Vancouver City Council will vote this week on whether to approve the Pearson Dogwood Policy Statement.

The Policy Statement will guide the rezoning and redevelopment of the 25.4 acre Pearson Dogwood site at Cambie and 59th that is controlled by the Province/Vancouver Coastal Health. It considers the future mix of uses, density, height, building forms, character, public spaces, circulation and movement, and parks and community facilities to serve the new and existing community.  Below is a summary:

• a density of 2.8 FSR (gross)
• 3-28 storey residential buildings mixed with community space, commercial space, and a new transit station

745 Clark Drive in East Vancouver has sold for a reported $4,000,000. The 21,000 SF office building is located on the northwest corner of Clark Drive and East Georgia Street. Recently renovated with exposed timber beams, the building is in excellent condition with potential for expansion on the 15,030 SF lot. Gated parking facilities are available on site. The price represents $191 per SF.

As we ring in the New year, an analysis of the REBGV’s Housing Price Index for apartment/condo’s on Vancouver Westside, including Downtown, shows that pricing has been flat for over two years now.

Resales values have likely been suppressed amid a large amount of new inventory coming to market; particularly in areas like Southeast False Creek and Cambie Corridor.