The planned development at 3279-3297 Vanness Avenue will have 102 homes.
The association's chief economist, Cameron Muir, says the B-20 stress test is causing many potential home buyers to remain on the sidelines.
The proposed renovation includes the addition of two floors for rental housing.
Vernon Drive Grocery and a two-storey house are being sold for $2.5 million.
The area covers 182 hectares and is bounded by Main, Prior and Venables streets to the west and north, and Clark Drive and Great Northern Way to the east and south.
Goodman Commercial Inc. listing notes that Three Lane Manor is a well-maintained 10-suite property.
The daylong event will explore whether the local market is "fully priced".
A senior regional planner has highlighted innovative approach that's gaining popularity in U.S. cities.
Councillor Pete Fry says the main issue is whether rental projects subsidized by the city are affordable.
According to the Canada Mortgage and Housing Corporation, Metro Vancouver leads the country in the ratio of liabilities to annual income at 242 percent.
City formula adds 10 percent more for West Side rates, and uses city-wide average for East Side rates.
Motion notes that new housing developments supported by city incentives are not affordable for renters.