Just say no?: Analyzing the effects of land use restrictions on market housing affordability in Squamish, B.C.
Subject
Abstract
Market housing is an integral aspect of the housing spectrum, traditionally
providing housing options for a wide range of incomes. Residents of several British
Columbian communities, however, increasingly face rising housing costs, reflected in
both market sales and rents. Local governments play a significant role in the affordability
of housing markets through their land use powers and control of the approval process for
residential development. This paper examines relevant land use restrictions in Squamish,
B.C. to assess how the elasticity and affordability of market housing options are either
promoted or limited by the local government’s land use policy. The findings of this
research indicate several land use provisions that restrict the elasticity of market housing
in Squamish. This research informs potential adjustments to land use policy aimed at
improving the elasticity and affordability of Squamish’s market housing stock.