A vacant downtown Vancouver lot and a promise of housing unfulfilled
On an empty, overgrown downtown Vancouver lot, 152 units of social housing remain unbuilt almost nine years after the city sold the land to a developer. With no sign of development in a slowed down real estate market, it’s unclear when the desperately needed housing will be delivered.
As part of the sales contract, the city has until May 3 to buy the land back from the developer. But if it plans to act on the option, it’s not saying.
Categories
Recent Posts
First visitor to Edmonton semi pens offer $100 over list price
Seller of condo with CN Tower view gets price close to asking
Flexible workspaces expand to small towns and suburbs
CMHC reports November housing starts up 9.4 per cent from October
November home sales down almost 11% annually as market hits 'holding pattern': CREA
Toronto city staff want to put new limits on 'iceberg homes,' which can have several storeys underground
Sellers in Airdrie delay listing, see market decline as they finish renovations
Interest rate predictions, Vancouver losing its lustre, the Home of the Week and more top real estate stories
Home of the Week: Five-minute tour in the dark sells couple on downtown Toronto condo
Size bonus helps, but needed upgrades drag on Vancouver condo sale
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "