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
Industry
Surrey Retail Complex Owned By Landmark Premiere And Cenyard Facing Foreclosure
The Guildford Place retail complex at 10310-10340 152nd Street in Surrey is co-owned by Landmark Premiere Properties and Cenyard Investments.
Real Estate News
Homes Sales In Greater Vancouver Down 24% Amidst Economic Turmoil
Residential sales in Greater Vancouver are down year over year despite borrowing conditions being better now.
Commercial
Bonnis Properties Ordered To Return $1.1M Deposit After Failed Sale In Vancouver
The subject site is 728-796 Main Street in Vancouver and Bonnis Properties was set to sell the site to Epix Developments for $22 million.
Appointment Notices
BC Real Estate And Development Industry Hires And Promotions: April 2025
There was less people news in April than March in BC's real estate and development industry, but there were still some notable hires and promotions.
Construction
Inside Forum Asset Management's $15.5M Development Charges Battle In Guelph
Forum Asset Management announced earlier this month that it is putting the second phase of its student housing project in Guelph on hold after the City's decision to impose $15.5 million in development charges.
Industry
Landmark Premiere Properties Facing Second Insolvency In Vancouver
This latest insolvency for Landmark Premiere Properties is pertaining to three parcels right across the street from Oakridge Park in Vancouver.
Construction
City Of Coquitlam Outlines Rates For New Amenity Cost Charges Program
The City of Coquitlam is set to begin consultation on the new amenity cost charges (ACCs) program, which could be adopted as early as June.
Development Projects
Nicola Wealth To Buy Foreclosed Rental Project In Mount Pleasant For $13M
The project was set for 304 and 316 E 1st Avenue in Vancouver before a foreclosure proceeding was initiated in July 2023.
Industry
Court Dismisses $1.4B Bid From Mysterious Entity To Buy The One
The $1.4 billion bid to buy The One was submitted by an entity called Chateau Yorkville Corp. despite Tridel already being selected to complete the project.
Industrial
Choice Properties REIT Announces $340.3M In Industrial Property Acquisitions
The acquisitions announced by Choice Properties REIT (TSX: CHP.UN) occurred subsequent to Q1 2025.
Office
Polygon Buys Corner Site Across From Oakridge Park, Planning 27-Storey Tower
The 5655 Cambie Street site in Vancouver is currently occupied by an office building and Polygon has already submitted a rezoning application.
Policy
Vancouver Proposing Sweeping Changes To Accelerate Redevelopment Of DTES
Proposed changes for the Downtown Eastside include reduced social housing requirements, increasing allowable heights, and streamlining development processes.
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