SILVERDALE NEIGHBOURHOOD ONE PLAN - District of Mission

Silverdale: District will need almost 12,400 dwelling units over thenext two decades in order to accommodate its projected populationgrowth. Based on development trends, and land capacity in otherparts of the District, outside of Silverdale, Mission can accommodateapproximately 6,371 dwelling units, comprised of 3,141 singledetached homes, 1,592 townhouses, and 1,638 apartments. Thissection shows the dwelling unit split between single-family andmultifamily units that Silverdale will have the potential toaccommodate based on the projections of demand by unit type andthe ability of other neighbourhoods to absorb that demand.Single-DetachedThe development potential in the rest of Mission over the2006 to 2026 period is for 3,201 single detached homes.The projected demand in the municipality over that period isexpected to be for 8,131 units, leaving a residual demandfor 4,930 units that could be accommodated in Silverdale.TownhousesSupply analysis showed that 1,592 townhouses could beaccommodated within the Cedar Valley and CentralMission/Core Area neighbourhoods. There could be demandfor 1,748 other ground oriented units (townhouses) over thenext two decades. It is assumed that Silverdale could capture35% of the townhouse market in the District. This would resultin demand for 612 townhouse units in Silverdale.ApartmentsPotential supply analysis showed that 1,392 apartmentscould be built within the Cedar Valley and CentralMission/Core Area neighbourhoods over the next twodecades, based on known developments at the Waterfrontand Parr Avenue, and the land capacity. The demandanalysis showed that the District of Mission could see demandfor 2,520 apartment units over the same period. IfSilverdale accommodates 35% of Mission's demand forapartments over the next two decades, which would reflectSilverdale’s position as one of 3 townhouse markets inMission including the Central Mission/Core Area, 882apartments could be developed in the new neighbourhood. 1010 Jorden Cook Associates and Colliers International, Housing Demand Study. April2008.Silverdale Neighbourhood One Plan | DRAFT July 15, 2008 | 25