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Port Moody surpassing provincial housing targets for now, but new applications fall by 70 percent: report
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Port Moody surpassing provincial housing targets for now, but new applications fall by 70 percent: report
photo Jeremy Shepherd A sharp decline in new development applications could threaten Port Moody’s progress towards its five-year housing targets, despite the city being ahead of schedule. On Nov. 12, a staff report to council on its progress toward the provincial housing targets showed there has been a 70 percent decline in the number of units in the rezoning stage – typically the earliest signal of future supply – from the 2023/2024 reporting p…
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