nearly-4,300-properties-in-broadway-plan-and-cambie-plan-areas-to-be-proactively-rezoned-by-the-city-of-vancouver
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Nearly 4,300 properties in Broadway Plan and Cambie Plan areas to be proactively rezoned by the City of Vancouver

The City of Vancouver is moving forward with a sweeping proposal to proactively rezone thousands of properties in the Broadway Plan and Cambie Corridor Plan areas, as part of an ambitious effort to streamline the development process and boost housing supply near existing and future SkyTrain stations. In next Tuesday’s public meeting, City Council is expected to endorse City staff’s recommendation to refer bylaw amendments to a future public hearing for deliberation and final decision, which would likely be held in September or October — after the forthcoming summer break. This follows City staff’s public consultation beginning in March 2025, when they first announced the proposal. In an interview with Daily Hive Urbanized early this year, Josh White, the City of Vancouver’s general manager of planning, urban design, and sustainability and director of planning, also outlined many of these forthcoming changes. More details have now been released. If approved by City Council later this year, this would introduce standardized zoning for low-rise, mid-rise, and high-rise residential buildings — generally aligning with the existing prescriptions and stipulations of the property’s location under the Broadway Plan or Cambie Corridor Plan, while also considering more recent economic and financial viability factors. Generally, R3 zones would allow low-rise apartments up to six storeys — or eight storeys with affordable housing, and a floor area ratio (FAR) density of a floor area up to three times the size of the lot. R4 zones would support mid-rise buildings, typically around 12 storeys and a FAR density of up to 4.0. R5 zones would permit high-rise towers up to 22 storeys and a FAR density of up to 6.5, depending on the proximity to SkyTrain stations and affordability requirements. It is noted that FAR densities will be retained, but a more generous maximum building height will be considered to accommodate a greater range of design approaches due to varying site conditions and on-site public spaces and landscaping. Through such City-initiated rezoning over large swaths of neighbourhoods, this eliminates the need for property owners, developers, and builders to submit an individual rezoning application for their project. Instead, such projects on a City-initiated rezoned site can go straight to the development permit application, which will save applicants costs related to City fees and hiring architects and consultants to achieve the rezoning regulatory step, as well as reducing opportunity costs and added construction costs from inflation as a result of a longer timeline. City staff estimate that these blanket zoning reforms over the qualifying properties will shave 12 to 15 months off the overall development timeline. As well, this will reduce City staff’s time set aside for reports and public hearings with City Council, enabling them to reallocate resources to other tasks and priorities. So far in 2025, rezoning applications in the Broadway Plan and Cambie Corridor Plan account for about 40 per cent of all public hearings. In sites where a tower form is permitted and complex site conditions also exist — such as tower per block limit policies, building shadowing considerations, and contaminated soils, a “rezoning-to-district” process would still be required. This rezoning-to-district process would be streamlined and shorter than the standard rezoning process. The overwhelming majority of these properties are located within the Broadway Plan area, specifically sites closest to the Millennium Line’s future stations on the Broadway extension, as well as southern areas within the area plan. For the Cambie Corridor Plan area, the properties are clustered near the Canada Line’s Oakridge-41st Avenue Station. In total, the City-initiated rezoning would apply to 4,294 parcels across the Broadway Plan and Cambie Corridor Plan areas. City of Vancouver City of Vancouver City of Vancouver Over the last few years, the municipal government performed some notable City-initiated rezonings of large single-family neighbourhood areas in the Cambie Corridor Plan, enabling more expedited townhouse developments as already prescribed by the area plan. However, the forthcoming changes are the largest standardized rezoning in Vancouver’s history, and align with the Government of British Columbia’s legislated requirements for the City and other municipal governments. This specifically aligns with provincial legislation relating to transit-oriented development at designated Transit-Oriented Areas and other regulatory changes. As well, through these changes, the City will standardize affordable housing requirements using newly enabled provincial inclusionary zoning powers. Additionally, the real estate industry and provincial officials have called individual site-specific rezoning applications as redundant if the proposed uses and built form are already enabled by an area plan. In addition to aligning with the Broadway Plan and Cambie Corridor Plan, the changes also follow the City’s 2022-approved Vancouver Plan. While there was strong support for the initiative during the public consultation earlier this year — especially for its potential to speed up much-needed housing — concerns were raised about neighbourhood character, infrastructure capacity, and construction impacts. City staff responded by noting that all developments will still undergo design review, and there will still be an opportunity for public input at the development permit application stage. Enhanced tenant protections will remain in place for areas with existing rental housing. A time-limited approach will allow current rezoning applicants to transition into the new zoning framework without redoing tenant relocation plans, as long as they submit development permits within one year of bylaw enactment. Currently, there are about 40 in-stream rezoning applications involving Tenant Relocation Plans within the proposed City-initiated rezoning areas. It is noted that some of these project applicants may withdraw their

