North Delta doesn’t want to be Burnaby.

That’s what Delta council heard Tuesday night as residents packed into a public hearing at Kennedy Seniors Recreation Centre to speak their piece about a 37-storey apartment tower proposed to be built near Scott Road.

Blexo Developments Ltd. wants to build the highrise at 11941 80th Ave., where a nursery and coffee shop used to be before they were demolished in 2004.

Council could be voting on it as early as next Monday. If approved, the building would be by far the tallest in North Delta. Runners-up would be the three 14-storey buildings now standing, one at 88th Avenue and 119th Street and the other two across the street from where this new building would be built, just south of the Delta Shoppers Mall off Scott Road.

City of North Vancouver council is forging ahead with an ambitious public process for the massive Harbourside waterfront redevelopment.

Council voted Monday night to begin processing the rezoning applications for residential towers over commercial space, pending the approval of a three-metre right of way along Fell Avenue to make room for the Spirit Trail connection, and to kick off the public process.

Developers Concert Properties and Knightsbridge Properties are looking to build 800 units of strata and rental housing on top of 370,000 square feet of commercial space just south of the Northshore Auto Mall over the next 10 years.

CMHC has just released their 2012 rental market report for Vancouver. Some highlights:

• „The average vacancy rate rose to 1.8 per cent in October 2012 from 1.4
  per cent in October 2011.
• „„The average rent increase for two-bedroom  apartments between October 2011 and October 2012 was 2.3 per cent. The general rate of inflation for this period was 0.7 per cent.
• Areas close to Vancouver City, such as Richmond, North Vancouver, and West Vancouver, reported similar low vacancy of around 1%. In contrast, Coquitlam, Port Moody, and Port Coquitlam, where home prices are relatively lower, recorded average vacancy rates of 3.2 per cent.
• A supply increase of 3,724 rental condominium apartment units helped to keep the rate of rent increase contained.
• The Vancouver rental market is forecast to remain stable next year with vacancy rates expected to remain below 2.0%.

CMHC 2012 Vacancy Rates

CMHC Average RentsSource: CMHC

Source: CMHC