Vancouver Council Seeking Feedback on Building Even Taller Towers
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Vancouver city officials are revisiting the Higher Buildings Policy, which governs the construction of towers that exceed the zoned heights. This review marks the first significant update since 2011, with the city seeking feedback from residents on the potential for taller buildings in downtown Vancouver.
Originally established in 1997, the policy has only seen six buildings constructed under its guidelines in nearly three decades. Despite eight other projects being approved, they have yet to break ground. The city acknowledges that Vancouver has significantly changed over the past 15 years, with increasing market interest in taller structures.
Question
How will the proposed changes to the Higher Buildings Policy impact the local real estate market and housing availability?
Kevin Ka Ho Ching Commentary
As a seasoned real estate agent in Greater Vancouver, I see this policy review as a pivotal moment for our market. The potential for taller buildings could reshape the skyline and provide much-needed housing, but it must be approached thoughtfully to maintain the city's character and livability.