Vancouver's Downtown Eastside Gets Downzoned in 2010

Vancouver's city Council rejected the staff report which proposed four sites in Downtown Vancouver be redeveloped into condo buildings over 40 storeys. Instead they will allow two fifteen storey buildings in the Victory Square neighbourhood and some others in Chinatown South.

City Council passed a moratorium on all but one third of the Downtown Peninsula (east to Cabie Street Bridge) in 2009.

The one third that will be permitted to have new condo projects must be mixed use.

What will be the long term effect on cost of Downtown condos? Prices will rise and housing will be less affordable. The new buildings would have obstructed the view corridors of surrounding buildings.

Did Council make the right or wrong decision?

Buying or selling Vancouver real estate? Put my hyper-local experience to work for you!

Call Maggie Chandler 604-328-0077

No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
Posts By Date
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.