"The city could down-zone single-family neighbourhoods that are in the crosshairs of speculation to disallow the building of houses that are bigger than what already stands. After all, a massive house doesn’t house more people or increase density; it’s not sustainable, it’s usually out of scale, it often replaces a character house and it drives up prices… 'The city has essentially added speculation value to those properties by zoning them to permit development in excess of what is there already,' Mr. Buholzer says. “And the city can take that development potential away just as it bestowed it in the first place, by exercising its zoning power." http://www.theglobeandmail.com/life/home-and-garden/real-estate/housing-speculation-seems-to-be-taking-hold-in-west-side-vancouver/article28082736/

Vancouver Vanishes



from http://www.theglobeandmail.com/life/home-and-garden/real-estate/housing-speculation-seems-to-be-taking-hold-in-west-side-vancouver/article28082736/