Your home hasn’t changed. The neighbourhood around it has. A future station is taking shape, a familiar block is being considered for redevelopment and a planning notice appears down the street. What could it mean for life at your address?
In Kitsilano, Fairview and Mount Pleasant, the Broadway Plan provides a long-term framework for more housing, shops, employment space and public amenities. The Broadway Subway will add six underground stations between Great Northern Way and Arbutus. These changes deserve attention even if you have no plans to move. City of Vancouver · Broadway Subway Project
Imagine living near the future South Granville station. Could a train connection mean using your car less or staying in your home longer? A development proposal next door raises different questions about your outlook, privacy and the character of your street.
The housing mix matters, too. The City’s May 2026 Broadway Plan update reported approvals dominated by rental housing, including below-market homes. That offers a glimpse of what could be built, though it cannot tell us exactly who will move in or when. Broadway Plan update
What about your property’s value? A neighbourhood plan alone cannot answer that. BC Assessment reviews market evidence when rezoning changes a property’s permitted use or density. An announcement is a reason to look more closely, not a promise of a higher price. BC Assessment
It is worth knowing what is proposed, what is approved and what is actually being built. Then ask what those changes could mean for the reasons you chose your home in the first place.
Curious about what’s planned around your home? Reply with your street or a nearby development you’ve been wondering about. I’d be happy to help you understand what’s taking shape and what it could mean for your property.
Jessica Smith PREC
J Smith Homes | RE/MAX Select Realty
Market Update
Home sales registered on the MLS® in Metro Vancouver declined 8.4 per cent compared to September last year, driven by weaker apartment sales. Detached and attached home sales were slightly higher than a year earlier.
The Greater Vancouver REALTORS® (GVR) reports that residential sales totalled 1,717 in September 2026, down from 1,875 in September 2025. This was 25 per cent below the 10-year seasonal average of 2,289.
Real Estate Q&A
Three Questions Worth Asking
Q1. If my property is rezoned for more housing, could my property taxes rise even if I do nothing?
A: Yes, potentially. If redevelopment potential increases your land’s market value, your assessment can rise even though your home hasn’t changed. Your tax bill also depends on tax rates and how your assessment changes compared with other residential properties in Vancouver. A higher assessment does not automatically mean an equivalent tax increase. BC Assessment
Some long-term homeowners may qualify for assessment relief based on their property’s current use. Eligibility is specific and the usual annual application deadline is November 30, so it is worth checking before then. Eligibility details
Q2. I love my view. How can I find out whether a future development could block it?
A: Start with the properties between your home and the view. Check their zoning, permitted heights and any active rezoning or development applications. Review building drawings with City planning staff to understand what could affect your sightline. No current application does not mean a site will remain unchanged. City application search
Vancouver’s protected view corridors preserve views from designated public locations. They should not be taken as a guarantee that the view from your living room is protected. Public-view policy
Q3. Is buying near a future SkyTrain station a smart investment, or could I already be paying for that benefit?
A: Both are possible. Transit proximity can contribute to property value, but that does not tell us whether a particular home is good value at its asking price. Research prepared for TransLink
I would compare recent sales of similar homes, check the actual walk to the station and consider construction, surrounding development and how long you expect to stay. The question I’d ask is: would this still be a sensible purchase if prices stayed flat after the station opened? Buy for the convenience you will use, with future appreciation treated as a possibility.
Have a Real Estate Question?
Whether you’re thinking about buying, selling or simply trying to make sense of the market, I’m happy to talk it through.
