Delivering Moderate-Income Rental through Mixed-Tenure Housing in Metro Vancouver: Market and Policy Challenges and Opportunities

There is currently a large and growing unmet demand for affordable moderate-income rental housing in Metro Vancouver. To address this issue, recent studies and programs have focused on increasing the supply of purpose-built rental apartments, and condo and secondary suite sublets, but another potential mechanism which has been little explored is mixed-tenure housing (projects which include both condo and purpose-built rental units). This internship will provide a local real estate developer, Concert Properties, with: information on the feasibility of using mixed-tenure housing to deliver moderate-income rental housing to the market; and recommendations for which policy and financial models can best support this type of development in Metro Vancouver. This internship will include: literature review; study of publicly available information; statistical market data analysis; interviews; and creation and analysis of development pro-formas.

Faculty Supervisor:

Dr. C. Tsuriel Somerville

Student:

Bronwyn Jarvis

Partner:

Concert Properties

Discipline:

Business

Sector:

Finance, insurance and business

University:

University of British Columbia