British Columbia / Alberta

A "Regulations" tower looming over a sign that says "Flippers Not Welcome"
Opinion

Op-Ed: Development Flippers Aren't Breaking The Market — Policy Is

​If the goal is to get more home completions, getting a project approved and into the hands of a builder who can see it through construction should be seen as a positive, says Goodman Commercial.

Breaking Charts

CMHC Is Quietly Becoming A Rental Housing Powerhouse

​There’s no doubt we need more rental housing and that CMHC’s tools have become better at delivering it — but in solving one crisis, are we sleepwalking into another?

Industrial

TransLink Buys 5-Acre Industrial Site Near Vancouver Transit Centre For $63M

The TransLink recently acquired a portion of 9150 Bentley Street, directly adjacent to the Vancouver Transit Centre at 9149 Hudson Street.

Development Projects

Peterson Completes Buyout Of Create Properties From Burnaby Lake Village Project

​The 19-acre Burnaby Lake Village project was placed under creditor protection in November after conflicts arose between Peterson and Create Properties.

Renting

Low Immigration, High Supply Pull Rents Down For Ninth Straight Month

Driving the decline is a combination of low immigration and over supply leading to higher vacancy rates and longer vacancy terms, under which landlords are beginning to cave.

Construction

Northern BC Project Could Be Blueprint For Canada’s $25B Modular Push

With its 40-unit modular rental build in Prince Rupert, NorthStar Development is testing what it will take to deliver factory-built housing at scale in Canada.

REITs & Institutions

H&R REIT Considering Strategic Sale After Receiving Multiple Offers

​H&R REIT (TSX: HR.UN) said that it formed a special committee in February after receiving an unsolicited expression of interest from a potential buyer.

Hotel

Truman Announces 69-Storey W Hotel And 62-Storey JW Marriott In Calgary

Truman and Louson are now developing a total of three hotels — the W Calgary, JW Marriott Calgary, and Autograph Collection Hotel — in Calgary's Culture + Entertainment District.

Real Estate News

Greater Vancouver Real Estate Market Seeing "Emerging Signs Of A Recovery"

​Home sales in Greater Vancouver are still down, but started to regain footing in June, according to Greater Vancouver Realtors.

Policy

Vancouver Unveils New Rupert And Renfrew Plan, Unlocking Up To 10K New Homes

​The new Rupert and Renfrew Station Area Plan has been in the works since late-2021 and is set to be approved by Vancouver City Council on July 8.

Development Projects

Polygon Planning 31-Storey "Elysée" Condo Tower Near Oakridge Park

​Polygon acquired the 5655 Cambie Street site earlier this year and has submitted a rezoning application for a 31-storey tower named Elysée.

Hotel

Brookfield Buys Shangri-La Vancouver From Westbank & Peterson, Rebrands It As Hyatt

The Shangri-La Vancouver is located within a 62-storey tower developed by Westbank and Peterson and is set to be rebranded as a Park Hyatt in 2026.

People

BC Real Estate And Development Industry Hires And Promotions: June 2025

​Commercial real estate brokers, Marcus & Millichap, Colliers, and Avison Young all made notable hires or promotions, as did developers Concert Properties, Wesgroup, and Wesbild.