Quote:
Originally Posted by jlousa
Approved doesn't mean anything. Planned approved by the developer to submit? Rezoning approved by the city? Financing approved by the banks? Building permit approved by the city? Each of those things needs to happen and we aren't creating titles for all of those. The standard we use works nicely, a project is only proposed until it's actually under construction, you can argue our definition of u/c but it's a common one used thru out the industry. But ask ten economists and... 
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well i mean of course city approval. the other ones are irrelevant and you know it. there is a big difference between being approved by the city and being proposed to the city. an example with this is that there is a giant hole here being dug for the last while. but unless you go into the thread and find the photos of it you wont know this is actually moving along. as osirisboy mentioned you'd assume its doing nothing still.
whether approved or site prep, both mean the same thing. i.e. it isn't "U/C" yet but it is more then just an idea. whatever you want to call it that's what i meant, and i am sure you knew it.
Proposed = "this idea can be cancelled/denied by anyone at anytime"
approved/site prep/dealers choice = "this idea has been cleared to start construction"
U/C = "currently being built"
Finished = "being lived in"
Cancelled = "no longer going to happen at this time"
the 4th category is to signify it is more then an idea that could never happen. it shows that the government is allowing it which is generally the only barrier when it comes to building in Vancouver. not always, but close enough.