Brian, as I am in the business of development, I am aware that requirements and fees have to get passed on to purchasers of homes. It would also be interesting to know how much that particular requirement in Burnaby, actually costs per home or per sf.
I was reviewing a current Vancouver townhouse project. The CACs for the project (not including DCLs, servicing costs, etc.) are $50,000 per unit, which goes straight to the sales price.
Brian, as I am in the business of development, I am aware that requirements and fees have to get passed on to purchasers of homes. It would also be interesting to know how much that particular requirement in Burnaby, actually costs per home or per sf.
I was reviewing a current Vancouver townhouse project. The CACs for the project (not including DCLs, servicing costs, etc.) are $50,000 per unit, which goes straight to the sales price.
I agree with your comment about Burnaby. Market housing won’t include truly affordable housing unless it’s required.
John, thanks for joining City Conversations. It will be interesting to see if Burnaby's approach results in more affordable homes.