So just to confirm, this is now a rental project and no longer a condo project? And would we deem it approved sans the housing agreement?

So just to confirm, this is now a rental project and no longer a condo project? And would we deem it approved sans the housing agreement?

If I remember correctly it's still a condo project. I would have to look at the archived video again to see what exactly transpired, but I believe the agreement is to ensure that the strata cannot place restrictions on renting out suites.

EDIT: Yes, it's an agreement to ensure there will be no restriction on rentals. The development is approved pending adoption of the housing agreement. If CoV does things the same way as Richmond, issuance of the DP and adoption of the RZ will be done immediately after adoption of the housing agreement, at the same Council meeting.

...I believe the agreement is to ensure that the strata cannot place restrictions on renting out suites.

Which is a CoV request for virtually every new condo proposal these days. I wonder why it's causing delays for this project?

Which is a CoV request for virtually every new condo proposal these days. I wonder why it's causing delays for this project?

Staff did not request the agreement during review of the application. The applicant offered it after a question from Isitt during the Public Hearing.

Gotcha. Might this project be another condo building fully purchased by investors who will then operate the building as a rental?