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.
Development Projects
Toronto Townhouse Project With 65 Unsold Units Placed Under Creditor Protection
At 1682 Victoria Park Avenue in North York, Solotex Group was planning a 147-unit townhouse project called Vic Towns. 65 units remain unsold.
Real Estate News
Ontario Projected To See Stronger Housing Market Improvement Than BC: CMHC
Housing starts are expected to decline in BC between 2026 and 2028, but are expected to increase in Ontario.
Real Estate News
Burquitlam Rising: What Developers Saw (And See) In The Burgeoning Neighbourhood
Evan Allegretto of Intracorp and Mike Mackay of Strand, both of which have multiple towers under construction in the area, discuss what drew them to Burquitlam.
Development Projects
OpenForm Redesigns Burnaby OpenRoad Honda Redevelopment, Shifts To Rental
OpenForm Properties previously received approval for a 40-storey tower at 7211 Greenford Avenue in Burnaby, but has reduced the height.
Development Projects
Recently-Completed Manderley Condo In Toronto Placed Under Receivership
Located at 1478-1496 Kingston Road in Birch Cliff, The Manderley by Nova Ridge Development Partners Inc. has 194 units, 70 of which are unsold.
Development Projects
Mixed-Use 31-Storey Tower Proposed Near Future 152nd Street Station In Surrey
The proposal is for 15284-15296 Fleetwood Drive, and includes 358 residential units plus commercial space.
REITs & Institutions
Axia Real Assets Bids $1.23B For Plaza Retail REIT
Plaza Retail REIT says the bid from Axia Real Assets was unsolicited, and is now being considered by a special committee.
Development Projects
Grosvenor Ups Vancouver Mayfair West Master Plan To 2,600 Units
A rezoning application for the Oakridge Transit Centre at 929 W 41st Avenue was approved in 2020, but is no longer viable, says Grosvenor.
Office
Trophy Office Assets Standing Out In More Ways Than One: Report
The bifurcation between trophy assets and the rest of the pack is not just seen in leasing activity, but also sales activity.
Development Projects
KingSett Buys Insolvent TAS Labatt Village Project With $84.1M Credit Bid
KingSett Capital placed the two-tower TAS project, located at 7 Labatt Ave. and 77 River St. in Toronto, under receivership earlier this year.
Development Projects
TD Bank Places 27-Storey Burlington Waterfront Project Under Receivership
The project by Core Development Group was set for 2093, 2097, and 2101 Old Lakeshore Road plus 2096 and 2100 Lakeshore Road in Burlington.
Development Projects
OpenForm, Alabaster Planning 32-And 28-Storey Towers In Metrotown
The proposal from OpenForm Properties and Alabaster Homes is set for 6470 and 6508 Silver Avenue in Burnaby, steps away from Metrotown Station.
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