July Market Update
Happy July from Vancouver Townhouse! I hope you had a fabulous Canada Day weekend! What a beautiful time of year to celebrate our amazing country with friends & family – PLUS some well-awaited blue skies and hot summer sunshine as this year’s cherry on top.
Adding some patriotism to July’s fun fact ~ did you know that Canada has the longest coastline of any country in the world at 243,977 kilometers? If you walked its full length never stopping (no resting, eating or sleeping), it would take you four-and-a-half years. That accounts for 202,080 of the world’s total 356,000 kilometers of oceanfront property. So remind me again why we can’t all have beaches for backyards… 🙂
Development Updates
A few updates for you on the Real Estate side, this month focusing on a couple of Vancouver’s long-term visions in Urban Planning:
- A new development is being proposed by Vancouver which would total nearly one million square feet across 6 towers. These would all be located at the end of Granville St Bridge. If approved, the rezoning would allow for two 40-storey towers of market condos, two 27-storey towers and two 12-storey towers of mixed condos, rentals and social housing. Since it was proposed, the plan has received mixed reviews from residents concerned with building height, overdensity, etc. – you can read more about the proposed project here.
- Another discussion at the table is the “Vancouver plan” – a 30-year project that includes the enablement of townhouses and multiplexes. This would be completed through rezoning across areas currently zoned for detached homes only. This plan would include the addition of amenities and shopping areas within each of these neighborhoods to create what’s being called a “complete neighborhood”. The goal of this is to address concerns that more than half of Vancouver residents live without walking access to daily needs.
That’s it for now! Should you find time amidst this beautiful & adventure-filled season to reach out and connect, I’d love to hear from you. Until then, happy summer!
Warmest Always,
Ariane
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Ariane Benjamin
