Rental housing at risk of being lost: study.

A Metro Vancouver housing study is warning that thousands of older, affordable, much-needed rental housing units in the area are in danger of being removed from the market due to redevelopment pressures.

Many of the units were built more than 40 years ago under federal government tax incentive schemes – long since ended – and Metro politicians are renewing the call for the incentives to be brought back.

Hillside Villa, a 43 unit apartment tower located at Esquimalt and 17th Street has sold for $15,657,000, representing $364,116 per unit, and a 2.5% cap rate. The tower is located on a half acre site.

City freezes Central Lonsdale tower plans.

A new “megaproject” proposal for Central Lonsdale was abruptly suspended by a divided City of North Vancouver council Monday (Apr 16), pending completion of the updated official community plan.

City staff made the unusual move of presenting the application to council well in advance of any detailed design work, seeking permission to continue talks with the developer and schedule a town hall-style meeting.

UniverCity development entering final phase.

UniverCity is taking down the parking lot and putting up a sustainable residential development in its place.

The Simon Fraser University Community Trust is moving forward with Phase Four of its development on top of Burnaby Mountain near Simon Fraser University.
Read more: http://www.burnabynow.com/UniverCity+development+entering+final+phase/6547525/story.html#ixzz1tisgDU89

The City of Vancouver is embarking on a comprehensive community planning program in the Marpole neighbourhood.

The Marpole Community Plan program will take place over an 18-21 month time period starting in April 2012 and is expected to be completed in 2013.

Community Open Houses

Drop by to learn more about the community planning process and how to get involved.

Wednesday, May 2, 5 – 9 pm
Marpole-Oakridge Community Centre
990 West 59th Avenue (at Oak Street)

Saturday, May 5, 11am – 3 pm
8138 Granville Street

For further information.