[whatnext]

Originally Posted by Changing City

In general, no. There's was one project in the West End that wasn't in any program - so strictly market rental, luxury tower, significant increase in density, where the City's real estate department said there was a large enough increase in land value to seek a CAC, and the developer baulked and sold the building. That's the only example I can think of. If a developer seeks to build in the City of Vancouver's Rental 100 program (for example), not only do they not pay a CAC, but they can also avoid the fixed rate DCL payment that every development project otherwise pays.

So the smart money with a long term horizon would invest in building rental and avoid all the CACs. There's alway rental demand in Vancouver, I don't recall a time when the vacancy rate was ever above 2-3%.