Metrotown Development Plan
The Calm Before the Storm
Over the last couple of years the real estate pot has been bubbling in the Metrotown area as the new official community plan edges closer to fruition. We know many land owners anxiously wait to find out if their property falls under a new zoning policy that may significantly increase the value of their land. Due to this reason, many investment owners in the area are reluctant to put their property up for sale, until the new value of their land is known, which can only be calculated when the density for your specific property is released. Once the city releases the community plan there may be a frenzy of activity in the area, similar to what is happening in Marpole. My recent article, Land Assembly Logic, gave you an introduction into the land assembly process and outlined Metrotown as a redevelopment opportunity, this will engage the area specifically.