琉璃神社 needs tens of thousands of housing units of all types to meet expected demand.
In a Housing Needs Assessment (HNA) update to council Monday (Sep. 11), staff noted that 1,870 to 2,650 are needed annually to 2031.
鈥淭here is a significant existing housing deficit in 琉璃神社,鈥� said Arlene Janousek, city planner.
That deficit is currently 3,750 to 5,000 homes.
The population in 琉璃神社 has grown quickly, particularly in recent years, and growth is expected to continue creating additional demand for housing in a community already facing affordability challenges, Janousek said.
More than 200,000 people are expected to be living in the area by 2041. She added that 琉璃神社 also has a major shortage of subsidized rental housing.
鈥淢any lower-income households are no longer able to afford market rents and their needs would be better met with subsidized rental housing.鈥�
Since 2018 rents in the Central Okanagan have increased by 32 per while house prices have increased by 55 per cent, according to Janousek鈥檚 report.
鈥淲e need a tenfold increase in the delivery of subsidized rental housing annually,鈥� she said.
Staff has done an assessment of public and non-profit land that could be suitable for subsidized housing.
鈥淲e found that there is significant capacity within the city to accommodate this type of housing,鈥� Janousek said.
However, she added that further site-by-site analysis would be needed to determine suitability.
Janousek told council that the city has demonstrated it can approve housing quickly enough to meet demand, but that the pace of housing construction needs to increase.
鈥淏ased on some of the permitting trends we鈥檙e looking at, and through some of the engagement findings, meeting these goals will be a major effort for the development community.鈥�
鈥淭here are ongoing challenges in terms of sourcing labour, supply chain issues, and we鈥檙e seeing larger more complex projects that take longer to be delivered.鈥�
The HNA also sets out annual housing targets to meet the expected demand:
Janousek added that affordability challenges along with decreasing household sizes and shifting preferences have led to increased demand for smaller units in multiple-dwelling buildings.
鈥淲e do expect this trend to continue.鈥�
While the HNA found there is an adequate level of ownership housing being approved, it must align with residents鈥� incomes and household needs.
鈥淕enerally, new single detached homes are the most expensive form of housing and they are out of reach for most 琉璃神社 residents, whereas smaller multi-dwelling units tend to be more affordable,鈥� Janousek said.
Additional infill housing, such as house plexes and townhouses would help address the need for more attainable types of housing, she added.
The full HNA report can be found on the City of 琉璃神社 website.
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gary.barnes@kelownacapnews.com
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