It's anymore just your LOCATION, LOCATION, LOCATION, but your OCP, OCP, OCP!
In real estate, they say that LOCATION, LOCATION, LOCATION is a key element when purchasing a home. This is true! There is a difference between for example, Kitsilano and Shaughnessy, Point Grey and Dunbar. There is a reason why some homes are more expensive than those in Dunbar, Point Grey, Kitsilano and even Shaughnessy! It is the fact that developers can do more with an assembled group of properties like build a six storey building, because of its OCP.
When buying real estate, this is something you should now consider. In a few years time, do you want to capitalize on your home being sold to a developer-- or not? Most people would want to take advantage of such a windfall when selling to a developer. If you are one of those people who aren't keen on selling to a developer, perhaps seeking a property, when buying, that is not on the OCP is something you would want to seek. Make sure your Realtor knows this!
I have seem properties being sold for way more than a property in Vancouver's Westside only because of its associated OCP, lot size and future development potential. This is a key element for developers.
For more information, attend my free annual land assembly seminar, call or text me at (6044) 764-6873 or purchase my ebook for $19.99!!!