Investigate the Neighbourhood First!

Investigate the Neighbourhood First!

Before you buy a house or condo, it is a great idea to investigate the neighbourhood, not just for what is currently in the area but what might be there in the FUTURE.

When you drive around Vancouver, especially on the arterial roads, you can see For Sale Signs on several houses in a row that say Land Assembly. That is an indication of a change in zoning from single family homes to mulit-family homes, which could be anything from low rise townhouses like you see on Oak Street to potential 12 plus storey towers on Broadway.

For example, if you are looking at homes on East 8th or East 10th (Broadway is 9th Avenue) make sure you investigate what the zoning is and what it could potentially be built along that stretch of Broadway. Call the City of Vancouver for details, and ask your realtor as well to see how your view might change or the density/traffic change in a way that affects your enjoyment and possible future value of the home.


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