British Columbia / Alberta

View of Burnaby from above Grange Street.

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.

The intersection of Gilmore Avenue and 1st Avenue in the Brentwood area of Burnaby.

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%.

Renderings of the Willingdon Rose planned for 6622-6688 Willingdon Avenue.

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.

Co-Founders Blair Welch speaking while sitting next to Brady Welch.

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.

The Element by Westin at Bosa Properties' Sovereign tower in Burnaby.

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.

Clockwise from top middle: Dan Scarrow, Kyle Wilson, Louise Tagulao, Michael Ward, Christina Hall, and Jonathan Cooper.

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.

BC Conservatives Leader John Rustad at a 2024 election event.

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.

The Zephyr at 1661 Davie Street in Vancouver.

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.

An aerial view of Penticton, British Columbia.

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.

Wesgroup Properties Senior Vice President of Development Brad Jones.

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.

A sketch of the 3200 East Broadway project.

Development Projects

British Columbia / Alberta

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.

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.

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%.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

2024 © STOREYS Publishing Inc. | All Rights Reserved

British Columbia / Alberta

​Potential changes include applying inclusionary rental requirements only to strata projects and reducing the requirement from 20% to 10%, among others.

The proposed changes would use height instead of FAR as a development control mechanism, which could potentially speed up approvals.

​According to modeling by the CMHC, interest rates decreased housing starts by about 30,000 units, a decline of 10 to 15%.

​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.

Hugged by the Summerhill, Casa Loma, and Deer Park neighbourhoods, 75 Foxbar Road beautifully blends luxury with easy, laid-back living.

​Both Blair and Brady Welch are resigning from Slate Office REIT's Board effective immediately, while the management agreement will end in 180 days.

There continues to be uncertainty around the office market, while the region pushes for more hotel development ahead of FIFA 2026.

​Inventory continues to grow while sales remain sluggish in both Greater Vancouver and the Fraser Valley as we head into the full fall season.

​Notables appointments include multiple changes at the top of Macdonald Realty, and hires at Anthem Properties, Grosvenor, and Colliers.

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.

​Crombie REIT has reached an agreement with Westbank to acquire the remaining 50% interest in The Zephyr at 1661 Davie Street for $133M.

​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.

​A group of developers, led by Wesgroup, recently launched a campaign against the upcoming increases to Metro Vancouver's DCCs.

​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.

2024 © STOREYS Publishing Inc. | All Rights Reserved

Potential changes include applying inclusionary rental requirements only to strata projects and reducing the requirement from 20% to 10%, among others.

According to modeling by the CMHC, interest rates decreased housing starts by about 30,000 units, a decline of 10 to 15%.

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.

Both Blair and Brady Welch are resigning from Slate Office REIT's Board effective immediately, while the management agreement will end in 180 days.

Inventory continues to grow while sales remain sluggish in both Greater Vancouver and the Fraser Valley as we head into the full fall season.

Notables appointments include multiple changes at the top of Macdonald Realty, and hires at Anthem Properties, Grosvenor, and Colliers.

Crombie REIT has reached an agreement with Westbank to acquire the remaining 50% interest in The Zephyr at 1661 Davie Street for $133M.

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.

A group of developers, led by Wesgroup, recently launched a campaign against the upcoming increases to Metro Vancouver's DCCs.

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.