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.
People
Manuela Preis On Loving (And Posting) Life As A Crane Operator
"It takes a lot of mental work which, for me, is great. I like a busy brain. You pay attention to many things at the same time."
Development Projects
Graywood Buys Yonge–Eglinton Development Site From First Capital REIT For $42M
The sale of 34-70 Montgomery Avenue was completed last year, and Graywood has since submitted a new application for the site.
Real Estate News
Crestpoint Buys 145 Wellington For $50.8M, Site Slated For H&R REIT Tower
H&R REIT announced the sale of 145 Wellington Street West in November as part of $1.5 billion in dispositions, but did not disclose individual sale prices.
Development Projects
Onni Group Advances New Surrey City Centre Master Plan Project With 2,700+ Units
The proposal would see Onni Group redevelop the Regency Gardens apartment complex near Whalley Athletic Park into five mid-rise buildings and seven high-rise buildings.
Development Projects
LJM Hamilton Tower Placed Under Creditor Protection Amid Company's Liquidity Crisis
LJM Developments completed the LJM Tower at 2782 Barton St E last year, but many buyers did not close on their presales. LJM has also defaulted on several other loans.
Real Estate News
BC Raises Taxes, Adjusts Housing Investments, And Partners With Build Canada Homes
The partnership between the federal and provincial governments will see Build Canada Homes contribute $170 million, and BC Housing contribute $640 million.
Development Projects
Peterson Ups Burnaby Blake Village Project To 5,250 Units As Site Prep Begins
Peterson is revising the plan for 6800 Lougheed Highway after Burnaby introduced a new OCP and height-based development framework.
Listed Commercial
Terracap, Great Gulf Move On From Long-Dormant King-Spadina Project
Over the years, they renovated the office and retail building at 401-409 King Street West, and later constructed a commercial building at 415 King Street West. The building was a longtime home to an LCBO before becoming home to Spirit Halloween and, more recently, the Toronto Night Market.
Affordable Housing
Vancouver To Develop Affordable Multiplex Via Housing Design Catalogue, Federal Funds
The 12-unit project is set for 3122 SE Marine Drive, will cost $8.5 million, and will make use of both the Housing Accelerator Fund and Affordable Housing Innovation Fund.
Retail
Hudson's Bay Left Behind 15 Million Sq. Ft Of Space. What Happens To It Now?
Liquidating HBC's assets and closing all of its stores was the easy part — and has mostly been completed already. The hard part is determining what to do with the huge blocks of vacant space left in the company’s wake.
Development Projects
10 Major Metro Vancouver Developments Set To Complete In 2026
Developers like Anthem, Beedie, Chard, Concert, QuadReal, PCI, and Polygon all have notable projects set to complete this year.
Commercial
Confident In Office, Europro JV Buys 7.8-Acre Yonge Corporate Centre From Cadillac Fairview
With the Yonge Corporate Centre acquisition, Europro now owns three significant assets along Yonge Street in the North Yonge corridor.
Load more