Lack of lots worries realtor

Can supply meet a growth in housing demand in Terrace, BC?

A TERRACE realtor isn’t sure if there are enough city residential lots for sale if demand grows for new housing.

Latest figures place the number of residential lots listed through the real estate industry’s Multiple Listing Service at 14, says ReMax’s John Evans.

That’s not really a whole lot,” noted Evans of the available inventory.

Of those lots, six are zoned R-1, the most common residential lot allowing for a one-family residence, with five zoned R-2 allowing for a duplex, one at R-3 allowing for low density housing and two at R-5 which allows for high density housing.

Prices start at $45,000, rising for reasons of size, location and zoning.

Evans did note that a rezoning application for one subdivision just off McConnell on the bench last year was rejected by council.

The application fit the city’s Official Community Plan but council’s rejection was based on neighbourhood complaints regarding density.

Had the property been rezoned, between 16 and 20 R-1 lots could have been developed.

Last year 30 single family, multi-family or mobile home residences were added within city limits.

The available residential lot inventory doesn’t include a number of lots in the newer subdivision area just east of Ecole Mountainview on the bench that are part of a development.

Those are set aside for an adult residential development consisting of duplexes.

 

Just Posted

Terrace school principal reassignments on hold

School board announces “one-year transition” to cheering crowd

Restored Tsimshian totem pole, a gift from B.C., unveiled in Whitehorse

The Gawagani Pts’aan, meaning “Peace Totem Pole,” was gifted to the Yukon government in 1971.

Lost Lake closed for fishing due to goldfish invasion

Pet fish is considered an invasive species to B.C. wild

Two Terrace kayakers set out on Nass River with fundraising mission

By travelling 380km, their aim is to encourage more youth to paddle

DFO announces openings for chinook

Opportunities are few between widespread closures

VIDEO: Driver doing laps in busy Vancouver intersections nets charges

Toyota Camry spotted doing laps in intersection, driving towards pedestrians

Every situation is different, jurors hear at coroners inquest into Oak Bay teen’s overdose death

Pediatrician says involuntary treatment necessary following overdose, opioid use

Fraser Institute releases latest B.C. high school rankings

Fastest improving schools are in cities including Agassiz, Kitimat and 100 Mile House

RCMP across Canada to soon unionize, according to B.C. mayor

A spokeswoman for RCMP headquarters in Ottawa says it’s not yet a done deal

Explicit sex-ed guide for adults mistakenly given to Creston elementary students

The booklet clearly states online and inside that the guide contains sexually explicit information

Driver has $240K McLaren impounded minutes after buying it in West Vancouver

Officers clocked the car travelling at 160 km/h along Highway 1 in a 90 km/h zone

Former Vernon Judo coach pleads guilty to child pornography charges

Bryan Jeffrey McLachlan is set to return to court Sept. 4 for sentencing

B.C. Olympic skier sues Alpine Canada after coach’s sex offences

Bertrand Charest was convicted in 2017 on 37 charges

Most Read