vancouver-mayor-seeks-to-unlock-development-potential-of-five-‘exceptional’-sites
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Vancouver mayor seeks to unlock development potential of five ‘exceptional’ sites

Mayor Ken Sim is calling on City of Vancouver staff to explore new planning approaches for five strategically located industrial areas that could play a pivotal role in delivering both jobs and housing — particularly near existing and future SkyTrain stations. In a member motion expected to be approved by Vancouver City Council next week, Sim is calling on City staff to process without delay existing and new rezoning applications at what he describes as five “exceptional sites” across the city. Furthermore, City staff will perform a deep dive on the technical and policy implications of the redevelopment potential of each site. One of the biggest hurdles is the designation of these sites as protected industrial lands by Metro Vancouver Regional District. The regional district is generally very cautious with removing industrial land designations, as the region is experiencing a growing industrial land shortage, which is having major economic implications. At the same time, some of the protected industrial lands across the region are no longer suitable for traditional industrial uses for reasons such as site-specific issues, the location adjacent to emerging residential areas, and accessibility to major roads required for truck traffic, as well as the opportunity costs of not optimizing transit-oriented development sites near SkyTrain stations. The five sites identified by Mayor Sim are the former Molson Brewery at the south end of the Burrard Street Bridge, the former industrial sites owned by the municipal government at the southeast corner of the intersection of Main Street and Terminal Avenue next to SkyTrain’s Main Street-Science World Station, the Marine Gateway area next to SkyTrain’s Marine Drive Station, and the Mount Pleasant Industrial Area. Concord Pacific owns the 7.6-acre former Molson Brewery site. Prior to the pandemic, the developer unveiled its “Quantum Park” concept of redeveloping the under-utilized property into towers up to 25 storeys, with 1.8 million sq. ft. of building floor area providing 300,000 sq. ft. of creative industrial, office, and retail/restaurant space and 3,000 homes. The brewery was built at a time when False Creek saw heavy industrial uses. As well, the site’s freight needs were previously served by Canadian Pacific’s Arbutus railway corridor, which has since been dismantled, sold to the City, and converted into its current uses as an active transportation greenway. Moreover, the adjacent built form of the Senakw’s high-density grove of towers up to 58 storeys likely sets some new precedent for what is possible for Concord’s brewery site. Previous 2019 artistic rendering of Quantum Park, the redevelopment of the old Molson Coors brewery in Vancouver, conceived before the Senakw project. (Concord Pacific) Previous 2019 artistic rendering of Quantum Park, the redevelopment of the old Molson Coors brewery in Vancouver, conceived before the Senakw project. (Concord Pacific) Previous 2019 artistic rendering of Quantum Park, the redevelopment of the old Molson Coors brewery in Vancouver. (Concord Pacific) PCI Developments has also been looking to build a second phase of Marine Gateway on a five-acre site, replacing car dealerships immediately south of the 2015-completed first phase. Marine Gateway’s second phase would feature more high-rise towers — providing significant secured rental housing and affordable home ownership units on top of substantial creative/light industrial uses and some additional retail/restaurant space. The City of Vancouver also has a major works yard immediately east of this site. Previous 2021 artistic rendering of Marine Gateway Phase 2 at 8530 Cambie St., Vancouver. (Perkins&Will/PCI Developments) Previous 2021 artistic rendering of Marine Gateway Phase 2 at 8530 Cambie St., Vancouver. (Perkins&Will/PCI Developments) The Mount Pleasant Industrial Area is the largest of the five sites, spanning the general area framed by Cambie Street to the west, 2nd Avenue to the north, Main Street to the east, and Broadway to the south. Within the City’s Broadway Plan area, Sim states this is a centrally-located employment district with sites within the provincial government’s legislated Transit-Oriented Areas, specifically around SkyTrain’s Broadway-City Hall and Olympic Village stations and the future Mount Pleasant Station. He suggests there is a need for “modernized policy guidance” to “support innovative tech clusters, light industry, and creative economy uses while carefully considering residential uses.” Currently, existing policies allow for a broader range of uses only along the perimeter of the Mount Pleasant Industrial Area. This has enabled high-density, mixed-use residential and office developments along the west side of Main Street, including projects such as the Main Alley tech campus and the City Centre Motel redevelopment. Sim’s motion suggests he wants to go even further than the current allowances. Mount Pleasant Industrial Area. (City of Vancouver/Google Maps) October 2022 artistic rendering of Prototype/M5 at 2015 Main St., Vancouver. (Henriquez Partners Architects/Westbank) Artistic rendering of the City Centre Motel redevelopment at 2111 Main St., Vancouver. (Musson Cattell Mackey Partnership/Nicola Wealth Real Estate) The fourth site at the southeast corner of Main Street and Terminal Avenue has been planned as an “Innovative Hub” under the City’s False Creek Flats Plan. A mix of innovation economy uses are envisioned, including laboratories, research and development, creative/light industrial, tech offices, arts and cultural facilities, local food economy spaces, some residential uses, and the active ground-level uses of retail and restaurants. Recently, the City conducted a procurement process seeking a contractor to conduct a detailed technical feasibility study identifying redevelopment options for this 11.5-acre City-owned property next to Main Street-Science World Station. The fifth exceptional site identified by Sim is the 11-acre Railtown district spanning about six city blocks

