Inflation, rising interest rates create caution across Metro Vancouver’s housing market VANCOUVER, BC –…
The City of Vancouver has outlined a comprehensive strategy to densify the Cambie Street Corridor as part of its wider plan to address the region’s housing crisis and optimize the investment made on the Canada Line.
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A full draft of the municipal government’s Cambie Corridor Plan (CCP), released this week, calls for additional housing to boost the corridor’s population by more than 50,000 people – from 34,700 people today to up to 85,000 people by 2041.
Nearly 20,000 of these residents will live in new purpose-built redevelopments at the old RCMP headquarters on the Heather Lands, Oakridge Transit Centre, Oakridge Centre shopping mall, Langara Gardens, and Pearson Dogwood, and another 7,000 people will live within parts of the Corridor that fall within the Marpole Community Plan area.
About 9,200 additional jobs will also be created, an increase from the 23,500 jobs found in the area in 2011.