A City of Vancouver report going to Council next week seeks approval for the annual inflationary rate adjustment to DCL’s and CAC’s.

The target DCL and CAC rates are adjusted annually to keep pace with changes in property values and construction costs.

The proposed adjustment for 2022 is a increase of 1.2%. The increase returns to an inflationary trend after the pandemic forced a decrease of 0.8% for 2021.

Here are the new proposed rates:

The new target rates will become effective September 2021.

A rezoning application has been submitted by Three Shores Development for a 6,000 sq ft site at 133 East 4th Street in the Lower Lonsdale area of the City of North Vancouver. The site is currently improved with the Gospel Hall Church which is relocating.

The proposal is a 6-storey rental building consisting of:

• 23 rental apartment units, three of which are mid- market rental units;
• 12 one bedrooms, 5 two-bedrooms & 6 three-bedrooms;
• a private 2,700 sq ft daycare on the lower level;
• a total density of 2.55 FSR;
• a building height of 43 ft;
• 1 on-site parking stall for the childcare use.

The architect for the project is Integra Architecture.

The City of North Vancouver has received a Development Permit application for 427-435 East 3rd Street, a 12,000 sq ft. two lot land assembly on the south side of East 3rd Street between St. Patrick’s Avenue and St. David’s Avenue.

The proposal is a 4-storey passive house townhouse development over one level of underground parking and includes:

• 15 townhouse units;
• 4 one-bedroom units, 3 two-bedroom units & 8 three-bedroom units;
• a density of 1.60 FAR;
• 16 underground parking stalls.

The site sold in 2020 for $5,670,000 or $297 per buildable sq ft. based on the application.

The architect for the project is BFA Studio Architects.