Silverdale density.I am still trying to get my head around this law, but first guess is that new single detached housing zoning is done.
In one step, demand for detached housing has to focus on resales.
If you own raw land like MPC, you end up with density that makes land value worth more.
From a provincial web site.
The proposed legislation and forthcoming regulations will permit one secondary suite or one laneway home (accessory dwelling unit) in all communities throughout B.C.
In most areas within municipalities of more than 5,000 people, these changes will also require bylaws to allow for:
three to four units permitted on lots currently zoned for single-family or duplex use, depending on lot size;
six units permitted on larger lots currently zoned for single-family or duplex use and close to transit stops with frequent service.
Municipalities covered by the legislation may permit additional density if desired, but cannot have bylaws that allow for fewer permitted units than the provincial legislation.
The legislation will also speed up local housing development approvals, by shifting local planning and zoning processes to happen up front. It will require municipalities throughout B.C. to expedite and streamline permitting by updating community plans and zoning bylaws on a regular basis, to ensure that they have enough housing to meet the needs of both their current and future residents. This will help create more certainty for both community members and home builders.
New proposed changes will also phase out one-off public hearings for rezonings for housing projects that are consistent and aligned with the official community plans. Instead, there will be more frequent opportunities for people to be involved in shaping their communities earlier in the process when official community plans are updated.