Coriolis was selected by a group of cooperating agencies, including Metro Vancouver, TransLink, BC Housing, and Van City Credit Union to identify strategies to increase the amount of new rental housing constructed in locations with high transit service. The study identifies the market and financial barriers that are limiting the amount of rental construction and explores the potential to address these barriers with zoning, cost reduction, creative financing, and other levers.

The City of Burlington, Ontario is experiencing an increase in market interest in redevelopment to create new higher density residential projects, in part because of strong housing price growth in the GTA. The City asked Coriolis to help it increase its capability in analyzing how much new density is needed to make redevelopment financially viable and in using provincial legislation to obtain public benefits that address the needs and impacts of new development.

The owners of a major Vancouver area regional shopping centre retained Coriolis to provide market analysis and financial modeling for a proposed complete redevelopment to include high density residential, ground floor retail, office, hotel, and other uses.

Coriolis has been engaged by the Prince George Airport Authority to identify potential opportunities for development of air-side and ground-side lands for light industrial use.

Coriolis is assisting the City of Surrey in evaluating potential for transit oriented development (TOD) and higher density urban development at station locations on proposed LRT lines extending from Surrey City Centre to South Surrey and to Langley.

Calgary, Alberta

For the City of Calgary, we have conducted several major market studies regarding the future amount and distribution of high density multifamily residential development in the City. These projects have included:

• Forecasting potential residential growth in Downtown, including recommendations for how to increase Downtown’s share of future high density housing development.
• Estimating the share of high density residential development that can be attracted to transit station locations, with implications for the number of transit-oriented development nodes the City should be trying to implement over the next 10 to 20 years.
• Estimating the rate of growth in a central city redevelopment area in which essential major infrastructure upgrading is being funded via tax increment financing.

Mid and Southern Vancouver Island, BC

For a forestry company with large land holdings, we analyzed the market potential for different forms of residential development for large tracts of vacant land that are no longer required for harvesting and that are in or near existing urban areas. Our analysis included potential for recreation homes, estate lots, and urban residential depending on the location and characteristics of the sites.

Vancouver, BC

We completed detailed market and financial analysis of Vancouver’s purpose-built rental housing stock, as inputs to a major rental housing strategy.  Our work included analysis of the inventory in terms of risk of redevelopment based on market demand and financial performance of retaining existing units versus demolition for market condominium. Our work also included an analysis of policy and regulatory mechanisms to improve the financial performance of new rental housing relative to new condominium development, to help the City identify actions that would lead to new rental construction.

Kelowna, BC

We worked with a team to redevelop a 25 acre former rail yard site at the northern end of Downtown Kelowna, BC.  Our role included identifying development opportunities and providing input to the conceptual development plan and zoning bylaw that governs development at the site.

Surrey, BC

For the City of Surrey, we completed a comprehensive analysis of the prospects for different types of light industrial development in the Campbell Heights area of Surrey. This included a detailed assessment of the potential demand from technology companies as well as traditional industrial and commercial businesses. We then worked with staff to help develop a land use and development strategy for this 1900 acre industrial area.