Joel Dyck, a REALTOR® with Real Broker SK Ltd. in Saskatoon, sees these proposals go through the same channel every time: a development permit application, posted notice to the surrounding neighbourhood, and in many cases a public hearing before City Council or the Municipal Planning Commission before anything is approved.
For a homeowner nearby, the useful question is not what the program is called but what stage one specific proposal has reached, since a project still inside its notice period is a different situation than one that has already been operating for a year or more.
Joel Dyck factors a nearby project's actual, confirmed status into how he prices a listing, rather than reacting to a rumour about what might get built. Get your hand-reviewed valuation from Joel Dyck.