British Columbia / Alberta

​The exterior and interior of the Versante Hotel at 8499 Bridgeport Road in Richmond.
Industry

Lenders Concerned About Owner Of Richmond Versante Hotel As Sales Process Stalls

Owned and operated by Michael Ching and Sunwins, the Versante Hotel at 8499 Bridgeport Road in Richmond became the subject of a foreclosure in January 2024.

Development Projects

Brivia Group To Pay $55M To Cut Social Housing From 60-Storey CURV In Vancouver

​The CURV tower by Brivia Group is set to be one of the tallest towers in Vancouver and the tallest passive housing building in the world.

Industry

Inside Hudson's Bay's "Fully Intertwined" Relationship With RioCan

The Hudson's Bay Company filed for CCAA creditor protection last week and that creditor protection extends to its joint venture with RioCan REIT (TSX: REI.UN) as well.

Other (Canada)

Canada's Population Is Aging, Where Is Everyone Going To Live?

The Government of Canada projects that seniors will account for nearly one quarter of the overall population by 2040.

Economy

Bank Of Canada Slashes Interest Rate To 2.75% As Trade War Develops

This marks the seventh interest rate cut in a row delivered by the Bank of Canada since June 2024.

Office

Rize Alliance Moving On From The Grid Office Project In Vancouver

​Local developer Rize Alliance acquired the Tim Hortons at 306 Terminal Avenue in Vancouver in 2007 and was planning a 10-storey office building.

Taxes

Is The Capital Gains Tax Hike Officially “Dead In The Water”?

“I think this trade war probably was the last nail in the coffin to say we cannot push this capital gains inclusion rate forward.”

Renting

Average Canadian Rent Reaches Lowest Point In Over 18 Months

“Apartment completions are currently running at record highs, while at the same time, population growth has slowed and the economy faces heightened risks due to a potential trade war with the US.”

Taxes

US To Double Tariffs On Canadian Steel, Aluminum Imports Effective Wednesday

The US is already imposing a 25% tariff on steel and aluminum, set to go into effect tomorrow, and that could be increased to 50% for Canadian imports.

Burnaby

Bosa Properties Buys 2.7-Acre Best Western, Continuing Investment In Burnaby

​Bosa Properties recently acquired the Best Western Plus at 5411 Kingsway in Burnaby, as well as the adjacent parcel at 5367 Kingsway.

Economy

Where Every Big Bank Stands On Wednesday's Interest Rate Announcement

As was the case in January, tariffs and trade dynamics are front and centre in the interest rate conversation.