Coquitlam townhouse project gets third extension as council OKs delay
The council is willing but the market is weak.
In November 2022, Coquitlam council approved a three-storey, 42-unit townhouse development earmarked for the 600-block of Harrison Avenue just off Clarke Road and about one kilometre north of Burquitlam Station.
With third reading set to expire and send the project back to the drawing board, the applicant asked for a one-year extension in 2023. Citing uncertainties around recent provincial housing legislation, the applicant asked for another extension in 2024.
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On Nov. 17, with developer Forte Living Corporation citing issues around servicing and financial requirements, council approved another one-year extension.
Responding to a question from Coun. Dennis Marsden about the applicant pumping the brakes, staff said this was more a case of market-driven challenges rather than issues with servicing the site.
Third reading extension are fairly common, according to Coquitlam’s director of development services Chris Jarvie. Council approved 14 extensions in 2024 and 10 in 2023.
Council has approved a total of eight extensions so far this year, including a nine-tower City Centre project as well as a North Road office building.
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