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
BC Gov To Order Changes In West Van And Oak Bay After Missed Housing Targets
Earlier this year, the Province appointed special advisors to review why West Vancouver and Oak Bay missed their housing targets by a wide margin.
Industry
Matchpoint Facing Receivership On Completed Chloé Project In Kerrisdale
The Chloé project at 2096 W 47th Avenue in Vancouver was completed by Matchpoint Development last year and placed under receivership this February.
Development Projects
First Capital Completes Land Assembly, OLT Settlement For Avenue Lawrence Project
First Capital REIT acquired the Avenue Road and Lawrence Avenue West properties in Toronto in phases over the last few years.
Multifamily
Foreclosed Project By Align Properties Near Oakridge Park Sold For $17M
Align Properties was planning two six-storey rental buildings at 5589-5661 Baillie Street in Vancouver before Amber Financial initiated foreclosure proceedings.
Listed Commercial
Republic and Harlo List Scarborough Junction Mega-Site With 7,655 Approved Units
The 7,655-unit Scarborough Junction master-planned community by Republic Developments and Harlo Capital is set for a 26-acre site right next to the Scarborough GO station.
Development Projects
VHDO Revises Pacific Burrard Project In Response To City Feedback
The Vancouver Housing Development Office unveiled the project near Burrard Bridge in December 2024 and has since made a series of revisions.
Development Projects
Dream Office REIT Secures Grant To Convert 16-Storey Office Tower In Calgary
The office building sits at 606 4th Street SW and Dream Office REIT (TSX: D.UN) has secured an $11 million grant via Calgary's office conversion incentive program.
Policy
Coquitlam Approves Temporary Density Bonus Discount, To Tweak Rental Incentives
Both the temporary density bonus discount and a revision to the Rental Incentive Program were considered by Coquitlam City Council on May 12.
Construction
TransLink Takes Legal Action Over Dunbar Construction Fire Incident
The construction fire incident that resulted in a crane toppling occurred at 3449 W 41st Avenue in Vancouver on August 6, 2024.
REITs & Institutions
Ravelin Properties REIT Issues "Going Concern" Warning
Ravelin Properties REIT is currently in discussions with its lenders regarding recapitalization, but will be unable to continue as a going concern if they are unsuccessful.
Appointment Notices
Exclusive: Burnaby Housing Authority Names John Brendan McEown CEO
John Brendan McEown started his tenure as CEO of the Burnaby Housing Authority on May 9.
Industrial
QuadReal Buys Maple Leaf Self Storage Chain Valued At Over $500M From Larco
The Maple Leaf Self Storage portfolio includes 11 properties in Metro Vancouver and four in Calgary and is valued at more than $500 million.
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