Multifamily

A rendering of the Elm41 project planned for 2465 W 41st Avenue in Vancouver.
Multifamily

Landa Global Buys Foreclosed Vancouver Elm41 Project By iFortune For $14M

iFortune Homes was planning a project called Elm41 at 2465 W 41st Avennue in Vancouver before foreclosure proceedings were initiated in August 2023.

Multifamily

Minto REIT Buys 50% Stake In Lonsdale Square, Entering Metro Vancouver Market

​Lonsdale Square is 113-unit rental building located at 126 E 21st Street in North Vancouver that Minto Apartments developed with Darwin Construction.

Multifamily

Starlight Buys Victoria Property Under Receivership For $23.5M After Bidding War

​The 87-unit rental building at 4026 Quadra Street in Victoria was previously owned by Asfar Holdings Ltd. when it was placed under receivership in March.

Multifamily

RioCan & Allied Sell 8-Storey Strada In Toronto To CAPREIT For $48M

The 8-storey Strada at 555 College Street in Toronto was developed in 2021 by RioCan and Allied Properties REIT.

Multifamily

First Capital REIT Sells 50% Stake In North Vancouver Project For $29M

Victor, located at 65 Chesterfield Avenue in North Vancouver, was developed by Cressey Development and First Capital REIT.

Industry

CBRE To Broker Sale Of High Park Church Conversion Under Receivership

Construction on the High Park site has not advanced since late 2023 when the trade contractors abandoned the project “due to liquidity challenges and other delays.”

Multifamily

Westbank Continues Selling Spree With $133M Sale Of Zephyr To Crombie REIT

​Crombie REIT has reached an agreement with Westbank to acquire the remaining 50% interest in The Zephyr at 1661 Davie Street for $133M.

Construction

High Land Costs In Vancouver Pushing Condo Projects Out To Suburbs: CMHC

​The City of Vancouver is leading the region in rental housing starts, while condominium developments are moving out to suburbs like Burnaby and Surrey.

Multifamily

BC Housing, YWCA Buy 388 Slocan Affordable Housing Project By Chard For $32M

The 70-unit affordable housing project at 388 Slocan Street, the YWCA Sandy So Vista, was developed by Chard Development.

Policy

"A Dramatic Shift": Provincial Fund Now The Biggest Buyer In BC's Multi-Family Market

British Columbia’s $500 million Rental Protection Fund has kicked into high gear since it was announced by Premier David Eby more than a year ago, but it's not without its critics.

Multifamily

The Lauren, Developed By Westbank And Peterson, Sold To Starlight

The Lauren is a 22-storey rental tower located at 1051 Broughton Street in the West End of Vancouver that was completed by Westbank and Peterson in 2014.