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
Industry
Court Approves Hudson's Bay Liquidation Plan, Rent Agreement With RioCan
After several delays and a last-minute revision, Hudson's Bay will begin its liquidation plan on Monday, with six stores temporarily excluded.
Retail
Bonnis Properties Sells Hudson Mall On Granville For $89M To Hazelview
The retail property is the commercial podium of The Hudson at 610 Granville Street in downtown Vancouver.
Multifamily
Forum To Reposition Ottawa Student Housing Tower Under REIIF After $183M Purchase
Forum Asset Management is set to reposition ALMA @ ByWard Market Ottawa at 256 Rideau Street under its REIIF in Q3 2025.
Development Projects
Bosa Properties Revises Cohen Block Proposal, Doubling Height To 40 Storeys
Bosa Properties submitted their original rezoning application in 2023, but has now revised the proposal for 8-36 W Cordova and 15-27 W Hastings in Vancouver.
Industry
addy, Real Estate Crowdfunding Investment Platform, Fined $100K By BCSC
The BC Securities Commission says addy Technology Corp was operating was operating as an unregistered trader.
Development Projects
Bonnis Properties Ups Granville Street Proposal To Two Towers Up To 43 Storeys
Bonnis Properties has submitted a rezoning application for 800-876 Granville Street, after cancelling the previously-proposed 17-storey office tower.
Retail
A Timeline Of The Hudson's Bay Company's History And Insolvency
Canada's oldest retailer, the Hudson's Bay Company, is facing insolvency. Here's a timeline of its history and its ongoing creditor protection proceedings.
Industry
Cracks Emerge In RioCan And Hudson’s Bay Joint Venture Over Unpaid Rent
The joint venture RioCan REIT (TSX: REI.UN) and the Hudson's Bay Company established in 2015 leases space to Hudson's Bay.
Industry
Lenders Concerned About Owner Of Richmond Versante Hotel As Sales Process Stalls
Owned and operated by Michael Ching and Sunwins, the Versante Hotel at 8499 Bridgeport Road in Richmond became the subject of a foreclosure in January 2024.
Real Estate News
How Long Does It Take New Market-Rate Housing To Become Affordable?
Key factors in answering that question include the "filtering" effect of housing as well as construction timelines.
Development Projects
Brivia Group To Pay $55M To Cut Social Housing From 60-Storey CURV In Vancouver
The CURV tower by Brivia Group is set to be one of the tallest towers in Vancouver and the tallest passive housing building in the world.
Industry
Inside Hudson's Bay's "Fully Intertwined" Relationship With RioCan
The Hudson's Bay Company filed for CCAA creditor protection last week and that creditor protection extends to its joint venture with RioCan REIT (TSX: REI.UN) as well.
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