world’s-tallest-passive-house-planned-for-vancouver-in-doubt-as-developer-faces-$91m-debt
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World’s tallest Passive House planned for Vancouver in doubt as developer faces $91M debt

Recent legal developments could put the world’s tallest Passive House, planned for Vancouver, in doubt. Daily Hive Urbanized first reported on the development in 2020, when the Vancouver City Council approved a rezoning application by Henson Developments for 1059-1075 Nelson Ave. The project was given the name “Curv” and was planned to be a 60-storey mixed-use green building. The developer behind it is the Brivia Group, based in Montreal. The developer is also referred to as Brivia Family Investments in court documents. Information found in those court documents available on the province’s court registry offers more details behind the recent legal developments that could impact the future of Curv. The BC Supreme Court filings include a petition to the court and notice of application from the Royal Bank of Canada. According to the Notice of Application, the debtors are controlled by the Brivia Group, with RBC serving as the administrative agent, syndication agent, and lead arranger. RBC is now demanding payment of $90 million thanks to a loan that matured on April 30, 2025. The debtors were required to pay an extension fee of $225,000 to the lenders to extend the payment deadline to July 31, 2025; however, the lenders never received the extension fee, leading to an event of default. As of July 10 of this year, the total amount that the debtors owe is just over $91 million. The receivership application will be heard by the BC Supreme Court on July 25, 2025. The Vancouver Passive House was to be built on the same city block as the newly completed Butterfly tower. It would’ve become the fourth-tallest building in Vancouver at 586 feet, slightly taller than the Butterfly, which Revery Architecture says is 556 feet. When City Council initially approved Curv’s rezoning in June 2020, the 60-storey tower was to include 102 social housing units within the lower levels, 50 secured purpose-built market rental units within the middle levels, and 328 strata market ownership condominium homes within the upper levels. City Council later approved proposed revisions, including a cash payment by the developer of $55 million to the City to remove the on-site obligation of 102 social housing units in the tower’s lower floors. Despite all the planning, prior to the legal proceedings, the developer hadn’t yet broken ground on the project. We’ve contacted the Brivia Group for comment.

