Not IMO. But it could be a sign the building was sold to BC Housing.
Oh for sure, or they have leased it or whatever, pending the sale.
I'm going to go out on a limb here.
I'm going to say that it's for now going to be "high barrier" housing, with carefully screened tenants. No drugs/alcohol, but all you in the tent city, come on over if you can live with our rules. Oh, and the rest of you, get off the lawn in 30 days.
Then, in the meantime, Cool Aid is to work with the school and neighbours to assure them that when it gets lower barriers, after the summer or after renovations or whatever, there will be a good understanding in place.