Frequently asked questions
Why is Intracorp proposing to redevelop these properties?
The properties are located within the Burrard Corridor in the West End Community Plan, which is where the City permits higher density development. Intracorp, along with their partners Forseed Group and CM Partners, purchased the properties in August 2018 with the intention to redevelop. The existing building is nearing its end of life and will eventually need to be replaced.
What is the timeline for this proposal? Has an application been submitted?
When will residents have to vacate the building? What's the last possible day to move out?
Our current anticipated timeline places the moveout date for December 2023, but it could be later. However, as you probably know, the West End is a very popular place to live and you therefore may want to consider not waiting until the final Notice to End Tenancy before you start looking for alternate accommodations . The project will have to have all of its permits and approvals in place before a Notice to End Tenancy is issued to tenants. 4 months notice is required per the BC Residential Tenancy Act but we are offering 6 months notice in order to provide a little more time.
Who is eligible for tenant assistance?
As many tenants know the property does not fall under the City’s Tenant Relocation and Protection Policy. The applicant and Sommerville Community Relations are working with the City of Vancouver to develop a tenant compensation and assistance plan. We will share updates on our proposed tenant assistance plan as soon as they are available. All tenancies are covered under the provincial Residential Tenancy Act.
What kind of assistance are you offering?
How are you planning to communicate with tenants moving forward?
What is being proposed?
What are the proposed rents for the rental housing units?
Rents will be determined at the time of leasing. Unfortunately, we are not able to predict what rental rates will be several years from now.