Wednesday, August 13, 2025

Below-Market rental units is stupid, says UBC prof. Douglas Todd Vancouver Sun March 18, 2025

In the early 1970s when I started working for CMHC, most of the affordable housing across Canada was developed by the federal government within Public Housing Projects. And they were projects. The first such project in Vancouver was Little Mountain and there were many others...McLean Park, Skeena Terrace, along with seniors housing projects. However, in 1973, the government changed the National Housing Act and introduced Sections 15.1 and 34.18 which provided direct funding to non-profits and coops so that they could build new projects. Thousands of units were built.

However, 20 years later, the federal government cancelled these programs and the supply of new affordable housing was significantly reduced. This ultimately led to a variety of initiatives, including something known as Inclusionary Zoning (IZ) which essentially encouraged private developers to include affordable housing within their projects in return for density bonuses which allowed them to build larger developments.

Today we have many examples of this across the country. Within the city of Vancouver we have examples of condominium projects that include a 20% social housing component. In some cases, the affordable units are owned by the developer who retains a non-profit to manage them. In others, the affordable units are donated to the city in return for even higher densities.

There are also many examples of rental projects that include a below market housing (BMH) component. One of the most talked about is the Broadway Plan which offers significantly higher densities and a waiving of certain development fees in return for inclusion of affordable units. 

I used to be a fan of IZ since it was a creative way to produce affordable units within established neighbourhoods in the absence of government subsidies. But over time I have changed my mind, especially since the IZ obligations have prevented many new projects from proceeding. 


It is within this context that the Vancouver Sun's Douglas Todd article was written.

A dubious trend toward including “below-market” apartment units in a new wave of rental highrises is contributing to a less attractive, less neighbourly Metro Vancouver, say housing specialists.

UBC professor Tom Davidoff said a recent policy push by the B.C. government and many cities, which hands developers huge density bonuses in exchange for their vow to set aside a small portion of their highrises for so-called affordable rental units, is “stupid.”

The business prof, who has been advising the B.C. government, is not alone in spelling out the unintended negative consequences of a policy which has led city councils to waive their customary demand that highrise developers offer appealing architecture, open spaces and public amenities.

The problem, according to housing specialists, is the B.C. government and many cities are encouraging developers to build higher, denser and plainer buildings if they promise up to one-fifth of floor space will be devoted to “below-market” rentals.

The guideline for “below-market” generally ends up meaning that the people on moderate incomes who are fortunate to be selected tenants get a 20-per-cent discount compared to average rents in the region. In the city of Vancouver, a moderate income is generally considered between $30,000 and $80,000 per year. 

Davidoff thinks the policy is a bad way to combat stratospheric rents, which are higher in Metro Vancouver than almost anywhere else in Canada.

“I think affordability requirements in new buildings are, while well-intentioned, stupid,” Davidoff said.

“It’s hard to express what a terrible idea it is to acquire brand new units in desirable locations and hold lotteries so a fraction of those in need get giant prizes while everyone else gets nothing.”

Hundreds of new rental towers are being built or proposed across Metro Vancouver, with many developers promising to make up to 20 per cent of units “affordable” in exchange for upzoning, said Christina DeMarco, former head of planning for the Metro Vancouver regional district.

Many of the region’s proposed rental towers, which now outnumber proposed condo highrises by a wide margin, are in Vancouver’s Broadway corridor and in clusters in Burnaby and Surrey, she said.

However, DeMarco and Vancouver planning consultant Michael Geller say municipalities that upzone properties for higher, bulkier towers in exchange for “affordable” units are forgoing their customary opportunity to require developers to provide quality architectural designs, as well as funds to build day cares and community centres.

“There’s no doubt we are seeing an increasing number of larger and unadorned buildings compared to years ago,” said Geller.

The retired architect said Vancouver and other municipalities are assuming that “housing affordability is generally more important than building appearance.” It has led, he said, to  widespread “acceptance of lower design standards.”

In east Vancouver, housing activist Paisley Woodward worries the city seems ready to approve three “mega-towers” — of 37, 38 and 44 storeys — for a Safeway site on East Broadway, near the Commercial SkyTrain Station.

“The city is not demanding community benefits of any substance because the developers have insisted that rental housing is the benefit,” Woodward said. The developer, Westbank Crombie, is offering only 10 per cent of floor space for below-market units.

Similarly, DeMarco said the blocky, two-tower rental project Vancouver council approved this week for a former Safeway site in her neighbourhood of Point Grey will come with little green space, few amenities and a dull streetscape.

That, DeMarco said, is largely because the main “public amenity” that the international developer, BentallGreenOak, is offering in return for such favourable spot-zoning is a portion of below-market units.

That leaves “no benefits of the zoning uplift for the public realm, such as community facilities,” she said. The city’s policy is leading, she said, to ”ugliness” and a lack of livability and neighbourliness.

DeMarco cautioned that below-market rental units are also managed by each building’s private owners. That means, she said, it will be difficult for municipalities to enforce whether the people allowed to rent the discounted units are truly in moderate-income brackets.

Geller is also worried that some of the scores of developers who are vowing to provide below-market units, which lowers their profit margins, will eventually decide to pull out of their projects entirely. A potential glut of new rental highrises, plus slowing population growth, he said, will put downward pressure on how much landlords can charge tenants.

Facing reduced revenue, DeMarco said some owners of completed rental buildings may go to city hall and make an argument they need to get out of their earlier commitment to below-market units.

Indeed, DeMarco believes many rental developers are being short-sighted by building unattractive rental buildings. She has talked to established highrise landlords in Point Grey who say in the future there is going to be more competition for renters.

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