Four Vancouver High-Rise Projects To Be Delayed Due To Weak Strata Market

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Howard is based in Burnaby and covers real estate, housing policy, and the development industry. Signal: HowardChai.24

The developers of four high-rise projects in Vancouver have requested more time from the City before proceeding to rezoning enactment, likely resulting in the projects being delayed.

Unfortunately, at least in the case of these four projects, the move did not have the desired effect, although it's hard to fault the City, as the process of meeting rezoning conditions is largely driven by the applicant. It's also hard to fault the developers, who are facing escalating costs of various kinds, which have resulted in a

The City notes that although the extension is to May 31, 2026, if approved by Council on Tuesday, developers can proceed with their projects anytime before that date.

 

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