Metro Vancouver has hosted a series of panel discussion in the Metro Vancouver region to address a whole range of issues relating to commercial real estate development and transportation planning. Some of the issues that have been raised by Metro Vancouver include:
- By 2040, the Metro Vancouver population is projected to increase by 1.2 million, with 600,000 additional housing units and 600,000 additional jobs.
- There is a need to create compact urban areas in the various city centres in the Metro Region; these Urban Containment Boundaries will help focus growth in urban centres - such as Surrey Metro Centre, Coquitlam Regional City Centre, Regional City Centres, Municipal Town Centres and Frequent Transit Development Areas (FTDAs); such development should be limited in non-urban areas.
- The FTDAs should complement the network of urban centres.
- New growth areas should be focused on the Frequent Transit Network (FTN), with an 800 meter radius from a SkyTrain station and a 400 meter distance from a frequent bus route. 27% of new housing and jobs are projected to be developed in these FTDAs.
- The FTDAs are priority areas of higher density development and investment - they support municipal goals on mode share targets; and they increase development activity in an area with transit investments, as well as contributing to the revitalization of an area.
- Transportation objectives include better utilization of the FTNs and more accessibility to FTNs for residents, workers and businesses.
- Municipalities' Official Community Plans must identify a linkage with the goals, strategies and actions identified in the Regional Growth Strategy.
- Key lessons learned so far: need for better coordination of land use and transportation; the need to think across municipal boundaries; the market needs to be on board; and the need to keep the focus on urban centres to create corridors of development throughout the region.
Have any thoughts or questions about the above? Please leave a comment below and join in the discussion.
Darlene Hyde, Executive Director of NAIOP Vancouver