Residential Development Update Report

RECOMMENDATION

THAT the report dated September 28, 2023, titled “Housing Supply Update Report” prepared by the Director of Development Services be received.

PURPOSE

The purpose of this report is to provide Council with an update on the total number of dwelling units in large projects, including mixed-use and multi-unit residential developments, that are: currently under construction; or approved by Council but not yet under construction (no building permit).

BACKGROUND

At the Committee of the Whole Meeting on April 11, 2023, Council requested that staff bring forward an update on approved large projects (mixed-use and residential developments) in the Town to further understand the current and future housing supply being delivered by the development industry.

At the Committee of the Whole Meeting on May 8, 2023, staff presented a housing supply update report. This report gives Council an update on how the large projects have progressed through the spring and summer months.

DISCUSSION

Figure 2 below is a map identifying the total number of dwelling units currently under construction in the Town, as of October 3, 2023.

Table 1 below provides a summary of each large residential development that is either under construction; or development permit approved by Council, but a building permit has not been received or issued yet.

Table 1. Summary of large developments

Number	Address	Photo	Project Details
1	244 Island Hwy (Skyview)		Zoning: RM-3, Mixed Residential Use: multi-unit residential Total number of units: 37 du (strata) Building Permit (BP) Issued: BP issued on April 18, 2021 for 37 units Number of Unit Types: 1 bdr – 21; 2 bdr - 16 Affordable/Accessible Units: none Construction Period: 2yrs Construction Status: In progress
2	258 Helmcken Rd (Royalle)		Zoning: CD-26 Zone, Island Highway/Helmcken Comprehensive Development Use: mixed-use (commercial- residential) building Total Number of Units: 55 du (strata) Building Permit (BP) Issued: BP issued on December 9, 2022 for 55 units Number of Unit Types: 1 bdr – 19; 2 bdr – 35; 3 bdr - 1 Affordable/Accessible Units: none Construction Period: 2 yrs Construction Status: In progress
3	9, 15 and 17 Erskine Lane (The Blueprint)		Zoning: CD-25 Zone, Erskine Lane Residential Use: multi-unit residential Total Number of Units: 316 du (rental) Building Permit (BP) Issued: BP issued for Buildings C and D (15 and 17 Erskine Lane) on July 26, 2022 for 158 units; and BP issued for Building A and B (9 Erskine Lane) on July 31, 2023 for 158 units. Number of Unit Types: studio – 8; 1bdr – 148; 2bdr – 120; 3bdr - 40 Affordable/Accessible Units: none Construction Period: 2 years Construction Status: 4 out of 4 buildings in progress
4	1449 Burnside Rd W (Aspire)		Zoning: CD-24 Zone, Burnside Helmcken Centennial Use: multi-unit residential Total Number of Units: 234 du (rental) Building Permit (BP) Issued: BP issued for both buildings on September 27, 2023, for 234 dwelling units Number of Unit Types: 1bdr – 76; 2bdr – 132; 3bdr - 26 Affordable/Accessible Units: none Construction Period: 2 years Construction Status: in progress
5	167 Island Hwy (Portage Park)		Zoning: CD-27: Comprehensive Development (Island Highway – Portage) Use: multi-unit residential Total Number of Units: approx. 82 du (strata) Number of Unit Types: 1bdr – 63; 2bdr - 16; 3bdr - 3 Building Permit (BP) Status: BP received on September 8, 2023 and currently under review Construction Status: not in progress
6	2000 West Park Lane (West Park 1)		Zoning: CD-23: Comprehensive Development (Thetis Lake) Use: multi-unit residential Total Number of Units: 48 du (strata) Number of Unit Types: 1bdr – 25; 2br - 23 Affordable/Accessible Units: none Building Permit (BP) Status: BP issued on July 6, 2023 for 48 units Construction Status: in progress
7	7 Erskine Lane		Zoning: RM-3, Mixed Residential Use: multi-unit residential Total Number of Units: 71 du (rental) Number of Unit Types: 1bdr – 18; 2br – 50; 3bdr - 3 Affordable/Accessible Units: none Building Permit Status: building permit not received (Council approved development permit on May 2, 2023) Construction Status: not in progress

CONCLUSION

There are a total of five large projects that are currently under construction and two large projects with approved development permits; however, building permits have not been received or issued. Each category can be summarized as follows:

• five large developments currently under construction, which will deliver 690 new dwelling units, including 550 rental units and 140 strata units, within the next two years.
• two large developments have development permits; however, building permits have not been received or issued. If building permits are issued for these three projects then they will deliver 153 new dwelling units, including 71 rental dwelling units and 82 strata units.

To conclude, staff recommend that Council receive this report for information.

CONCURRENCE

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