Transit-oriented development boosts Tri-City housing numbers

Coquitlam leading the way with city hall pushing through large, complex projects proposed for land near Evergreen Line stations

Developers appear to be heeding the call for more housing with millions of dollars worth of development permit applications being pumped through local city halls.

Coquitlam is leading the way in the Tri-Cities with $124.4 million worth of development permit applications for the first four months of 2018, up 43% compared to the same period last year. Much of the development is housing, including two townhouse projects worth $28.8 million.

article continues below

“It’s challenging, it’s exciting,” said Jim McIntyre, Coquitlam's general manager of planning and development. “We’re living in some pretty radical times here. The market has been incredibly strong, not just in Coquitlam but across the Lower Mainland for a long number of years. That starts translating in those significant projects and unit numbers and it’s a reflection of good planning in trying to marry up rapid transit investments with land use.”

McIntyre said the new projects aren’t all highrises; in fact a number of townhouse projects and four-story apartments are also being built.

“You can’t just be one-trick pony, we want a variety of development forms and types," he told The Tri-City News.

The popularity of building along the Evergreen Extension is evidenced by the city’s new Transit-oriented Development Application Team (TODAT), which received development applications for 3,519 units in nine projects in the first four months of the year.

But many of these projects located in Burquitlam or Town Centre are large and will take time to process, said McIntyre, who explained the new team of planners, transportation and legal specialists will handle these transit-oriented developments efficiently and effectively.

“There’s a lot of detail and a lot of complexity,” he said.

Meanwhile, Port Coquitlam and Port Moody are also seeing a jump in the number of building permits issued.

To the end of April, PoCo issued $46.7 million worth of building permits — about 60% for housing projects — compared to $18.1 million for the same period last year.

Port Moody, meanwhile, is seeing more housing permits issued this year to the end of April, compared to the same period last year: $8.2 million compared to $4.6 million, according to city figures.

But the total value of building permits issued for all forms of construction, including industrial and commercial, is the same — $8.7 million — for the first for months of both 2017 and 2018.

Read Related Topics

© 2018 Burnaby Now

Read more from the Tri-City News


NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

Please keep your comments, clean, civil and respectful. Comments deemed inappropriate or libelous will be removed. The Burnaby NOW makes no guarantee of comments’ factual accuracy.

The Burnaby Now welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Popular Real Estate

Popular Burnaby Now