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
City Of Vancouver Introduces New Hotel Development Policy
Vancouver has a shortage of 10,000 hotel rooms according to Destination Vancouver and the City is looking to address that shortage with policy changes.
Development Projects
VHDO Planning 27-Storey Social Housing Tower On City-Owned Granville Loops Site
The social housing tower at 1395 Rolston Street is part of the larger Granville Loops redevelopment at the eastern end of Granville Bridge in Vancouver.
Development Projects
Victoria Evergreen Terrace Redevelopment By BC Housing To Include 900 Units
The existing Evergreen Terrace housing development sits on a 7.81-acre site along Blanshard Street between Bay Street and Hillside Avenue in Victoria.
Economy
How A Weakened Canadian Dollar Impacts Commercial Real Estate
The Canadian dollar is lower now than it was a year ago, but that may not be a bad thing for commercial real estate.
Development Projects
Tridel Finalizes Contract To Construct The One, Completion Expected In 2028
Following court approval of the contract, the receivership proceedings for The One will shift to CCAA creditor protection proceedings.
Industry
Foreclosed Oak Keys Project By South Street In Vancouver Listed For Sale
South Street Development Group was planning a townhouse community at 851 W 28th Avenue in Vancouver, but the property is now subject to a court-ordered sale.
Development Projects
Bazis Buys Two-Tower Project From First Capital For $32M, Planning Third Tower
First Capital REIT (TSX: FCR.UN) has sold 895 Lawrence Avenue East in North York, where it was planning two towers. Bazis is now planning three towers for the site.
Multifamily
Boardwalk REIT Acquires Elbow 5 Eight Property In Calgary For $93M
The Elbow 5 Eight rental building is located at 730 58 Avenue SW in Calgary and was developed by Cove Properties.
Industry
A Timeline Of Thind Properties And Its Insolvency
Thind Properties is currently facing insolvency proceedings on its District Northwest, Minoru Square, Highline Metrotown, Eclipse Brentwood, and Maywood projects.
Profiles
CEO Neil Chrystal On Polygon Homes' 45th Birthday And The Current Development Landscape
Polygon Homes was founded in 1980 and Neil Chrystal has been with the company since 1987.
Industrial
BC Pays Jim Pattison $52M For Richmond Property Near Fraser River Tunnel Project
The large industrial property at 13140 Rice Mill Road (13200 Rice Mill Road) was owned by Canfisco Group, a division of Jim Pattison Group.
Real Estate News
Only Thing Missing From Vancouver Market "Made For Buyers" Is... Buyers: GVR
Market conditions in Greater Vancouver are very favourable to buyers at the moment, says Greater Vancouver Realtors, but buyers are not showing up.
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