Corridor Density Plan Triples Housing Values
In Vancouver, B.C., a newly approved plan to increase density along the Cambie corridor is sending housing prices skyrocketing and causing concern among residents about the character of their neighborhood.
Planning director and frequent Planetizen contributor Brent Toderian comments:
"City planner Brent Toderian says he appreciates the concerns and the city is trying to cool down land speculation in the neighbourhood."
"But he says having a new rapid transit line running through the neighbourhood means changes are coming and the city's plan has the community's support."
The Cambie Corridor plan allows greater densities of up to 12 stories along the rapid transit route.
Published on Friday, October 28, 2011 in
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