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Originally Posted by misher
Meh if we can’t even get density by our skytrain stations why discuss it in sfh neighborhoods or viewcones.
I’m hoping the upcoming Broadway plan is a wakeup call to the city but who knows.
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Agreed in hoping that the Broadway plan adds enough density.
But we should absolutely be pushing for more density in sfh districts like posted by bc2mb. It's the most efficient way to add density to the city. Someone can check me on this, but I expect rezoning even half of the sfh land in Vancouver to this sort of build form would provide us enough additional housing to get us through the next couple of decades of growth. This development starts to move people away from the idea that we should have expansive sfh neighborhoods near the city center. Once we break that, we open more areas to redevelopment of this scale.
$23.5 million for the land sounds significant, but that's not much more than what one might expect to pay based on the lot size of each of the homes being replaced. And you're not going to convince homeowners to sell without offering them some incentive. This rezoning doesn't add to the price of land in Vancouver. It makes the best use of this block as the market has already anticipated.
The best part, if we can get wholesale rezoning to allow these sorts of developments going forward, it eases the shortage of developable land in the city. Yes we have a geographically defined land constraint, but beyond that we have a shortage of developable land. It's the limited supply that drives the cost, basic economics. If we open the supply of developable land prices will normalize. Sure the first few sellers will get a windfall. After that, developers will have their choice of where to build and will have greater ability to influence their land input cost. Speculating gets less interesting/profitable when your commodity is available in excess.