Will the City of Vancouver’s recent changes spur new housing construction?

Vancouver City Council approved measures to ease financial pressures on developers, including flexible DCL payments, reduced upfront CAC payments, use of surety bonds, and freezing inflation adjustments. The city aims to streamline processes, reduce wait times, and allow larger floorplates to cut costs. Experts have mixed views: some welcome relief, while others doubt the changes will significantly boost housing development or affordability.