what-every-first-time-home-buyer-should-know
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What Every First-Time Home Buyer Should Know

The Recipe You Need to Succeed Attend our seminar where we’ll give you real answers, home-buying strategies, and a recipe for success proven by our clients. We will provide you with a step-by-step guide with everything you need to know when it comes to buying your first home. Even if you are not a first-time buyer, all buyers are welcome! Our First-Time Home Buyer Seminar will offer you the perfect roadmap for your buying journey, where you can expect: In-depth insight into market trends A comprehensive understanding of the buying process, including where to start Clarity on what you can afford and how to prepare your finances At the end of the seminar, you will also connect one-on-one with our award-winning agents. With your dedicated guide, you can ask all your questions and receive valuable tips that reflect your unique circumstances. Whether you are looking to buy a pre-construction or a resale property, our GTA-Homes agents are prepared to walk with you while connecting you with other reliable real estate professionals you will need to have on your team. Decision to Rent or Buy Although buying a home may seem out of reach, most renters don’t realize how much money they’re actually spending each year on someone else’s mortgage and profit. Owning a home almost always comes out ahead because your monthly rental payments could have been helping you build equity in your own home instead! It also helps to factor in tax benefits, property appreciation, and other incentives when you buy. Let’s compare the numbers to give you a clear picture. If you are currently renting at $2,500 per month, plus about $130 in utilities, you’re paying $2,630 monthly or $31,560 a year. This money will only cover your cost of living and won’t do much else for you. It primarily goes toward paying off your landlord’s mortgage. Now let’s look at the monthly carrying costs of owning your own home. Let’s say you purchased a $500,000 home with a 20% down payment to avoid additional mortgage insurance fees and took on a fixed 30-year mortgage at 4% interest. Your monthly payments will need to include your mortgage payments, property taxes (1% of the property’s value annually), home insurance, and utilities.

refinancing-versus-selling-your-investment-property
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Refinancing Versus Selling Your Investment Property

