The governments are trying to reduce speculation...
"Broadway subway may significantly alter Vancouver
's urban fabric
... A policy report is expected to be released sometime in June with details about how speculation will be curbed on West
The goal is “to preserve affordable and rental housing and job space” even as TransLink develops the Millennium Line Broadway Extension Project, a.k.a. the Broadway subway, which will run from VCC-Clark Station to Arbutus Street.
The city’s announcement comes after at least 19 sites along West
Broadway have changed hands since December 2016, including some locations west
of Arbutus Street, according to a recent report by commercial realtor Avison Young.
... Housing, he argued, should only be rental, because that doesn’t drive up land values at anywhere near the same rate as strata-title condos.
Higher land prices drive away businesses that can’t afford to expand, undermining employment..."
https://www.straight.com/news/1082326/b ... ban-fabric