Real Estate Talks

Cambie Corridor Phase 3 – New Priorities


Mayor Robertson has made some big promises lately. So, the Cambie Phase 3 will identify the resolve of City Hall.


“Gregor Robertson promises more than 4,000 affordable housing units in Cambie corridor”


http://www.straight.com/news/923196/gre ... e-corridor




In the Open House at Oakridge Ctr, the planners show what they intend for the area from 16^th Ave to Marine Drive. Important: There are large areas designated for townhouses. From the back of my pre-sale condo, there will be townhouses all the way to Oak St. Yah! No fortunes for land owners.


A third of new dwellings (@12k) will be social/affordable rental apartments. Add in 20% rentals from the other 2/3 and that brings the rental proportion to almost half. In line with the existing 50% rental average for CoV.


A victory for renters (seniors included). Not so good for buyers who may have to pay more because of the social housing units in the building. Not so good for land owners along the main road because some sections have been reserved for rental projects.


Oakridge has been designed a Municipal Town Centre. However, the area will retain its low density heritage. Kerrisdale is cited as their model.


Most of the new designations allow density up 4 floors. Wholly rental buildings will be allowed to go 2 floors higher. Mixed use projects may build higher.


On the positive side, there will be several new parks. The city remains determined to minimize the use of motor vehicles. In 2008, foot/bike/transit made up 40% of all trips. The target for 2020 is >50%. The target for 2040 is two thirds.


There is a planned B line for 41^st Avenue.


After Phase 3, about 40% of the area (mainly detached housing) is available for rezoning.


There won't be a massive flood of new dwellings for the area. So, the area will remain attractive. The Cambie Corridor remains a primo choice if you don't want to live in the high density downtown/Main St/ False Creek area.

People that live live in Vancouver know that restricting supply makes prices go up! this  is good. to the moon!

Overall it is a good plan. Supply of new units (11,500) is a big increase from Phase 1 & 2 (6,600 units). The key is the townhouses and row houses. Five comfortable row houses can be built on the land of two small SFH.

http://vancouver.ca/home-property-devel ... -plan.aspx


 If they can do this all over CoV and get them built, there might be enough housing till 2041. Significant amounts of rental and social housing. A big thumbs up compared to Burnaby.

The information boards are here.

http://vancouver.ca/home-property-devel ... hange.aspx

Anyone want to add their insights?

Summarized it's a terrible future . A two billion transit line right through to richmond and still only mini condos along the route

Here's the Pearson Dogwood project; 2,700 rentals focus around a new Canada Line station and seniors health care facility. Starting 2018 and completion 2026.

"2,700-unit development planned for Marpole to receive public hearing July 20"

http://www.straight.com/news/937281/270 ... ng-july-20

Cambie Corridor seems to be a test bed for new ideas. 

"Vancouver launches affordable rental pilot program in Cambie corridor"

http://www.cbc.ca/news/canada/british-c ... -1.4218511



The Oakridge Town Center are the dark areas north and east of Oakridge Center.

http://vancouver.ca/docs/planning/Cambi ... Boards.pdf

Looks like high density galore..