In today’s news, it’s common to hear stories about Canadian real estate investors who bought at the market peak a few years ago and now feel buyer’s remorse as property values are sinking in 2025. Even investors who entered the market earlier than 2022 are struggling to shoulder higher carrying costs against a less-active rental market. Mortgage, credit card, and automobile delinquencies are also up, especially in Ontario. On top of this, the average non-mortgage debt for Canadian consumers climbed up 2.74% in the first quarter of the year to reach $21,859. With many homeowners under financial stress, investors may be considering their options, namely to hold, to refinance, and (as a last option) to sell. Costs of Refinancing vs. Selling To help illustrate the costs of refinancing versus selling, let’s take one example of an investor who currently owns a two-bedroom condo in Downtown Toronto, which he is renting out. This property is currently worth $800,000, which is a bit devalued from the market peak 3 years ago. He has owned it for a while, so his mortgage loan is only about $400,000. His carrying costs are high because he renewed his mortgage term when interest rates were around 5%, but he is nearing the end of his term and interest rates are much lower. His daughter is about to go to college, so he wants to help her cover her tuition and living expenses. Therefore, he is considering refinancing or selling his condo investment property to reduce his monthly financial burden and have extra funds to help his daughter. Let’s look at the cost breakdown of both options. Refinancing Selling Appraised Home Value $800,000 Current Mortgage Loan $400,000 Cost to Refinance or Sell (agent/broker fees, mortgage penalty, legal costs) $2,000 $50,000 Capital Gains Tax N/A $92,000 New Mortgage Loan $600,000 N/A Money Extracted Minus Costs $198,000 $257,000 In the short term, selling can provide more value for this investor, as the difference between refinancing and selling is an estimated $59,000 in cash. However, this is just a quick estimate and a shallow glance at the immediate effects of selecting either option. What happens when we look deeper and project into the future? Why Selling Could Cost You More Than You Think Once you sell, you give up the three pillars of real estate wealth: leverage, capital appreciation, and cash flow. The moment you sell, it all stops—no more equity growth, no more rental income, no more long-term gain. It ends right then and there. But when you refinance instead, you get the best of both worlds: ✅ Immediate access to cash to help you now ✅ Continued growth on your $100,000 investment Over the last 25 years, home prices have appreciated at an average rate of 7.5%. Even at a conservative 4% annual growth, if your property is worth $800,000, that’s $32,000 a year in equity gain—without lifting a finger. And that’s on top of your tenant paying down your mortgage and generating monthly cash flow. If you keep that property for another 15 to 25 years, the wealth potential multiplies. We’re not talking about a one-time gain of $257K. We’re talking about 10x that amount — while still holding the asset, benefiting from appreciation, and using someone else’s money (your tenant’s) to build your net worth. Refinancing keeps your wealth working. Selling shuts it down. What Are Your Long-Term Goals? Both refinancing and selling can help this investor achieve his immediate objectives: reducing his carrying costs and sending his daughter to college. However, in the long run, they will deliver different results. Therefore, it is crucial for any investor to keep their long-term goals in mind. Short-Term: Reduce Current Debt and Financial Strain If you are currently under the weight of heavy debts (including multiple mortgages, credit card debt, or other loans) and your carrying costs are growing out of hand, you may consider selling your property to tackle both of these problems at once. The net proceeds of selling your real estate investment can help you pay off other debts while immediately removing that property’s carrying costs from your monthly ledger. However, if your situation only needs a slight adjustment to be sustainable again and borrowing rates have dropped, refinancing your high-interest fixed-rate mortgage may be just what you need to carry on. By refinancing and getting a lower interest rate while extracting some optional extra cash, you may be able to lower your monthly costs and improve your cash flow to cover other expenses. You should still weigh the refinancing option against the qualifications you may need to apply for a new mortgage and the penalty of breaking your current mortgage agreement. Not everyone’s situation may allow them to refinance, as lenders will look at your debt ratios, which may have worsened since you last applied for a mortgage. Additionally, if you are near the beginning of your mortgage term or have a closed agreement, breaking your current mortgage may be extremely costly. Long-Term: Use The Equity to Spend or Invest More Refinancing offers an attractive avenue for you to extract cash equity without incurring the many expenses of selling your property. The cost to refinance for some can be quite minimal, as some mortgage brokers offer cashback incentives to cover legal fees. The equity you withdraw is not subject to capital gains tax either, which would otherwise take a huge bite out of your

Vancouver View Properties
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Listings of Metro Vancouver View Properties updated by the hour

Stan Direct: 604-202-1412E-mail: ssteam3000@gmail.com Click the first two links below to view the hottest Vancouver View Properties MLS Listings, constantly updated every 1-2 hours. Play with the searches. Sort the listings by clicking the description at the top of each column. Click on the SOLD properties to see their actual selling price. Click on each property…

Listings of Metro Vancouver New Homes and Condo Developments updated by the hour
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Listings of Metro Vancouver New Homes and Condo Developments updated by the hour

Stan Direct: 604-202-1412E-mail: ssteam3000@gmail.com WARNING: Buying a new house or a condo from the developer’s sales office is always very exciting but if you are not very familiar with the whole process, it might cost you THOUSANDS of $$$ and many legal problems. Remember that the new development sale offices are established by the developer and…