Insight: REIBC blog
Advancing the conversation on land and real estate issues in BC.

Insight: REIBC blog > Mitigating Risk with Good Process

Mitigating Risk with Good Process

posted on 10:59 AM, January 25, 2019
Centre for Wellbeing, Victoria, BC. credit: Andrew Doran

It's what you don't know or don't expect that will cause trouble for a development project. But good process will help to minimize risk and support successful projects.

Community engagement is "good business" for a variety of reasons, not the least of which is the opportunity to uncover issues and defuse tensions. "Open houses will bring to light issues that special interest groups regard as contentious," relates Jeff Simpson of Kaizen CRE Solutions. "It is valuable to gain an understanding of contrary viewpoints early and in a controlled environment." Taking steps to be as inclusive as possible is good process that has a direct relationship to a successful outcome.

Securing development approvals is, of course, necessary to advance a development project, but it's a process rife with challenge. Rezoning is one such challenge. "If a development site is zoned for uses incompatible with the intentions of the owner, or the proposed density of the project exceeds the stipulated floor area ratio (FAR), then filing an application to rezone is the administrative protocol," Simpson explains. "Depending on the nature of the rezoning case and the authority of jurisdiction, these applications can take anywhere from six months to a number of years before fourth and final adoption of the bylaw is enacted." It only makes sense, then, to take steps to streamline the process as much as possible.

Input Fall 2018.jpg
Download Fall 2018

Want tips on good process? Read Simpson’s tips for better community consultation, securing development approvals, and refining construction costs in “Community Consultation, Development Approvals, and Construction Costs” in the Fall 2018 edition of Input. Download Fall 2018

Join the conversation on Facebook

Recent Articles

Consumer-Focused Brokerage Enters Canada posted on 10:03 AM, May 8, 2020 in Insight: REIBC blog

Going National with an Online Real Estate Marketplace posted on 9:49 AM, April 17, 2020 in Insight: REIBC blog

New Business Models, New Legal Risks posted on 12:27 PM, March 27, 2020 in Insight: REIBC blog

Proactive Regulation posted on 10:39 AM, March 6, 2020 in Insight: REIBC blog

Adapt or Die posted on 10:29 AM, February 14, 2020 in Insight: REIBC blog

The Pace of Change posted on 10:41 AM, January 24, 2020 in Insight: REIBC blog

Stories from the National Housing Strategy posted on 10:58 AM, January 3, 2020 in Insight: REIBC blog

Supportive Housing and a Social Return on Investment posted on 10:43 AM, December 20, 2019 in Insight: REIBC blog

Housing in the Context of Reconciliation posted on 11:07 AM, December 6, 2019 in Insight: REIBC blog

Are There Drawbacks to Creating Social Housing Through Partnerships? posted on 10:25 AM, November 22, 2019 in Insight: REIBC blog