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.

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.

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.