On Broadway

(Written jointly with Jens von Bergmann and cross-posted at MountainMath)

We have finally found some time to take a closer look at the Broadway Plan. There are many good things to say about the plan, it adds housing in an amenity and job rich area about to get a new subway line. It promises to not just undo the downzoning the city imposed on parts of the area in the 1970s but enables a bit more housing to make up for lost time.

The plan also tacks heavily against the displacement risk to renters in the established rental apartment areas by both 1) limiting the redevelopment potential in those areas and 2) increasing the strength of tenant relocation and right of return policies, a hard-learned lesson from the redevelopment activity around Metrotown in neighbouring Burnaby. In short, overall there’s a lot to like.

In this post we want to accomplish several somewhat diverse goals

  1. Provide some code to improve the data analysis in the plan that uses census data,
  2. Place the Broadway plan more firmly into context of historical zoning changes in that corridor, and
  3. Interrogate the decision to limit development potential in the existing low-density areas, which we have argued in the past make for ideal sites to concentrate development becaues of their low displacement implications.

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Estimating Suppressed Household Formation

(Written jointly with Jens von Bergmann and cross-posted at MountainMath)

TL;DR

We develop and elaborate a Montréal Method for estimating housing shortfalls related to constraints upon current residents who might wish to form independent households but are forced to share by local housing markets. Applying simple versions of the Montréal Method to Metro Areas across Canada suggests that Toronto has the biggest shortfall, which we estimate at 250,000 to 400,000 dwellings, depending upon assumptions. For Vancouver, the estimated shortfall range is narrower, from roughly 75,000 to 100,000 dwellings. But models suggest housing shortfalls remain widespread, and there is much room for further elaboration. Note: shortfalls estimated in this post only account for those due to suppressed household formation among residents and do not account for e.g. migration pressures, which means that overall housing shortfalls are likely much larger.

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