Thanks for finding that.
I had also forgotten that Jameson House was transferred.
It's interesting though that the City is cashing in on rezoning land lift so heavily, because I don't think the opposite is true - as far as I recall, municipalities do not have any obligation to compensate landowners for losses arising from downzonings.
WRT the slow market, I think people are probably be conservative with their money over the uncertainty of the economy.
Hmmm - it appears the developer may have to pay empty homes tax if it was not occupied for 6 months in the year or under construction for 6 months in the year. I wonder if that would cause a developer to delay completion until after 6 months of construction have elapsed?
https://vancouver.ca/images/web/empt...2017-05-31.pdf