Subdividing GVRD Properties

(March 27, 2014 )

Whether your are considering subdividing a property you currently own or investing in a property and subdividing in the lower mainland or B.C.? Please consult with a knowledgeable real estate team and industry professionals that are experienced with the various costs, potential issues, processes, agencies etc. Many outstanding opportunities abound in the Vancouver, Fraser Valley and lower mainland to subdivide and build or develop. Below are just a few of the City of Vancouver's various examples and processes. Feel free to call or email our real estate team for a no obligation consultation regarding the sale of your home, property or potential subdividing. 

Types of subdivision applications:

Minor subdivisions
Subdivision of existing sites that are less than 4000 m² in total area are considered minor subdivision applications. Usually, minor subdivisions involve the creation of two or more new parcels from one or more larger parcels. If a proposal is supportable, it usually takes between four to six weeks to issue a preliminary approval letter.

Intermediate and major subdivisions
Subdivision of existing sites between 4 000 m² and 10 000 m² in total area are considered intermediate subdivision applications, while sites over 10 000 m² are considered major subdivision applications, if they are likely to require legal agreements to address servicing, soils and access issues. Subdivision staff should be contacted prior to submitting a preliminary proposal for all intermediate and major applications, to confirm which application fee will apply. Processing times for intermediate and major proposals vary with the complexity of the proposal, the number of legal agreements required and the number of other proposals being processed.

Dedications for road or lane
Dedication of land to achieve road or lane widening is sometimes established as a condition of development permit issuance or a rezoning application. Processing time for dedications is usually one to two weeks, unless there are soil contamination issues. Subdivision plans for dedications must be registered at the Land Title Office to fulfil a development permit or rezoning condition.

Joining properties (consolidation)
Joining two or more parcels into a single parcel is sometimes established as a condition of development permit issuance or a rezoning application. Consolidation plans can be prepared by a BC Land Surveyor and do not require approval from the Approving Officer, unless a road or lane dedication is also required. Consolidation plans need to be registered at the Land Title Office to fulfil a development permit or rezoning condition.

Air space subdivision
Air space subdivision is a volumetric subdivision with both horizontal and vertical dimensions, commonly used to separate ownership in mixed use buildings, such as commercial/residential developments, in order to allow each component to be financed and owned independently of the other. Subdivision staff should be contacted prior to submitting a proposal. Most preliminary approvals take approximately 12 weeks to process and a similar period can be anticipated to complete various legal agreements established as approval conditions.

Share
blog comments powered by Disqus

Categories

Archives

Subscribe To This Blog

Translate This