Buy land they said- especially in the Heart of Vancouver! Potential for Land assembly with lots next door to build either a 4 or 6 story market rental housing or other type of assembly. Under a new pending policy, rental buildings up to six storeys may also be allowed on low-density residential zoning along arterial streets, with the stipulation that at least 20% of the residential floor area be dedicated to below-market rental housing. The City of Vancouver is moving more quickly on housing options and these projects may not need to go through the typical time consuming rezoning applications. Land value only!
Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.