Tim PringleExecutive Director

Convening for Action on Vancouver Island:

Green Value Perspectives

Three Parts

• Demand for Land

• Green Value Strategies: How are they important?

• Market Trends – Gauging the future

Growth = Change

Demand For LandDollar Value for all Development Permits

2001-2003 Compared to 2004-2006

• Vancouver Island Coast DR 269%• Alberni-Clayoquot 292%• Capital 148%• Comox-Strathcona 255%• Cowichan Valley 179%• Nanaimo 203%• Powell River 378%• Mount Waddington 118%

Demand For Land Comparing Development Regions

• Vancouver Island Coast DR 269%• Northeast DR 283%• Thompson Okanagan DR 224%• Kootenay DR 176%• Mainland South West DR 166%• Nechako DR 150%

Major ProjectsVan. Is. Coast DR – Value $15 million or Greater

These Projects Are Underway or CompletedCRD Other RDs

Residential,Recreation $3,129 $1,075& Resort (29) (14)

Commercial $ 853 $ 470& Industrial (19) (8)

Major Projects Proposed

CRD Other RDsResidentialRecreation $1,876 $2,400& resort (19) (12)

Commercial $1,324 $3,613& Industrial (15) (16)

Benefits

• Employment• Growth of commercial services• New residents (social capital)• Diversification• Built amenities• Active real estate markets• Increased property value

Liabilities

• Higher housing costs• Non-resident ownership• Dislocation• Exclusive developments for higher-end

market• Pressure on the ecology• Making nature a commodity

The Green Value Opportunity

New development is an excellent context for innovation to achieve improved balance of settlement and ecological values.

• Urban design• Building design• Infrastructure design

SettlementEcology

Settlement is human activity of any kind upon the land. It is habitation. Habitationis layered systems.

Ecology is natural systems. It is water, climate, flora and fauna, and their relationships.

Green Value Approaches atThree Scales

• Regional (city, town, area)• Large site• Small site / building

Noisette Community, North Charleston, South Carolina

Dockside Green, Victoria

East Clayton, Surrey

Hawthorne Community, Nanaimo

Photos: Hans Peter Meyer

Vancouver Island Technology Park, Saanich

Market Trends

Demand for LandTop Ten Regional Districts

2001-2003 vs. 2004-2006• Peace River 283%• Comox Strathcona 255%• North Okanagan 248%• Central Okanagan 236%• Okanagan Similkameen 223%• Sunshine Coast 208%• Nanaimo 203%• East Kootenay 198%• Thompson Nicola 188%• Central Kootenay 187%

Demand For Residential UnitsTop Ten Regional Districts

2001-2003, 2004-2006• Fraser Ft. George 266%• Comox Strathcona 260%• Thompson Nicola 222%• North Okanagan 198%• Okanagan Similkameen 195%• Sunshine Coast 182%• Nanaimo 177%• Central Okanaga 176%• Fraser Valley 167%• Central Kootenay 159%

Population TrendsNet Growth in BC’s Population

• 1996-2006 –lowest decade of growth in BC history at 10.4%1986-1996 29.2%1976-1986 16.9%1966-1976 31.6%1956-1966 34.0%

Population TrendsFastest Growing Communities 2001-2006

• View Royal 20.6%• Langford 19.2%• Port Moody 15.5%• Courtenay 14.5%• Surrey 13.6%• Sooke 11.1%• Kelowna 10.8%• Ladysmith 10.7%• Chilliwack 10.6%

Population TrendsWhere do People Come From?

• BC has a birthrate of 1.4%• Natural increase (births less deaths)

provide only 25% of the growth• Net inter-provincial migration provides 5%• Immigration provides 70%• 76% of immigrants (2001-2006) were from

Asia