{"id":35828,"date":"2021-12-27T10:00:48","date_gmt":"2021-12-27T18:00:48","guid":{"rendered":"http:\/\/spacing.ca\/vancouver\/?p=35828"},"modified":"2021-12-27T11:28:15","modified_gmt":"2021-12-27T19:28:15","slug":"vancouver-needs-way-more-co-ops-heres-how-to-get-them","status":"publish","type":"post","link":"https:\/\/spacing.ca\/vancouver\/2021\/12\/27\/vancouver-needs-way-more-co-ops-heres-how-to-get-them\/","title":{"rendered":"Vancouver Needs Way More Co-ops. Here\u2019s How to Get Them"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large\" src=\"http:\/\/spacingmedia.com\/spacingvancouver\/wp-content\/uploads\/features\/indepth_feature-VAN.gif\" width=\"600\" height=\"72\"><\/p>\n<p class=\"p1\"><span class=\"s1\">The cost of housing has reached a crisis point in Vancouver, with no clear agreement on what to do about it. Which made it a rare moment when council\u2014perceiving <a href=\"https:\/\/thetyee.ca\/Opinion\/2020\/01\/03\/Vancouver-Poised-Sell-Off-False-Creek-South\/\"><span class=\"s2\">threats to affordability<\/span><\/a> in False Creek South\u2014voted unanimously to turn back a staff proposal to dramatically densify and rearrange the neighbourhood using a market-based approach.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">In the context of that marathon debate, and just before the vote was called, Coun. Michael Wiebe captured the tenor of the evening when he said, \u201cWhat Vancouver needs is more False Creek South.\u201d None of our elected leaders argued the point.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">But that leaves open the question of where to put more False Creek South?<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">False Creek South was built on a largely abandoned stretch of derelict waterfront. Succeeding developments in the city took over other vast parcels of similar swaths of industrial shoreline. But those days, and those parcels, are gone. If we need more False Creek Souths, where should we put them? The only answer available to us\u2014in our neighbourhoods.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Not everyone is aware that affordable co-op buildings are already scattered in many parts of the city. They tend to be innocuous small structures that fit in respectfully with their privately owned neighbours. You might be surprised to see in the map below how many exist and where.<\/span><\/p>\n<figure id=\"attachment_35831\" aria-describedby=\"caption-attachment-35831\" style=\"width: 600px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/VancouverCoopDensityMap.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-35831\" src=\"http:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/VancouverCoopDensityMap-600x452.png\" alt=\"\" width=\"600\" height=\"452\" srcset=\"https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/VancouverCoopDensityMap-600x452.png 600w, https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/VancouverCoopDensityMap-300x226.png 300w, https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/VancouverCoopDensityMap-768x578.png 768w, https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/VancouverCoopDensityMap.png 800w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><figcaption id=\"caption-attachment-35831\" class=\"wp-caption-text\"><strong>Co-ops and non-profit housing are located throughout the city, often in buildings indistinguishable from those around them. Map via the City of Vancouver.<\/strong><\/figcaption><\/figure>\n<p class=\"p3\"><span class=\"s1\">Seen this way there is no shortage of locations for smaller co-op buildings, preferably, perhaps, close to neighbourhood schools where the young families who would be the likely beneficiaries of such an initiative could be close to, and keep full, that crucial piece of public infrastructure.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">What stands in the way? Above all, land prices. Unless the provincial government comes in with billions of dollars to acquire available parcels, current land prices present us with a challenge. To make co-ops self-financing requires both affordable land and enough new square footage to make the land purchase amortizable through affordable rents.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">If new co-op developments have to compete with market-based rental or condo developments in buying, the numbers won\u2019t work. That\u2019s because the more density allows on a parcel, the higher the price rises for the land, which then must be recouped through higher rents or unit price-tags.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">The effect is baked in, as they say. Vancouver land is no longer sold by the acre, but by the square foot \u201cbuildable\u201d\u2014how many interior square feet of new housing zoning will allow. Right now, the price of land per buildable square foot is about twice the price of the construction.