As transit expands, Metro Vancouver struggles to keep homes affordable

Metro Vancouver is makingbig investments in major transit projects, but a recent study shows the region is struggling to keep housing affordableforlow-income families nearSkyTrain lines.

The first phase of the Transit-Oriented Affordable Housing Study concluded in 2017. It found a dearth of affordable rentals near transit hubswhere land costs have risen in response to new developments and higher density.

Last Friday, Metro Vancouver staff told the regional board they're kicking off the second phase of that studywhich willexamine potential solutions including requiringdevelopers to include affordable rental units in exchange for taller towers sometimes known as a density bonus.

"The challenge here is trying to make sure that these transit-oriented communities which we desire are also equitable in terms of finding ways to accommodate the lower-income households," said Metro Vancouver senior planner Raymond Kan."There are no silver bullet solutions."

Just two days earlier, the majority of Vancouver city council voted to endorse extending the future Broadway SkyTrainproject all the way to the University of British Columbia. It was previously approvedonly as far as Arbutus Street.

Meanwhile,renters worry about what the future holds.

'It's scary to be renting in Vancouver'

Sydney Ball, who sits on the Vancouver Tenants Unionsteering committee, says past projects like the Canada Line to the Vancouver International Airport completed in 2009 haven't instilled her with confidence about the city's commitmentto protect renters.

Most of the housing built along the line were new condos for sale, she says, and not manyof them areaffordable. Ball hopes the Broadway SkyTrainwill be different.

"It's scary to be renting in Vancouveryou feel insecure all the time," she said."It really needs to be happening now that the city thinks about how to protect that land for affordable rental housing."

Ball says some land owners are already trying to profit from the proposed UBC SkyTrainandareadvertising itas a selling feature.

'The status quo is not working'

Vancouver Coun. Christine Boyle voted in favour of the UBC extension sayingtransit projects support the city's goals to mitigate climate change. She thinks transit expansion and affordable housing can go hand in hand.

"The status quo is not working for renters in this city, and so not building new transit isn't going to improve the situation either," she said.

"We need to figure out how we move these things forward in tandem rather than clinging to what's not working out of anxiety about what change might bring."

Boyle says the city has already implemented one of the solutions the Metro Vancouverstudy will examinerental only zoning, which the province approved last spring. The designationis meant tocurb real estate speculation and keep existing rental stock from being convertedinto condos.

And last fall Vancouver passed a motion to explore the possibility of a land value tax which would capture speculation-driven value and use it for more affordable housing, Boyle says.

"We know that affordable housing isn't just created on its own. It needs to be an intentional focus and priority in the way that we make decisions," Boyle said.

Pressure to redevelop old homes

Coquitlam Mayor Richard Stewart is well aware of the increased housing costs that accompany new mass transit projects.

In 2016, the Evergreen Line brought theSkyTrain to his communityalong with new housing around each station.

"The region actually desperately needs this housing," he said. "Almost no rental housing was built in this region for about 40 years."

Stewartsays the new homes aren't as affordable as older buildings and that's to be expected.

Buthe regretsnotpushing the province harder to build the stations further from that older rental stock.

"The pressures to redevelop those sites can be enormous," he said."Some folks count on that housing and we need to make sure as a society that we aren't displacing them."

Phase 2 of theTransit-Oriented Affordable Housing Study's findings is scheduled to be released in April 2019.