are finalized.
This will allow our robust market to keep up with the ever increasing demand. If you are thinking of investing in this market, use my patented algorithm to help you make your investment decision!