The timescale and cost of home approvals varies widely in Metro Vancouver depending on the location.
The timescale and cost of home approvals varies widely in Metro Vancouver depending on the location. A new report produced by a partnership of SFU’s Urban Studies Program, the Greater Vancouver Home Builders Association and the Urban Development Institute has ranked areas on four metrics to find the ten best for townhouse development. Topping the list is Langley Township with Richmond, Vancouver, Port Moody, Coquitlam, Surrey, Maple Ridge, White Rock, Port Coquitlam and the City of North Vancouver completing the top 10. The costs of approval applications range from $8,390 in Port Moody to $33,713 for a similar property in Surrey and the time taken for approval averages 39 weeks in White Rock but 72 weeks in Maple Ridge. As well as cost and time, communication and a streamlined process were important factors in the rankings. Read the full story.
