Horseshoe Bay Condo Developers Put Locals First

Price Tags

sewells-landingJane Seyd in the North Shore News  describes the unusual policy of allowing local people to buy into a new condo project that will be built by Westbank developers on land owned by Sewell’s Marina in North Vancouver.  Responding to concerns about affordability and attainability of units by local people, Westbank reconfigured their marketing strategy for Sewell’s Landing which had already included an open house in Hong Kong before being offered on the local market. They pulled their permits from the District of West Vancouver and relaunched the three to eleven storey 159-unit condo complex in six buildings with an unusual requirement.

That requirement meant “condos be marketed to local residents first, and that would-be buyers sign a declaration that they or their family members intended to live in the units. So far, about half the units in the project have been sold to people in the Metro…

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