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flag B.C. government reduces parking requirements in transit areas to lower housing costs amid soaring parking construction expenses.

flag Parking space construction costs in Metro Vancouver have surged, with new stalls costing up to $230,000 due to poor soil and high water tables. flag Reducing parking can lower development costs by 35% to 47%. flag The B.C. flag government has removed minimum parking requirements in transit-oriented areas to reduce housing costs and promote greener transport, though challenges remain in local government authority and the impact on housing costs.

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