Expedited Townhouse Rezoning Application Procedure for Cambie Corridor Plan Phase 3

Expedited Townhouse Rezoning Application Procedure for Cambie Corridor Plan Phase 3

  • Real Estate
February 2, 2019


Rezoning for redevelopment has always been a difficult and complicated process that takes a substantial amount of time and efforts. On October 16, 2018, the townhouse rezoning guide in Cambie Corridor Phase 3 had been updated to shorten the rezoning process by simplifying the rezoning application procedure substantially

Due to the existing utility services constraints, the current system cannot support the massive densification and population growth of Vancouver. City of Vancouver’s solution to upgrading the utility service system is to have Developer cover the cost for the upgrades. As a result, the cost of new homes would be more expensive, and it takes longer to build.

Based on the utility service plan, Cambie Corridor Phase 3 Zone 1 area newly proposed townhouse development would no longer require rezoning. These sites will automatically be pre-zoned for RM-8A/8AN by the city. The city of Vancouver will be responsible for the utility upgrade. Utility in this area will have enough capacity to sustain the densification.


If the new proposed townhouse developments are not in zone 1 area, the developers still need to go through the rezoning process; however, the process had been simplified. Rezoning inquiry, community open house, and urban design panel procedure have been eliminated to shorten re-zoning application time. City staffs are anticipating that the rezoning would take less than 1 year for townhomes rezoning application within the Cambie Corridor Phase 3 Plan.

This is a big step forward for the growing Vancouver population. The government realized the cost and time required for rezoning has been a burden for the city and improved the process. This reduces the time it takes, cost of rezoning, and triggers more redevelopment opportunity.

Reference

Townhouse Rezoning Guideline
Green Building Policy

Yoyoe Lu

Founder and managing principal
yoyoe@claridgeadvisors.com

Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

Ashley Osborn

Development Site and Investment Specialist
ashley@claridgeadvisors.com

Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

Patricia Wong Chong

Investment and Leasing Specialist
patricia@claridgeadvisors.com

Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

Schumann Li

Land Assembly & Residential Specialist
schumann@claridgeadvisors.com

Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

Wendy Kaip

Sales Associate
wendy@claridgeadvisors.com

Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

Simon Chan

Managing Broker
simon@claridgeadvisors.com

Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

Frank Zhou

Analyst
frank@claridgeadvisors.com

As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.

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