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Fortunately, there is a way to dampen this effect in order to let co-ops flourish. If the city only allows increased density on single-family zoned parcels for new co-ops, which it has the authority to do, but prohibits the same new density for private developers, land prices will not inflate nearly as much. Developers seeking to build condos or market-rent apartments, with the prospect of much higher sales or rent revenue, won\u2019t be bidding up the prices.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Even so, Vancouver land isn\u2019t cheap. Which raises the question: How big must a new co-op be to \u201cpencil out\u201d and cover its land and construction costs while still collecting affordable monthly rents? Could one avoid buying up a lot of single-family lots and assembling them into one large development footprint as we see happening along arterials around the city now? We know that such \u201cland assembly\u201d can disrupt existing neighbourhoods by&nbsp;<a href=\"https:\/\/www.straight.com\/news\/4-detached-home-lots-marked-by-city-of-vancouver-for-14-storeys-near-joyce-station-sold-over-13\">unleashing inflationary processes<\/a>.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">We can avoid this process and have many more co-ops, concludes local architect Sean McEwen. Working through the numbers, he suggests that a wood-frame 6,000-square-foot building of a size necessary to amortize current land costs with affordable co-op rents would fit into a typical Vancouver lot\u2014without land assembly and without overshadowing neighbours.<\/span><\/p>\n<p class=\"p1\"><a href=\"http:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/MoleHillHousing.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-35832\" src=\"http:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/MoleHillHousing-600x442.jpg\" alt=\"\" width=\"600\" height=\"442\" srcset=\"https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/MoleHillHousing-600x442.jpg 600w, https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/MoleHillHousing-300x221.jpg 300w, https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/MoleHillHousing-768x565.jpg 768w, https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/MoleHillHousing.jpg 800w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<figure id=\"attachment_35833\" aria-describedby=\"caption-attachment-35833\" style=\"width: 600px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/MoleHillCutaway.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-35833\" src=\"http:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/MoleHillCutaway-600x341.png\" alt=\"\" width=\"600\" height=\"341\" srcset=\"https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/MoleHillCutaway-600x341.png 600w, https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/MoleHillCutaway-300x170.png 300w, https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/MoleHillCutaway-768x436.png 768w, https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/MoleHillCutaway.png 800w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><figcaption id=\"caption-attachment-35833\" class=\"wp-caption-text\"><strong>Sean McEwen\u2019s Mole Hill restoration project in downtown Vancouver (top) demonstrates a medium-density prototype that can be built in sustainable wood-frame construction without inflating land prices through lot assembly. The cutaway view gives a clear indication of the varied demographic mix that might be housed in a co-op, including three-bedroom suites, studios and wheelchair-accessible units. Photo and diagram by Sean McEwen.<\/strong><\/figcaption><\/figure>\n<p class=\"p1\"><span class=\"s1\">It\u2019s time that council took a more serious look at the potential of co-ops, and moved away from the land inflationary policies it has been quick to embrace instead. Earlier this month, council&nbsp;<a href=\"https:\/\/vancouversun.com\/news\/local-news\/fumano-vancouver-rental-changes-met-with-praise-skepticism-and-a-threat\"><span class=\"s2\">voted<\/span><\/a> to allow four-storey \u201csecured rental buildings\u201d on blocks immediately behind arterial streets, in the hopes that the production of these units will help resolve the housing crisis.<\/span><\/p>\n<figure id=\"attachment_35834\" aria-describedby=\"caption-attachment-35834\" style=\"width: 600px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/FourStoreyRentalSketch.