Current Planning Projects
Market Rental Housing PolicyMarket Rental Housing
Market rental housing is an important part of Richmond's housing stock. This type of rental housing is provided by the private sector and rented at market rates.
Richmond City Council adopted a Market Rental Housing Policy on September 4, 2018. The policy seeks to protect the supply of market rental housing units in the city, support tenants at the time of redevelopment and encourage the development of new market rental housing. The policy is part of the City's Official Community Plan and Zoning Bylaw.
With the adoption of the Market Rental Housing Policy, Council directed staff to report back in six months on the uptake of the policy and to examine other means of increasing the market rental housing supply in Richmond.
On April 2, 2019, a report was presented to Planning Committee that provides a six-month review of the Market Rental Housing Policy, discusses potential additional incentives and identifies approaches to implementing residential rental zoning tenure zoning in Richmond. Included in the report was a proposed Zoning Bylaw Amendment, Bylaw 10014, to rezone 60 existing purpose-built rental housing sites to limit the tenure of residential units to rental only.
Upon consideration by Planning Committee, the report was referred back to staff for public consultation. Planning Committee also directed that the proposed Zoning Bylaw Amendment be brought back at a future date.
Residential Rental Tenure Zoning
In May 2018, the Province of British Columbia amended the Local Government Act to provide municipalities with a new authority to zone for residential rental tenure. The legislation allows local governments to limit the form of tenure in multi-family residential areas to rental. Through their zoning bylaws, municipalities may require that a certain number, portion or percentage of housing units in a building be rental. Residential rental tenure zoning is intended to provide local governments with a greater ability to preserve existing areas of rental housing and to increase the supply of rental housing in their communities.
Further information about residential rental tenure zoning may be found in the following bulletin from the BC Ministry of Municipal Affairs and Housing:
July 3, 2018 BC Ministry of Municipal Affairs and Housing Residential Rental Tenure Zoning - Bulletin
Consultation and Next Steps
Public and Stakeholder consultation on the approaches to residential rental tenure zoning will take place between May 21, 2019 and June 16, 2019. A feedback survey will be available on LetsTalkRichmond.ca during that period, and a public Open House will be held at the following date and location:
|Public Open House Details|
|Date:||Thursday, June 6, 2019|
|Time:||4:00 pm - 8:00 pm|
|Location:||Richmond City Hall - Atrium
6911 No. 3 Road
Recent Reports to City Council
Below are links to pertinent reports to Council and the corresponding minutes.
Reports are provided in Adobe Acrobat PDF format.
|2019-Apr-2||Market Rental Housing Policy
and Approaches for
Residential Rental Tenure
|2018-Sept-4||Bylaws 9879, 9889 and
|2018-Jul-9||Market Rental Housing Policy
|2018-Jul-4||Market Rental Housing Policy
(to Planning Committee)
|2017-Nov-14||Proposed Draft Market Rental
|2017-Nov-7||Proposed Draft Market Rental
(to Planning Committee)
September 2018 - Market Rental Housing Bulletin
February 7, 2018 - Public Workshop Agenda
February 7, 2018 - Public Workshop Presentation
November 14, 2017 Draft Market Rental Housing Policy Presentation to Council
If you would like further information about the Market Rental Housing Policy, please contact:
Senior Planning Coordinator
Policy Planning Department