At one of the Arbutus Corridor events, I spoke with someone from the city who is in a position to have good insight in regards to the COV's transit priorities.
I was told that the next three projects will be:
1. The Millennium Line;
2. The Street Car Network; and
3. A Hastings Line (negotiations with Burnaby will determine where it the line goes after/at Boundary
41st will remain a B-line for quite the foreseeable future. There is also serious consideration to having the M-line become elevated as it heads further west of Arbutus.
I should add, I had a few drinks in me after the Big Rock Brewery open house, so blame any slightly incorrect understandings on me.