British Columbia / Alberta
Policy
Burnaby Considering Easing City-Wide Inclusionary Rental Requirements
Potential changes include applying inclusionary rental requirements only to strata projects and reducing the requirement from 20% to 10%, among others.
Oct 04, 2024
Policy
Burnaby Considering Development Framework Based On Height Instead Of Density
The proposed changes would use height instead of FAR as a development control mechanism, which could potentially speed up approvals.
Construction
High Interest Rates Resulted In 30,000 Fewer Housing Starts In 2023: CMHC
According to modeling by the CMHC, interest rates decreased housing starts by about 30,000 units, a decline of 10 to 15%.
Industry
Planned 34-Storey Willingdon Rose Project In Burnaby Subject Of Foreclosure
The Willingdon Rose project, set for 6622 and 6688 Willingdon Avenue in Burnaby, received third reading approval in December 2022, but is now under foreclosure.
Newly Listed Townhome In Midtown Serves Laid-Back Luxury
Hugged by the Summerhill, Casa Loma, and Deer Park neighbourhoods, 75 Foxbar Road beautifully blends luxury with easy, laid-back living.
Industry
Slate Ending Management Agreement With Slate Office REIT, Welchs Leave Board
Both Blair and Brady Welch are resigning from Slate Office REIT's Board effective immediately, while the management agreement will end in 180 days.
Commercial
As Vancouver Office Market Dips, Developers Turn Their Attention To Hotels
There continues to be uncertainty around the office market, while the region pushes for more hotel development ahead of FIFA 2026.
Real Estate News
Metro Van Real Estate Market Defined By "Persistent Weakness" Heading Into Fall
Inventory continues to grow while sales remain sluggish in both Greater Vancouver and the Fraser Valley as we head into the full fall season.
Appointment Notices
BC Real Estate And Development Industry Hires And Promotions: September 2024
Notables appointments include multiple changes at the top of Macdonald Realty, and hires at Anthem Properties, Grosvenor, and Colliers.
Policy
Conservatives Unveil "Get BC Building" Housing Plan, NDP Counters
John Rustad and the Conservatives say they want to speed up housing approvals, repeal hidden taxes, and establish a BC Development Tribunal, among other things.
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.
Real Estate News
Why Developers See Penticton As The Okanagan Valley's Next Hotspot
Penticton, located south of Kelowna in the Okanagan Valley, has seen more and more interest from both buyers and developers in the past few years.
Construction
Wesgroup SVP Of Development Brad Jones On The Challenges With DCCs, REDMA
A group of developers, led by Wesgroup, recently launched a campaign against the upcoming increases to Metro Vancouver's DCCs.
Development Projects
Concept Options Unveiled For 10-Acre Rupert Station Project By MST, Aquilini
The project is set for 3200 E Broadway, 3270 E Broadway, and 2625 Rupert Street, at the former BC Liquor Distribution Branch next to Rupert Station.
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