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Commercial Real EstateBCMEDIUM

Metro Vancouver's industrial land supply has been declining. What is the primary planning concern this creates?

Correct Answer

D) Scarce, costly land threatens industrial businesses and the regional economy, prompting policies against converting what remains

Metro Vancouver's shrinking industrial land base has driven industrial land prices to among the highest in North America. This threatens manufacturing, distribution, and port-related businesses that are critical to the regional economy. In response, Metro Vancouver's Regional Growth Strategy and municipal zoning policies increasingly protect industrial land from rezoning to residential or commercial uses.

Answer Options
A
It increases the supply of residential land as industrial sites are rezoned, easing the regional housing shortage
B
It has no impact on commercial real estate values, as industrial land trades separately
C
It only affects the agricultural sector, since industrial land is drawn from farmland
D
Scarce, costly land threatens industrial businesses and the regional economy, prompting policies against converting what remains

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Key Terms

industrial land supplyMetro VancouverRegional Growth Strategyland protectionindustrial rezoning
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