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-35834\" src=\"http:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/FourStoreyRentalSketch-600x337.png\" alt=\"\" width=\"600\" height=\"337\" srcset=\"https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/FourStoreyRentalSketch-600x337.png 600w, https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/FourStoreyRentalSketch-300x169.png 300w, https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/FourStoreyRentalSketch-768x432.png 768w, https:\/\/spacing.ca\/vancouver\/wp-content\/uploads\/sites\/6\/2021\/12\/FourStoreyRentalSketch.png 920w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><figcaption id=\"caption-attachment-35834\" class=\"wp-caption-text\"><strong>An artist\u2019s rendering of Vancouver\u2019s newly approved form of four-storey rental projects, shown flanking existing detached buildings within neighbourhoods. (Out of scale automobiles and people in the foreground make the buildings appear smaller than they might appear in reality). Image via City of Vancouver.<\/strong><\/figcaption><\/figure>\n<p class=\"p1\"><span class=\"s1\">Once again, critics predicted that this market-tied densification will merely raise land prices, making it impossible for developers to produce housing that can be rented at affordable rates. City staff maintain that even if this is the case, providing high-priced rental housing units throughout the city will take pressure off lower-cost housing in a process called \u201cfiltering.\u201d<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">But so far Vancouver exhibits none of the beneficial effects touted for filtering. Apartments in our more affordable neighbourhoods, such as Marpole or Mount Pleasant, show punishingly low vacancy rates of 1.1 per cent and 1.4 per cent respectively, while thousands of expensive downtown apartments&nbsp;<a href=\"https:\/\/www03.cmhc-schl.gc.ca\/hmip-pimh\/en\/TableMapChart\/Table?TableId=2.1.31.3&amp;GeographyId=2410&amp;GeographyTypeId=3&amp;DisplayAs=Table&amp;GeograghyName=Vancouver\">go begging<\/a>&nbsp;at 6.3 per cent vacancy.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">If we agree that the housing market, left to its own devices, is incapable of supplying affordable homes no matter what new density we offer, we have to take a different path.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Authorizing co-op (or other non-market forms) in our neighbourhoods, with the advantage of \u201cGoldilocks\u201d density bonuses (not too little, not too much, just right) might just be, as Coun. Wiebe suggests, what Vancouver needs a lot more of.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">There is no time to waste. Vancouver should shift gears as 2022 dawns. Our young families, who are rapidly being exiled from our city due to housing costs, can\u2019t wait any longer.&nbsp;<\/span><\/p>\n<p>***<\/p>\n<p><em>This piece was originally published on <a href=\"https:\/\/thetyee.ca\/Analysis\/2021\/12\/22\/Vancouver-Needs-Way-More-Co-ops\/\">The Tyee<\/a>.<\/em><\/p>\n<p>**<\/p>\n<p><em><strong>Patrick Condon<\/strong> is the James Taylor chair in Landscape and Livable Environments at the University of British Columbia\u2019s School of Architecture and Landscape Architecture and the founding chair of the UBC urban design program.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cost of housing has reached a crisis point in Vancouver, with no clear agreement on what to do about it. Which made it a rare moment when council\u2014perceiving threats to affordability in False Creek South\u2014voted unanimously to turn back a staff proposal to dramatically densify and rearrange the neighbourhood using a market-based approach. In<a href=\"https:\/\/spacing.ca\/vancouver\/2021\/12\/27\/vancouver-needs-way-more-co-ops-heres-how-to-get-them\/\">Continue reading <span class=\"sr-only\">&#8220;Vancouver Needs Way More Co-ops. Here\u2019s How to Get Them&#8221;<\/span><\/a><\/p>\n","protected":false},"author":8395,"featured_media":35830,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ngg_post_thumbnail":0,"_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","footnotes":""},"categories":[10,11232,24,26,6670],"tags":[],"class_list":["post-35828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-architecture","category-features","category-housing","category-neighbourhoods","category-politics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vancouver Needs Way More Co-ops. 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The area is home to many co-ops. Photo via City of Vancouver."},{"@type":"BreadcrumbList","@id":"https:\/\/spacing.ca\/vancouver\/2021\/12\/27\/vancouver-needs-way-more-co-ops-heres-how-to-get-them\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/spacing.ca\/vancouver\/"},{"@type":"ListItem","position":2,"name":"Vancouver Needs Way More Co-ops. 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