Below is a snapshot of the housing price index for East Vancouver and Westside single family homes relative to Westside condos (including downtown). Of note, while average single family house prices in East Vancouver did not experience as much inflation as the Westside did in 2012, recent price gains are now tracking right along with the Westside.
It would be an interesting analysis to determine how much speculation and redevelopment activity is playing into house price increases.
An development application has been made for a C2C1 zoned site located at 2889 East 1st Avenue in Vancouver. The site consists of the entire block on the west side of Renfrew between Graveley Street and 1st Avenue, except for the northernmost 31.16’ lot. The owner of this site has been approached but does not want to sell at this time. The assembled site is 120’ deep and 218’ long.
The proposal is for a 73-unit, 5-storey residential building over commercial space and two levels of underground parking. The total density is 2.85 FSR, although the proposal will require a variance to achieve 5-storeys.