Tomorrow, Vancouver’s Vision-led city council will receive a recommendation from city staff that would lead to a miniature city being constructed on the Oakridge Centre site. If Oakridge is to be redeveloped, COPE says the city must require the creation of affordable housing that is within reach of all income levels, costing no more than 30% of residents’ incomes.
COPE’s Tim Louis said, “They’re going to build a 28 acre miniature city at Oakridge. If it’s like any of the other developments that have been approved in recent history, it will be a miniature city for the rich only. They’re only promising to build market units.”
Vision Vancouver’s focus on market-rate housing has decreased affordability in the city. At other large rezonings, including the Rize tower, Shannon Mews, Olympic Village and Little Mountain, the city has missed the bare minimum requirement of 20% affordable units in large developments.
Louis continued, “We’ve seen this far too many times over the past few years. We need affordable housing now.”