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Letter

City of New Westminster Interim Density Bonus Policy

UDI Lower Mainland submission to City of New Westminster.

In Fall 2024, the City of New Westminster proposed amendments to the City's Interim Density Bonus Policy to apply density bonus payments to Purpose-Built Rental (PBR) projects. The building sector raised concerns as PBR buildings cannot absorb the same level of density bonus rates as strata residential developments.

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2024-10-07-UDI-Letter-on-City-of-New-Westminster-Interim-Density-Bonus-Policy.pdf / 208.54 KB
Published Oct 07, 2024

“[Example pull quote from the letter] The adage that ‘growth pays for growth’ is no longer sustainable and we must emphatically emphasize that DCC increases are challenging as the costs associated with development are skyrocketing and have an exponential impact on the viability of a project.”

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Download (pdf)

2024-10-07-UDI-Letter-on-City-of-New-Westminster-Interim-Density-Bonus-Policy.pdf / 208.54 KB
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