Land assembly sales sparking Vancouver real estate market
Jordan Maxwell
Other
There is power in numbers and that’s translating into some landmark deals for sellers in the Vancouver real estate market — land assembly sales. According to Global News, as the city pro-actively rezones areas around the city’s main corridors allowing them to potentially be turned into higher occupancy buildings like town homes and condos, developers are quick to seize the opportunity. Realtors who recognized the potential in the market are getting to the homeowners first teaching them the potential power in selling as part of a package deal. “They find out if they’re doing land assembly, the value is amazingly higher than what the market value is,” says Michelle Yu of RE/MAX Real Estate Services. Yu is currently representing more than a dozen land assembly sales in Vancouver. She says the trend of land sales has been picking up over the past five years.
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