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Old Posted Aug 22, 2020, 7:19 AM
officedweller officedweller is offline
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Join Date: Jul 2001
Location: Vancouver
Posts: 32,205
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?
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