EcoDensity Charter Approved – How Will it Affect Real Estate?

by Sebastian on June 19, 2008

On June 10th, the Vancouver city council officially (and unanimously) passed the EcoDensity Charter. This unanimous vote took place despite the opposition by more than twenty local community groups.

 Most of what is contained in the charter has a long way to go before we see it put into affect. These include such actions as: new types of arterial mid-rise buildings, more options for rental secondary suites, and developing options for back-yard and laneway housing. While the city has indicated that they want to see these in principle, the details still need to be made clear.

 That being said, two items from the charter were put immediately into action. This included the rezoning policies for greener buildings, as well as “greener larger sites”. According to the EcoDensity website, this means that applications for rezoning buildings will have to meet a minimum LEED standard. Also, when applying rezoning for tracts of land of 2 acres or more, sustainability measures will be required.

 Our city is now committed, through the charter, to make environmental sustainability a primary goal in all city planning decisions while keeping in mind affordability and livability.

 Sebastian Albrecht, Vancouver Realtor with Royal LePage Westside

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