HOUSING AGREEMENT (AFFORDABLE HOUSING) BYLAW NO. 10437 TO SECURE 156 AFFORDABLE HOUSING UNITS, HOUSING AGREEMENT (MARKET RENTAL HOUSING) BYLAW NO. 10438 TO SECURE 120 MARKET RENTAL HOUSING UNITS, AND HOUSING AGREEMENT (MARKET RENTAL HOUSING) BYLAW NO. 10439 TO SECURE 17 MARKET RENTAL HOUSING UNITS IN PHASE 1 AND PHASE 2 OF THE PROPOSED DEVELOPMENT LOCATED AT 8671, 8731, 8771, 8831/8851 CAMBIE ROAD, 8791 CAMBIE ROAD/3600 SEXSMITH ROAD, AND 3480, 3500, 3520, 3540/3560 SEXSMITH ROAD

Table 2: LEMR Unit Mix Unit Type Affordable Housing Strategy Requirement Project Target Min. Unit area Max. Rent* Max. Household Unit Mix BUH Income* Features Studio 400 ft2 (37 m2) $811/month $34,650 or less 12% (18 units) 100% One bedroom 535 ft2 (50 m2) $975/month $38,250 or less 38% (60 units) 100% Two bedroom 7 41 ft2 (69 m2) $1,218/month $46,800 or less 29% (45 units) 100% Three bedroom 980 ft2 (91 m2) $1,489/month $58,050 or less 21 % (33 units) 100% *To be adjusted annually based on the terms of the Housing Agreement. The 156 LEMR housing units will be secured in perpetuity through the registration of a Housing Agreement on title. The Housing Agreement restricts the annual household incomes and maximum rents for eligible occupants and stipulates that the units must always be made available at affordable rental housing rates in perpetuity. The Agreement includes provisions for annual adjustments of the maximum annual housing incomes and rental rates required by the City. Additionally, the Agreement prohibits the owner from imposing any age-based restrictions on the tenants of the LEMR units. The Housing Agreement stipulates that occupants of the LEMR units shall have umestricted access to all indoor amenities and shared facilities (such as visitor parking) within the building, and residential outdoor amenity spaces on the lot. In addition, tenants of LEMR units will not be charged any fees in addition to their rent (e.g. parking or strata fees). To ensure that the owner is managing the LEMR units in accordance with the terms outlined in the Housing Agreement, the agreement permits the City to conduct an annual statutory declaration process. If the owner decides to sell the 156 LEMR units, the Housing Agreement stipulates that all 156 units must be sold to a single owner.

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