Howard Chai
Howard is a freelance real estate reporter based in Vancouver who covers the development industry, housing policy, and commercial real estate. He was previously Western lead at STOREYS, where his work was nominated for a Jack Webster award. He is also a contributor at Western Investor, RENX, The Tyee, and The Globe and Mail, as well as Founder of The Realist.
Renting
Vancouver Seeks To Fast-Track Low-Rise Rentals And Hotels With New Zoning District
According to a map provided by staff, most of the parcels to be rezoned are located in east Vancouver, and specifically along Main Street, Fraser Street, Victoria Drive, and Kingsway, although there are some within the Broadway Corridor as well.
Affordable Housing
Vancouver Eases Affordability Requirements For 9 Rental Projects Under New Development Relief Program
The City of Vancouver approved the Rental Development Relief Program in December to help improve the viability of projects with below-market rental units.
Development Projects
Surrey And TransLink Unveil 41-Acre Newton Centre Master Development Plan
The Surrey City Development Corporation (SCDC) and TransLink are planning between 2.2 million and 3.6 million sq. ft of development, depending on market conditions.
Development Projects
Maskeen Faces Receivership On Multi-Phase Surrey Project, 39-Storey Langley Tower
MCAP Financial is the lender on the Victory project in Surrey, and National Bank on the unnamed 39-storey Langley project.
Real Estate News
Metro Vancouver Regional District To Invest $150M Towards Expanding Housing Portfolio
The Metro Vancouver Regional District currently has a portfolio of 3,400 units, and is looking to add 2,000 more across the next 10 years.
Real Estate News
Ross McCredie On: Douglas Elliman Canada, Sutton Group, And The Luxury Market
After growing Sotheby's International Realty Canada, Ross McCredie took over Sutton Group, and will now be bringing Douglas Elliman to Canada.
Real Estate News
OREA Pushes For Development Charge Reform, Makes Several Recommendations
The Ontario Real Estate Association called development charges "one of the most direct levers available to reduce costs and accelerate construction" of new housing.
Commercial
How Lenders See Canada's 2026 Commercial Real Estate Market
For the first time in a decade, Vancouver is now the top market in terms of lender sentiment. The sentiment around office is also rebounding.
Construction
Construction Costs Stabilized In 2025, Expected To Align With Inflation In 2026
For 2026, BTY Group is projecting real GDP growth of 1.5% (after growing 1.7% in 2025), an unemployment rate of 6.9%, and 250,000 housing starts, but emphasizes that there continues to be a “high degree of uncertainty around economic relationships with the United States.”
Real Estate News
Chartwell To Sell Waterloo Asset To Resolve Competition Bureau Concerns
Last year, Chartwell announced that it was acquiring six properties in Ontario from Sifton Properties, prompting the Competition Bureau review.
Renting
New $1.3B Fund Launched To Buy Unsold GTA Condos, Convert To Rental
The "GTA Rental and Affordable Housing Initiative" is a partnership between High Art Capital and the Building Ontario Fund.
Office
Manulife Sells Downtown Ottawa's EDC HQ To Regional Group For $143.5M
Regional Group announced their acquisition of 150 Slater Street — a landmark office building near Parliament Hill — in late-February, but did not disclose the price.
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