Howard Chai
Howard is based in Burnaby and covers real estate, housing policy, and the development industry. You can email him at howard@storeys.com or message him anonymously on Signal at HowardChai.24.
Staff Writer & Western Lead
Policy
Vancouver Proposing Suite Of Changes To DCLs, CACs To Support Project Viability
The changes the City of Vancouver has proposed include deferred DCL payments, modifying the payment requirements for CACs, and providing more flexibility with floorplates.
Multifamily
Carttera Buys Queen Street W Project For $28M, Planning 27 Storeys
Republic Developments had previously received approval for a 24-storey tower at 1266 Queen Street West in Toronto, but Carttera has proposed some revisions, including a pivot from condo to rental.
Profiles
KEY Marketing's Cam Good On Why The "Condo Day" Flash Sale Concept Works
Cam Good led the recent "Condo Day" flash sale for the Belvedere project in Surrey by Square Nine Developments and sold 63 of 78 units.
Development Projects
Why Vancouver City Council Approved The Commercial-Broadway Safeway Project
Westbank and Crombie REIT have been working on the Commercial-Broadway Safeway redevelopment at 1780 E Broadway for nearly a decade.
Calgary
Inside Calgary's First Office-To-Post-Secondary Conversion
Nine floors within the office tower at 801 7th Avenue SW, also known as the Nexen Building, are being converted for the University of Calgary through the City's incentive program.
Profiles
Lucy Maloney On The Renters Office, First Month On Vancouver City Council
OneCity Vancouver's Lucy Maloney was elected to Vancouver City Council in April and effectively filled the seat vacated by Christine Boyle.
Development Projects
Burnaby Advances 50-Storey Rental Tower And Community Hub In BC Builds’ Largest Project Yet
The development is set for 7135 Walker Avenue and 7244 Arcola Street in Burnaby and being advanced by Gracorp on behalf of The Neighbourhood Church.
Industrial
Calgary To Boost Industrial Development With New Incentives, Action Plan
The Industrial Action Plan includes a potential development incentive program, streamlined approvals, and updates to land-use and zoning bylaws.
Development Projects
Vancouver's First Mass Timber Hotel Proposed Near Granville Island
The 18-storey hotel proposal is set for 1580 W 3rd Avenue in Vancouver, about midway between Granville Island and W Broadway.
Policy
Vancouver Passes New Development Approval Procedure Axing Public Hearings
The change that eliminates public hearings for ODP-compliant development projects is being introduced so the City is compliance with Bill 18.
Multifamily
Fiera Buys Quarry Park Towers For $120M In Top Q1 Transaction In Calgary
The acquisition of DeVille at Quarry Park was announced by Fiera Real Estate in January, but financial details were not disclosed.
Real Estate News
Inventory In Vancouver Resale Market Hits 10-Year High As Buyers Remain Hesitant
Residential sales in May were 18.5% below May 2024 and 30.5% below the 10-year average for May, according to Greater Vancouver Realtors.
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