Faculty

Restricted home ownership options for tenure and tenure-track faculty will help UBC to compete with peer universities and recruit the caliber of faculty needed to remain a globally-significant university.

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The University Community on Campus – UBC’s Housing Action Plan is an important opportunity to differentiate UBC from other universities in a high-cost jurisdiction and a competitive world-wide market for talent. 

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Housing program options in the Plan available to faculty include the following:

Restricted Resale Capped Appreciation

Under this option, and subject to the conditions outlined in the program description, a limited number of leasehold units will be made available on campus for approved faculty priced at 33% below unrestricted benchmark prices with restricted resale and capped appreciation conditions. Click here for full program description.

Please note that any taxable benefit implications for this housing program would be the responsibility of the employee.

Restricted Second Mortgage Loan

On February 4th, 2014 the Board of Governors approved a pilot faculty home ownership program under Policy 1 of the Housing Action Plan, offering 150 spots over the next three years.  Click here for full program description.

 

Financial Assistance Program

To improve the ability of tenure and tenure-track faculty to access the University’s Housing Assistance Program, the eligibility period for the Program was extended from seven years to 10 years.

This program assists full-time tenured and tenure-track faculty as well as very select staff groups at UBC Vancouver in the purchase of a home in Metro Vancouver in the form of an interest-free loan or mortgage interest assistance.

Restricted Rental Housing

UBC will continue to offer restricted rental housing for faculty, staff and post-doctoral fellows, with up to 2/3 of new rental housing built on campus restricted to faculty and staff, making UBC a leader in employment and housing policy.

Rents for restricted rental units will reflect costs and expenses and are anticipated to be approximately 25% below average rates charged for unrestricted housing on Vancouver’s west side.

Preferential Access to Market Leasehold Units

To improve opportunities for UBC faculty and staff to purchase market leasehold units on campus, UBC, working with UBC Properties Trust, will provide preferential and early access for faculty and staff to purchase new units before they are released for sale to the general public.

Preferential access to new market leasehold units is expected to be in place before the end of 2012.

Note that this is not a financial benefit.

Next Steps and Frequently Asked Questions

See Next Steps for more information on the implementation of the Plan and the FAQs section for answers to frequently asked questions.

a place of mind, The University of British Columbia

UBC Board of Governors
Community Planning Task Group
6328 Memorial Road, Room 121,
Vancouver, BC, V6T 1Z2, Canada
Tel: 604.822.2127
Email:

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