Multifamily
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.
Oct 30, 2024
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.
Country Calling: Get To Know Sherwood Park, A Beloved Alberta Hamlet
For those who prefer to opt out of urban life without being too far removed from modern comforts, hamlets like Sherwood Park, Alberta are a perfect landing place.
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.
Listed Commercial
Starlight Selling 40-Storey Aqua Tower In New West Just 4 Years After Acquisition
Toronto-based Starlight Investments acquired 900 Carnarvon Street, known as Aqua at Plaza 88, in New Wesminster in October 2020.
Listed Commercial
JLL Lists Site Of Planned Queen West Condo From KingSett
The site has zoning approvals in place for a 12-storey mixed-use building with 21 condo units.
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.
Multifamily
Westbank Sells The Pendrell In Vancouver To CAPREIT For $137M
Vancouver developer Westbank completed The Pendrell in 2019 and has now sold it to CAPREIT for $137M.
Commercial
"Let's Just Get The Deal Done": Inside The CRE Rush To Beat The Capital Gains Deadline
Both buyers and sellers were motivated to get deals done ahead of the capital gains tax change coming into effect on June 25.
Commercial
Redevelopment Site Near Bayview Village Hits The Market For $18.9M
Compellingly, the property is just five minutes away from Bayview Village, which is the site of a massive redevelopment project that is sure to give real estate in the surrounding area something of a boost.
Commercial
How Canada's Commercial Real Estate Markets Will Play Out In 2024
An in-depth look at where the office, industrial, retail, and multi-family sectors currently stand and what to expect for them in 2024.
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