- Looking at detached home prices vs zoning changes (up-zoning) in Vancouver, year over year % change Upzoning: 2004 - Full basements 2009 - Add LWHs 2012 - Larger LWHs 2018 - Duplex (no change) 2023 - Multiplex and/or larger LWHsFeb 1, 2026 20:40
- My thesis is that other factors (interest rates, cap gains taxes, immigration, asset protection through bylaws etc) have a far larger impact on land value vs citywide incremental upzoning.
