Transit Oriented Areas (TOAs) and the future of homeownership in Vancouver BC

The Province of British Columbia has introduced new rules around housing density near transit stations, and Vancouver is one of the cities where these changes will be most noticeable. Known as Transit-Oriented Areas (TOAs), these zones aim to increase housing options, improve access to amenities, and encourage the use of public transport. Here’s what you need to know as a homeowner or potential buyer:

What are Transit-Oriented Areas?

TOAs are areas within a specific radius of transit stations, including SkyTrain, bus exchanges, and West Coast Express stations. The goal is to create complete, mixed-use communities around these transit hubs. In Vancouver, TOAs are already in effect in areas with transit-supportive land use plans.

• SkyTrain Stations: TOAs extend 800 metres from the station.

• Bus Exchanges and West Coast Express Stations: TOAs extend 400 metres from the station.

Map of Transit-Oriented Areas in BC

Key Changes and What They Mean for You

1. Increased Density: The province is introducing minimum density requirements for land zoned for residential use within TOAs. This means more apartments, condos, and townhouses can be built near transit stations. For example, near SkyTrain stations, the minimum allowable density for Tier 1 land can be up to a Floor Area Ratio (FAR) of 5.0 and a building height of up to 20 storeys within 200 metres of the station. For Tier 3 land, the minimum allowable density is 3.0 and a building height of up to 8 storeys. Where there is overlap of two different zones, the Tier with the greater minimum density requirements will apply.

   Impact: This could mean more housing options, but also potential changes to neighbourhood character.

2. Parking Restrictions: Local governments cannot require off-street residential parking in TOAs, except for accessible parking. Developers can still choose to include parking, but it's not mandatory.

   Impact: This could reduce construction costs and potentially increase the number of housing units. It also encourages the use of public transport.

3. Bylaw Implementation: The policy required that municipalities had until June 30, 2024, to implement align bylaws with the TOA policy, however, some municipalities have requested extensions on these deadlines.

   
   

How Transit-Oriented Areas Benefit Homeowners and Buyers

• Convenient Living: TOAs prioritize access to public transport, making it easier to get around Vancouver without a car.

• Access to Amenities: These areas are planned to include a mix of housing, shops, services, and employment opportunities.

• Investment Value: Properties in well-planned TOAs tend to retain their value due to their desirable location and access to transit.

  
  

Considerations for Property Owners

• Rezoning Potential: If you own property within a TOA, there may be opportunities for rezoning to allow for higher density development. Keep in mind that the city can’t reject a rezoning proposal if it aligns with the province's minimum density requirements, even if it exceeds current zoning bylaws.

• Property Value: While increased density can be a concern for some, the proximity to transit and amenities can also make your property more attractive to potential buyers.

  
  

Where do these requirements apply?

The regulations identify the locations of prescribed transit stations. A comprehensive list of all provincially prescribed transit stations for designation as TOAs can be found in the regulations, however, the map of Transit-Oriented Areas, above, shows the scope of the legislation across British Columbia.

To discover more about how Transit-Oriented Areas (TOAs) could affect your property or potential real estate investments, reach out to us today. With changes to density, parking, and land use planning around transit stations, staying informed is key. We can help you understand the implications of the Minimum Density Framework, rezoning opportunities, and the benefits of living in a transit-oriented community. Contact us to learn how these changes can benefit you!.