As uncertainty continues to roil the real estate market in Lower Mainland, the District of Squamish is mapping its future land use plans.
It’s drafting a new Real Estate and Facilities strategy, which will prioritize land buys and upgrades to municipal properties.
Mayor Patricia Heintzman says with a limited land base, preparing for the future is key.
“We want to make sure that, as you know land prices have gone up in Squamish just like they have gone up in the Lower Mainland, and so some of this is trying to make sure we’re getting in front of these so we’re not missing on opportunities should we need to act on them.”
She adds it’s not about Metro Vancouver’s new tax.
“So it wasn’t a reaction at all other than we knew there’s a high demand for land in Squamish, so we wanted to make sure we were getting out in front of the curve.”
Heintzman says the plan will also help make decisions about selling municipal land, and help make smart bids for Provincial cash.
She says the plan should be in place by the end of the year.