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

United States News News

Four Vancouver High-Rise Projects To Be Delayed Due To Weak Strata Market
United States United States Latest News,United States United States Headlines

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

  • 📰 storeyspub
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 74%

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

storeyspub /  🏆 16. in US
 

United States United States Latest News, United States United States Headlines



Render Time: 2025-01-14 04:46:52