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
People
Harvey Kalles, Founder Of Landmark Toronto Brokerage, Dies At 98
Harvey Kalles founded Harvey Kalles Real Estate in 1957. He passed away on Wednesday, July 9.
Industrial
TransLink Buys 5-Acre Industrial Site Near Vancouver Transit Centre For $63M
The TransLink recently acquired a portion of 9150 Bentley Street, directly adjacent to the Vancouver Transit Centre at 9149 Hudson Street.
Development Projects
Peterson Completes Buyout Of Create Properties From Burnaby Lake Village Project
The 19-acre Burnaby Lake Village project was placed under creditor protection in November after conflicts arose between Peterson and Create Properties.
REITs & Institutions
H&R REIT Considering Strategic Sale After Receiving Multiple Offers
H&R REIT (TSX: HR.UN) said that it formed a special committee in February after receiving an unsolicited expression of interest from a potential buyer.
Hotel
Truman Announces 69-Storey W Hotel And 62-Storey JW Marriott In Calgary
Truman and Louson are now developing a total of three hotels — the W Calgary, JW Marriott Calgary, and Autograph Collection Hotel — in Calgary's Culture + Entertainment District.
Real Estate News
Greater Vancouver Real Estate Market Seeing "Emerging Signs Of A Recovery"
Home sales in Greater Vancouver are still down, but started to regain footing in June, according to Greater Vancouver Realtors.
Policy
Vancouver Unveils New Rupert And Renfrew Plan, Unlocking Up To 10K New Homes
The new Rupert and Renfrew Station Area Plan has been in the works since late-2021 and is set to be approved by Vancouver City Council on July 8.
Development Projects
Polygon Planning 31-Storey "Elysée" Condo Tower Near Oakridge Park
Polygon acquired the 5655 Cambie Street site earlier this year and has submitted a rezoning application for a 31-storey tower named Elysée.
Hotel
Brookfield Buys Shangri-La Vancouver From Westbank & Peterson, Rebrands It As Hyatt
The Shangri-La Vancouver is located within a 62-storey tower developed by Westbank and Peterson and is set to be rebranded as a Park Hyatt in 2026.
People
BC Real Estate And Development Industry Hires And Promotions: June 2025
Commercial real estate brokers, Marcus & Millichap, Colliers, and Avison Young all made notable hires or promotions, as did developers Concert Properties, Wesgroup, and Wesbild.
Development Projects
High-Rise Condo Projects In Surrey Pivoting To Rental Amid Market Downturn
The Metro Vancouver presale market is tempered, but developers want to carry on with their projects, so are thus pivoting to rentals.
Real Estate News
Calgary Real Estate Board Downgrades 2025 Forecast Due To "Heightened Uncertainty"
The Calgary Real Estate Board (CREB) previously projected over 26,000 sales in 2025, but is now cutting that projection to around 23,000.
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