In this episode, Brent and James have a conversation with Jaraad Marani, Vice President Development Advisory with Colliers to discuss the Broadway Plan.
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Over 1.5 million people live in strata housing in the Province of British Columbia.
Let's face it, you'd rather watch reruns of the nightly news than read the Strata Property Act (And we can't blame you) Still, most people are at a loss when it comes to understanding such an important framework for how many of us live our lives in proximity with one another.
🎙 Stratagize with Brent Anderson & James Milne features conversations with industry leaders and experts who share their knowledge to demystify an industry that impacts the lives of more than 1 out of 3 British Columbians.
Whether you are a council member, owner, investor, or renter, if you're looking for content that will bring value to your strata and help you get to the next level… THIS is it!
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🚨 STRATA TIP:
Getting back to in-person meetings
Every strata is different, but consider moving away from fully virtual meetings, particularly for your AGM. In person meetings are better for fostering conversations and opening to questions and an important meeting like the AGM where the years goals and plans are discussed benefits from more community involvement.
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MAIN TAKEAWAYS:
🛠 Tower maximums per block: On Broadway no more than 3. Off Broadway no more than two
🛠 Removal of parking minimums and reduction of 4 traffic lanes down to two
🛠 The plan will probably get refreshed in 15-20 years as demographics and politics change
💬 QUOTES
“Change is inevitable, but how we manage that change and how we’re respectful with each other during those conversations can be useful.”
MYTH VS FACT 🦄
“The amount of public consultation means the plan is heavily opposed.”
(Myth)
Opposition is always louder than approval and the quiet majority almost never comes out to public hearings. The challenge with consultation is that 100% agreement is not possible.
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