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flag Vancouver introduces "airspace parcels" for mixed developments, dividing sky ownership for urban growth.

flag In Vancouver, airspace parcels are becoming popular as the city densifies. flag These invisible 3D columns above land can be divided into distinct pieces, allowing separate ownership and use for mixed developments like retail, office, hotel, and residential spaces. flag Agreements between owners, known as "airspace parcel agreements," are essential for managing shared services and cost-sharing. flag While not applicable to single-family homes, these parcels offer new opportunities for urban development.

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