On Wednesday, the Provincial government announced legislation aimed at delivering more housing units within Transit-Oriented Development (TOD) areas.
Residential and mixed-use buildings, like CityState's application at 2524-2528 St. Johns Street in Port Moody, will be the norm around transit hubs.
Municipalities have until June 30, 2024, to draft updates to their policies and plans to allow for higher densities around SkyTrain stations and bus exchanges.
SkyTrain | ​ |
Within 200 m | 20 storeys / 5.00 FAR |
201-400 m | 12 storeys / 4.00 FAR |
401-800 m | 8 storeys / 3.00 FAR |
Bus Exchanges | ​ |
Within 200 m | 12 storeys / 4.00 FAR |
201-400 m | 8 storeys / 3.00 FAR |
Parking requirements will also be eliminated for residential units, but will remain unchanged for commercial units and people living with disabilities.
More information the Province's announcement can be found here: https://news.gov.bc.ca/releases/2023HOUS0063-001748
To stay up to date on the latest news regarding this announcement and implementation across Metro Vancouver, email info@citystate.ca.
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