Yesterday evening Vancouver City Council unanimously approved Manulife Financial’s proposal to rezone 980 Howe Street from DD (Downtown District) to CD-1 (Comprehensive Development).  The proposal was for a 16 storey office building with a total floor area of 268, 908 square feet, a floor space ratio of 11.2 and a height of 200 feet.

The East Burnaby area is generally the area bordering New Westminster, and includes the areas of Edmonds Town Centre, moving East towards the Burnaby crest area and Cariboo Road.

This area is typified by existing single family housing stock, some newer townhome developments, and higher density forms of development, particularly in the Edmonds Town Centre area. Major high density projects in this area include Ledingham McAllister developing the 40+ acre Safeway site, and Amacon developing the site currently occupied by Mott Electric.

Pricing in the area for resales reflects the current mix of units. The below table illustrates all resales over the last 12 months for specific unit types (max. 30 years of age).

Source: MLS Data