Real estate law: Housing report spurs neighbourhood consultation
On Behalf of Porter Ramsay LLP | Dec, 06, 2017 | Real Estate Law
A housing report set to hit the desks of city councillors in Vancouver spells out an ambitious plan to add 72,000 homes to more affluent neighbourhoods in the city over the next decade. But before the City Council gives the green light to the real estate proposal in British Columbia’s largest city, a number of neighbourhood groups say more public input is needed. A spokesperson for The Coalition of Vancouver Neighbourhoods (CVN) – which speaks for 27 individual neighbourhood groups — said more work needs to be done on the proposal before being passed by the council.
The report suggests that more housing starts in the city would quell escalating prices. But the CVN spokesperson said new recent builds haven’t done anything to lower prices and questions what would make these proposed builds any different. The spokesperson said the group isn’t opposed to making neighbourhoods more dense with new builds, but said neighbourhoods would like a say in how that would happen considering community plans.
A city spokesperson said if the council votes to approve the report, it would hold public consultations for input before moving forward. But one recommendation from the CVN would be that the city move slowly, neighbourhood by neighbourhood taking into consideration the dynamics of each individual area. Maintaining the integrity of these neighbourhoods is crucial, the CVN spokesperson added.
Real estate plans and deals are often involved and may include many confusing legal elements which a British Columbia real estate lawyer deals with on a daily basis. A lawyer could provide guidance in various aspects of real estate whether his or her client is the purchaser or the vendor. Real estate contracts are involved documents and having a lawyer look at a contract will ensure his or her client’s best interests are looked after.
Source: globalnews.ca, “Neighbourhood groups call for more consultation ahead of Vancouver housing report“, Simon Little and Emily Lazatin, Nov. 27, 2017