Staff Writer & Western Lead

Policy

BC Sets 2026 Rent Increase Cap At 2.3%, Tying It To Inflation

The 2.3% maximum rent increase cap set for 2026 is a significant decrease from the 3.0% that was set for 2025.

Multifamily

PCI Sells 3 East Van Rental Buildings Valued At Over $160M To Realstar

​PCI Developments has sold its Yarrow, Aster, and Kaslo rental buildings in East Vancouver to RealStar in a share sale.

Multifamily

Landa Global To Buy Burnaby Siena Project Under Receivership For $12M

The Siena the Heights project at 4451 Hastings Street in Burnaby was being developed by I4 Property Group before it was placed under receivership in February.

Development Projects

Starlight Planning 3 Infill Towers Up To 45 Storeys Near Lougheed Station

​Starlight Investments acquired 9500 Erickson Drive, also known as Lougheed Village, in 2015 and is now planning three additional infill towers.

Policy

BC Issues Housing Supply Targets For Burnaby, Coquitlam, Richmond, And More

​This fourth cohort brings the total number of municipalities that have received housing supply targets from the Province to 40.

REITs & Institutions

Dream Residential REIT Acquired By US-Based Morgan Properties In $354M Deal

Dream Residential REIT (TSX: DRR.UN) announced it was undergoing a review earlier this year, which is now ending with an all-cash sale to Morgan Properties.

Development Projects

Nicola Wealth Revises Two W 41st Projects After Buying Out Coromandel

​Nicola Wealth Real Estate and Coromandel Properties announced both W 41st Avenue projects a year before the latter filed for creditor protection.

Retail

Bonnis Properties Sells Granville-Robson Retail Complex For $140M

​The high-profile retail complex at 798 Granville Street in downtown Vancouver was listed for sale in late-2023.

Policy

Edmonton Introduces $15M Downtown Student Housing Incentive Program

​The Cit of Edmonton's new Downtown Student Housing Incentive would provide up to $30,000 per unit of student housing.

Policy

Feds Outline Initial Vision For New 'Build Canada Homes' Entity

Prime Minister Mark Carney promised to "get the government back in the business of building" as part of the Liberals' election platform.