Market Snapshot: City of Vancouver CACs

Next week the City of Vancouver Standing Committee on Planning, Transportation and Environment will present the annual report on Community Amenity Contributions (CACs) and Density Bonusing. The report going to council is for information purposes and provides an interesting snapshot of the amount of CAC’s generated by the City (in 2013). Here’s a few highlights:

• 2013 approvals of additional density resulted in public benefits valued at $133 Million and 886 secured market rental units
• In 2013, there were 45 project approvals resulting in 2.6 Milion SF of additional density (rezoning/bonusing)
• In 2013, five large rezoning approvals accounted for 60% of all additional floor area approved and 70% of all contributions committed
  • These are: 508 Helmcken, Burrard Place, 1300 Richards, Vancouver House and 4533 Cambie St.
• Half of all CACs are realized by services provided on-site

Top 10 Rezonings in 2013 – Ranked by Public Benefit