Multifamily

The Modus project planned for 7576 Granville Street (1488 Park Drive) in Vancouver.
Multifamily

Landa Global To Buy Vancouver Modus Project Under Receivership For $10.6M

The Modus project planned for 7576 Granville Street in Vancouver was being built by Centred Developments before it was placed under receivership in May 2024.

Industry

Difficulties In China Force Aoyuan To Sell Projects In Vancouver, Toronto

The sales China Aoyuan Group has made are pertaining to The Grove and One Central in Metro Vancouver, and 120 Peter Street and M2M Condos in Greater Toronto.

Multifamily

Port Moody Bayrock Terrace Project Under Receivership Finds Buyer

​The Bayrock Terrace project was being planned for 3000 Henry Street in Port Moody by Aultrust Financing before it was placed under receivership by KingSett Capital in July.

Multifamily

Foreclosed Auberry Project In Vancouver By iFortune Homes Sold For $16.5M

​iFortune Homes was planning a project called Auberry at 463 W 59th Avenue in Vancouver before foreclosure proceedings were initiated in April 2024.

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.