Vancouver luxury tower ditches social housing component
The Curv tower development in Vancouver’s West End is a case study in investor influence and market dynamics – and the role developers play in delivering crucial below-market housing.
The 60-storey project promised 102 units of social housing on the levels below the luxury condo and market-rate rental suites, a feature that helped them obtain rezoning approval for considerably more density. Presales had been going well. The marketing spokesperson said they had set a record last year, with the sale of a $4,400-per-square-foot unit on one of the top floors.
Categories
Recent Posts
In central Vancouver, a tale of two plans
Shared ownership structure complicates sale of low-cost condo
Feds investigating use of algorithm for rental prices, the Home of the Week and more top real estate stories
'New home buyers are nowhere to be found.' Toronto-area January new home sales near 'record low' despite excessive inventory, falling prices
Toronto joins major markets in seeing home affordability worsen in January, report finds
Are you six months from your mortgage renewal deadline? You should lock in now
Buyer nails down east-end Toronto bungalow with $46,000 bonus
Designer’s own home a sampler of her work
Buyers pay $206,000 over asking to outdo rivals for east-end semi
How Ontario's housing crisis got so bad
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "