“Land lift” refers to the significant increase in property value that occurs when zoning changes allow for more intensive development, like building apartments instead of single-family homes, creating “unearned” value from public decisions rather than owner improvements, often captured by municipalities through Community Amenity Contributions (CACs) in exchange for density. It’s the difference in land value before and after rezoning, unlocking higher development potential and profits, making it a key concept in urban planning and development economics, especially in cities like Vancouver.

In essence, zoning changes unlock latent development potential, making land assembly a powerful strategy for landowners and developers to achieve higher returns and meet city density goals. Imagine a plot of land bought for $1 million, zoned for one house. After rezoning for a 10-unit condo, its value becomes $10 million. That $9 million increase is the “land lift,” a massive windfall from a policy change.

With more than 40 years as a licensed professional realtor in Vancouver, Craig Newsholme has the experience to act as your agent in negotiating the highest possible price for the sale of your family home to developers.