Amendment to CD-1 Rezoning 1402-1462 Burrard Street, 1401-1451 Hornby Street and 900 Pacific Street — Councillor Fry's inclusionary zoning amendment — Public Hearing, February 3, 2026

Motion 3 Defeated

Moved by Pete Fry

Summary

Councillor Fry moved to add an inclusionary zoning requirement to the Burrard/Hornby towers, directing that a share of units be offered at below-market rents, consistent with what the city expects of private developers on large sites.
Proponents argued city-owned land should set an example, that Vancouver's median household income is below the $90,000–$190,000 income bands contemplated for the market-rental units, and that locking in affordability now is preferable to relying on future councils to redirect revenue.
Opponents on council argued inclusionary requirements would reduce project viability in a difficult financing environment, that the project already lacks a confirmed funding vehicle (the government business enterprise was not approved by council), and that affordable housing would be better pursued through a future revenue-recycling model or separate VAHEF partnerships.
Staff noted that given the substantial existing strata-density permissions on the site, there is minimal land-value lift to support affordability requirements, and that 100% subsidized housing at this scale would consume the province's entire Vancouver allocation for years.
Defeated — Councillors Fry and Orr in favour; Mayor Sim and Councillors Kirby-Young, Dominato, Montague, Classen, Meisner, Joe, and Maloney opposed; Councillor Bly absent.