vancouver development

The Broadway Plan

The Broadway Plan is part of an ambitious process providing opportunities for new housing through Land Assemblies. 

Centered around the Broadway Subway , the plan covers Vine Street to Clark Drive and 1st Avenue to 16th Avenue.

To make way for much needed rental and multi-family housing supply, the plan provides excellent opportunities for home owners to capitalize on their improved Property Value by selling to a Developer.

In some cases this can be done individually, while most homeowners will require a Land Assembly to achieve maximum potential value for their properties.

Broadway Plan

What Areas are Covered in the Broadway Plan?

Broadway Plan Development Opportunities
  • Arbutus
  • Creative District (Great Northern Way)
  • Fairview Slopes
  • Fairview South
  • Granville Burrard Slopes
  • Kitsilano
  • Main Street
  • Mount Pleasant
  • Fraser Street
  • Clark Drive
  • Cambie
  • Broadway Business / Office Districts

Building & Housing Types

  • Multiplexes
  • Townhomes
  • Low-Rise
  • Mid-Rise
  • High-Rise
  • Social housing
  • Rental (affordable & market)
  • Office
  • Industrial
  • Retail
  • Live-Work
  • Mixed Use

Don’t Have Time to Read the 500 page Plan?

Request a Specific Outline of How your Community & Property is Benefited by the Broadway Plan

Multiplex Areas – Vancouver Plan

Under the new Vancouver Plan recently approved on July 22, 2022, Multiplex Areas are being established to enable smaller scale Missing Middle housing across the city.

Multiplexes offer a new type of ground-oriented housing as a similar but more affordable and sustainable housing option to single-detached homes. These range from 2 – 3 storeys and include up to six units on a single lot. Under the Secured Rental Policy, up to 6 storeys may be considered.

Within Multiplex Areas, the goal is to maintain the form and appearance of single family residences but with greater density. As seen in the image below, form and function will be in line with current esthetic.

Multiplex Areas will be permitted throughout the vast majority of the City and will be the dominant form of redevelopment aside from the Outright Duplex policy for all RS-1 zones.

Planning is underway to establish development guidelines but it’s clear that this policy will likely have the strongest and most wide reaching impact on the average Vancouver homeowner. Not only will it impact land values – especially for older, less desirable homes – but will create much needed inventory to address the Missing Middle and eventually ease housing affordability.

Contact me to learn more about this policy in Vancouver and how it may impact your property value and housing needs.

Vassi Balatico: 778-688-4948

Grandview Woodland Community Plan – The Drive

For decades Commercial Drive has remained one of Vancouver’s most iconic and desirable neighbourhoods. Known for its inclusive vibe that welcomes everyone from the most traditional Italian and Portuguese families to free-spirited artists and indigenous groups – it’s also where I spent most of my childhood and continue to enjoy on a social and work basis.

As a Realtor, I am incredibly enthusiastic about the area’s future growth. In 2018, the City approved the Grandview Woodland Community Plan encompassing several distinct neighbourhoods from Clark Drive to Nanaimo, and 12th Avenue to the Port. It’s a plan that strives to meet the needs of low income families, working professionals, and will supply much needed inventory for future generations.

Further to the Outright Duplex Policy across all of Vancouver, this plan provides for broad densification along Broadway, 1st Ave, Nanaimo, and specific “transition areas”. As baby boomers naturally age out of their oversized homes, oversized lots and Land Assemblies provide for Townhome & Condo developments as well as Purpose Built Rentals.

Many areas of the the plan have been “pre-zoned”, providing for relatively faster development timeline than sites that require typical commercial rezoning applications.

If you live in this community and are curious about your options or future developments, contact me for details at 778-688-4948 or via email at vassi@vassibaltico.com.

Land Assemblies

What To Know & Common Misconceptions

Cambie Corridor

Land Assemblies have been an integral part of Vancouver’s Real Estate landscape for the past 10 years. The Cambie Corridor continues to be the most iconic area consistently breaking records and making the news but many homeowners remain skeptical to take the leap or have had bad experiences in the past.

  1. Why I’m a fan of Land Assemblies:
  • Land Assemblies are truly a win-win for everyone. Sellers make significantly greater profit on the sale of their homes relative to selling alone.
  • Land Assemblies are currently the single greatest source of increased density to support growth & opportunities for homeownership.
  • Land Assemblies fulfill much needed supply for housing of various types (rental, market, social).
  • Essentially, without land assemblies housing prices will continue to climb to unsustainable values.
  • They provide a highly profitable outlet for elderly people looking to downsize and avoid the ongoing maintenance of an older home.
  • Profit is solely based on land value and not the cosmetic features of a home.
  • Developers are often very understanding and patient with a seller’s needs and will provide extended periods to rent the property after it’s sold. This allows the seller ample time to make their next move.

2. Common Misconceptions:

  • The most common misconception is that sellers think they can demand unreasonable prices based on emotional value attached to the property. This is 100% incorrect. Developers operate strictly on a numbers basis rooted on lot size, development potential, and sellable market values. Cooperating with the developer will achieve the best result.
  • “If I hold out for long enough I will eventually get what I want!” The answer is NO! We have seen several examples of “orphaned” properties in which developers have successfully built around them. This drastically reduces the value of the property below market value and creates an unnecessary obstacle during construction. It also creates a visual disconnect with the desired community vision. Alternatively, some neighbours will simply lose patience and sell to avoid the ongoing stress of a difficult neighbour and pressure from developers to sell.

3. How to succeed:

  • ALWAYS have a qualified agent represent your needs. NEVER go unrepresented unless you have a strong background in real estate development. The cost of your agent is well worth avoiding the potential mistakes.
  • Work collaboratively with your neighbours, agents, and the developer to come to a mutually beneficial result.
  • Starting off with a positive approach will help you along the way should you need to amend the contract or extend your free rent period. It also just feels good!
  • If you need to buy a new property, use the same agent and lawyer to support you. It’s much easier to coordinate the closing and possession dates when using the same agent. Rely heavily on your agent and let them do the work for you! A good agent will take pride in doing so.

Contact me to learn more about Land Assemblies and the maximum market value of your property. You can also visit my Land Assemblies tab and explore various Community Plans throughout Greater Vancouver.

Vassi Balatico: 778-688-4948