Surrey 2021 planning report 7920-0143-00

In partial adherence to the rental replacement requirements of Surrey’s City Policy No. O-61, the applicant is proposing to replace all 88 existing rental units on site with 424 new rental units in two 6-storey purpose-built rental buildings. Although the rental units are proposed to be replaced at a higher than 1:1 ratio, the units are proposed to be provided at rents geared to moderate income households, rather than at affordable rental rates for low to moderate income households (defined as 10% below current Canadian Market and Housing Corporations (CMHC) average rents) as specified in the Policy.

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