Burnaby
Industry
Thind Facing Foreclosure On Burnaby Maywood Project Acquired This Year
The Madeira Manor site at 4330 Maywood Street (6677 Silver Avenue) in Burnaby was acquired by Thind Properties from Kirpal Group.
Dec 10, 2024
Industry
Peterson & Create Properties At Odds, Facing $207M Debt On Burnaby Lake Village
The 14-building Burnaby Lake Village project by Peterson Group and Create Properties has been placed under CCAA creditor protection by RBC.
Industry
Thind Sells Hotel Component At 48-Storey Highline Metrotown For $47.2M
The hotel will be known as Hyatt Place Metrotown and be housed in the 10-storey building podium of Thind's Highline tower in Burnaby.
Industry
Thind Facing Two More Receiverships, Owes $220M To KingSett
The receivership application was filed by KingSett Capital against Thind's Highline and Minoru Square projects.
Tudor-Style North Saanich Estate In BC Hits Market For $2.4M
The beautiful home sits at 1345 Readings Drive in North Saanich, located on Vancouver Island in British Columbia.
Office
City Of Burnaby Pays $65M For Metrotown Place Office Towers Under Receivership
The Metrotown Place office towers at 4330 Kingsway and 5945 Kathleen Avenue in Burnaby were owned by Slate Asset Management when it was placed under receivership.
Policy
Burnaby Postpones Implementing Provincial TOD Legislation Once More
The Province's original deadline for local governments to implement Bill 47 was June 30, 2024.
Development Projects
Indigenous Kʷasən Village Master Plan In Burnaby Receives Final Approval
Kʷasən Village is planned for the 40-acre Willingdon Lands site at the intersection of Willingdon Avenue and Canada Way in Burnaby.
Construction
How DCC Rates Compare Across Metro Vancouver Municipalities
A recent report found that rates for development cost charges (DCCs) vary quite significantly from city to city.
Policy
Burnaby Considering Easing City-Wide Inclusionary Rental Requirements
Potential changes include applying inclusionary rental requirements only to strata projects and reducing the requirement from 20% to 10%, among others.
Policy
Burnaby Considering Development Framework Based On Height Instead Of Density
The proposed changes would use height instead of FAR as a development control mechanism, which could potentially speed up approvals.
Industry
Planned 34-Storey Willingdon Rose Project In Burnaby Subject Of Foreclosure
The Willingdon Rose project, set for 6622 and 6688 Willingdon Avenue in Burnaby, received third reading approval in December 2022, but is now under foreclosure.
Development Projects
Pinnacle 3-Tower Carrigan Court Project In Burnaby Receives Final Approval
The project at 3846 Carrigan Court is being developed by Pinnacle International, the developer of the nearby Pinnacle Lougheed project.
Development Projects
Pinnacle Lougheed 80 And 73-Storey Towers In Burnaby Granted Final Approval
The multi-phased Pinnacle Lougheed project by Pinnacle International is set for 9850 Austin Road and 9858-9898 Gatineau Place in Burnaby.
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