‘At a reckoning point’: City of Vancouver to defer fees paid by developers to prevent new housing slowdown

Vancouver City Council plans policy changes to boost housing amid rising construction costs and stalled projects. Measures include deferring Development Cost Levies (DCLs) and Community Amenity Contributions (CACs) payments, expanding Surety Bonds use, and freezing some fee increases. These aim to improve project viability, free developer capital, and maintain public benefits despite market challenges. Larger tower floor plates and streamlined approvals will also aid development.