Vancouver Downtown Building Heights Rejected by City Hall
January 26th, 2010 Categories: Downtown, Real Estate
Today 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.
view my recent post on the topic
As our city grows the demand for accommodation Downtown will grow. City Council passed a moratorium on all but one third of the Downtown Peninsula (east to cambie street bridge) last year. The one third that will be permitted to have new condo projects must be mixed use. Long term effect on cost of Downtown condos? Prices will go up and housing will be less affordable. The new buildings would have obstructed the view corridors of surrounding buildings.
Did council make a right or wrong decision?
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call Maggie when you’re ready to buy or sell Vancouver real estate, an experienced realtor since 1981
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