North Vancouver is entering one of the most interesting — and potentially lucrative — moments we’ve seen in over a decade. While most homeowners and buyers are cautiously watching headlines, the savvy players are already moving. Policy shifts, inventory patterns, and a quiet rush from builders are creating opportunities that won’t stay quiet for long. Here are the top power moves shaping the market this week.
The City of North Vancouver has officially activated its new multiplex zoning, and the implications are huge. Overnight, traditional single-family lots have transformed into multi-unit development sites. Instead of one house and a suite, owners can now achieve four, six, or even eight units depending on their lot size, frontage, and site conditions.This is more than a zoning tweak — it’s a land value reset.Builders who once avoided North Vancouver due to long rezoning timelines or unpredictable council decisions are suddenly back in the hunt. Why? Because the new rules mean speed to market, reduced financing risk, and dramatically simplified approvals. A 6-plex can move from concept to construction far faster than before, and that speed equals profit.Homeowners holding older homes may see a surprising jump in land value as the market adjusts. If you own in Upper, Central, or Lower Lonsdale, this is the time to understand your rezoning potential — not a year from now when the market has already priced it in.
Even though the zoning is active, the pricing hasn’t caught up. This is the sweet spot — the pre-boom window where the early birds scoop up the biggest wins.Right now, there are properties selling at single-family prices despite being eligible for multiplex development. That’s like buying oceanfront land priced as farmland — it doesn’t make sense, and it won’t stay that way.The signs of a money-maker are clear:
- 50–60 ft frontage
- Corner lots
- Assembly potential
- High land-to-structure ratio
- Locations close to transit, Lonsdale amenities, and schools
Buyers who recognize the delta between current price and multiplex value will be the ones bragging in a year about the deal they got before the rush. And for sellers who want to maximize value, the worst move right now is selling blindly without understanding your new entitlement potential.
Whether you’re a homeowner, a buyer looking for upside, or a builder ready to deploy capital, this is a moment worth leaning into. The zoning has changed and the market is quietly setting up its next wave.If you want a personalized zoning review, a list of top undervalued lots, or a builder-grade feasibility report, reach out — the window is open.
