Minor variance 2025

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2017 4.8 Satisfied (94 Votes)
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(1) A minor variation is a minor modification, addition, or variation to a building consent that does not deviate significantly from the plans and specifications to which the building consent relates.
The simple definition of the term variance is the spread between numbers in a data set. Variance is a statistical measurement used to determine how far each number is from the mean and from every other number in the set. You can calculate the variance by taking the difference between each point and the mean.
A minor variance approval is a certificate of permission that allows a property owner to obtain a building permit even though their development proposal does not comply precisely with the zoning by-law.
Mean-variance analysis is the process of weighing risk, expressed as variance, against expected return. Investors use mean-variance analysis to make investment decisions. Investors weigh how much risk they are willing to take on in exchange for different levels of reward.
Variance is a statistical measurement of the spread between numbers in a data set. It measures how far each number in the set is from the mean (average), and thus from every other number in the set. Variance is often depicted by this symbol: 2.
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You can appeal if your variance request is denied. The appeal process will depend on your local government or zoning authority, but it typically includes a public city council or planning commission hearing.

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