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Latest Stories

  • Properties

2-Tower Surrey Site Listed For Sale

Northwest Development has chosen Colliers to sell its two-tower, 1,019-unit project in Surrey Central, despite conditional city approval.
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  • Properties

Landmark Sale of Robson Street Building

Hartleywood Holdings has sold Robson Centreplace, a major retail building on Vancouver's Robson Street housing top global brands.
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  • Policy

Changes Are Coming to BC’s Building Code

BC plans to allow single-stair apartment buildings to enhance layouts and viability, despite safety concerns from firefighter and disability groups.
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  • Infrastructure

BC Acquires Surrey Site for SkyTrain OMC

The BC government has acquired a 37-acre Surrey site to build a $1B SkyTrain operations and maintenance centre to support the Surrey-Langley extension.
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  • Infrastructure

Kamloops Plans Major Community Projects

Kamloops plans to build a performing arts centre and an arena multiplex by 2029, pending voter approval for a $275 million borrowing proposal.
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  • Policy

Vernon Updates Zoning Bylaws

The City of Vernon updated its zoning bylaw to meet provincial deadlines, allowing high-density buildings in key transit areas to address housing shortages.
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  • Policy

BC Announces New Solar Panel Rebate

The BC government will launch new solar panel and battery storage rebates in July, offering up to $5,000 for installations meeting eligibility criteria.
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  • Development

2 Towers Proposed Near Surrey City Hall

West Fraser Developments proposes two high-rise towers at 13265 104 Street, replacing the Elizabeth Manor building with 561 units.
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  • Development

20-Storey Tower Proposed in East Van

A proposed 20-storey residential tower at 310 E 14th Ave. in East Vancouver will offer 138 rental units including 20% below-market units.
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  • Policy

Vancouver Removes Parking Requirements

Vancouver eliminates minimum parking requirements city-wide to reduce housing costs, speed up development, and support transportation and climate goals.
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  • Development

BC Helps Kamloops Add 500 New Homes

Kamloops will see its largest housing investment with over 500 new homes and shelters for various income levels and vulnerable populations.
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  • Development

Rental Development Proposal in Glenmore

Greenstone Developments proposes a 66-unit rental building, Glenmore Ridge, at 305 Drysdale Blvd. in Kelowna's Glenmore neighbourhood.
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  • Development

Kelowna Launches Infill ASAP Program

Kelowna's new Infill ASAP program expedites approvals for multi-family lots, aiming to deliver up to 7,000 new homes and enhance affordable housing options.
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  • Development

Kelowna Council Approves 6 New Projects

Kelowna approved rezoning for five projects and a permit for a sixth, adding 367 new units, including 281 rentals, to address housing challenges.
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  • Development

Kelowna Seeks Partner to Build Housing

Kelowna is giving builders and non-profits until July 23 to express interest in a partnership to fund, design, build, and manage middle-income housing.
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  • Development

6-Month Housing Target Progress Report

A six-month progress report shows how the BC government's first 10 priority communities are doing relative to their housing targets.
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  • Policy

Saanich Permits Suites in Rural Areas

Saanich council reversed its stance and voted to allow secondary suites in rural areas after a request for exemption was rejected by the province.
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  • Policy

Surrey Must Build 27,256 Homes by 2029

The BC government mandates Surrey to build 27,256 homes by 2029, part of a plan targeting 10 cities with a total of 55,478 homes over five years.
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  • Stats

27% of Canadian Renters Want to Buy

A new report shows 27% of Canadian renters plan to buy a home within two years, rising to 40% among those aged 18-34, but high prices are still a major hurdle.
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  • Stats

31% of First-Time Buyers Use Gifted Funds

Despite a cooler market, reliance on family gifts for down payments in Canada continues to increase, exacerbating the wealth gap while aiding home purchases.
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  • Policy

BC Reveals Targets for 10 Municipalities

BC announced housing targets for 10 more municipalities, aiming to build 55,478 homes by 2029, part of a plan to boost housing supply across 20 municipalities.
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  • Development

21-Storey Project Proposed in Coquitlam

Coquitlam City Council unanimously passed the third reading for a 21-storey senior-focused tower at 1015 Austin Avenue featuring 170 units.
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  • Properties

Wall Financial Is Selling 32-Storey Site

Wall Financial is selling its high-rise rental project site at 1065 Pacific Street in Vancouver despite recent rezoning approval.
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  • Policy

Vancouver May Scrap Parking Requirements

Vancouver plans to eliminate minimum parking requirements for new buildings to simplify development applications and promote alternative transportation.
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  • Policy

Vancouver Updates TOA Rezoning Policy

Vancouver will increase housing around SkyTrain stations, with higher building heights and densities, new commercial spaces, and stronger tenant protection.
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  • Development

Vancouver Raises 10-Year Housing Target

Vancouver aims to approve 83,000 new homes by 2033, focusing on approvals over completions for tracking progress while complying with provincial targets.
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  • Properties

First Nations Aim to Reclaim Surrey Land

Three First Nations have come together to urge the Canadian government to transfer a 300-acre property in Surrey to their control.
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  • Development

3 Towers Proposed Next To Emily Carr

Three towers with 548 rentals, office space, and retail are planned near Emily Carr University, creating a new Creative District hub.
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  • Development

ICBC HQ Set For Redevelopment

BC plans to redevelop ICBC's Lonsdale Quay HQ into affordable housing and mixed-use space, enhancing transit connectivity and North Vancouver's waterfront.
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  • Development

Vancouver Seeks Input For Civic District

The City of Vancouver seeks public feedback by July 14, on transforming an 8.65-acre area around City Hall into a mixed-use development called Civic District.
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  • Development

Penticton Approves Social Housing Sites

Penticton council approved three city-owned sites for social housing development, focusing on affordable options for youth, seniors, and families.
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  • Development

17-Storey Tower Proposed in Fairview

A new proposal located 1171 West 12th Ave will feature a 17-storey tower with 111 rental homes, including 22 below-market units, near future SkyTrain stations.
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  • Policy

Mass-Timber Building Height Increased

Vancouver greenlights 18-storey mass-timber buildings, boosting eco-friendly construction, job creation, and community vibrancy.
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  • Development

Rental Tower Proposed In Mount Pleasant

A proposed 17-storey tower at 45 East 16th Avenue in Vancouver will offer 145 rental homes, rooftop amenities, and 4,400 sq. ft. of commercial space.
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  • Properties

104 Avenue Centre Listed For $63M

Colliers lists Surrey's 104 Avenue Centre as a court-ordered sale, as the 26-year vacant building remains a prime yet underutilized commercial opportunity.
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  • Properties

$145M Purchase In North Van Sets Record

HTEC purchases a 21-acre North Vancouver property for $145M to build a clean hydrogen plant, marking the area's largest industrial land transaction.
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  • Development

Broadway Plan Amendment Boosts Density

Major changes are proposed for the Broadway Plan to comply with new provincial transit-oriented development laws, increasing tower limits and building heights.
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  • Policy

Victoria Council Pushes for Larger Units

Victoria's new policy mandates more two- and three-bedroom units in new developments, with incentives to encourage family-friendly housing.
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  • Development

36-Storey Tower Proposed Near Gateway

Genaris Properties proposes a 36-storey tower and a six-storey building near Gateway Station in Surrey, aiming to create 481 strata units.
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  • Development

137 Units Proposed at Broadway & Fraser

Wall Financial plans an 17-storey mixed-use condo and social housing tower at East Broadway and Fraser Street, replacing Catoro Cafe and existing rental homes.
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  • Development

Tallest Tower in Saanich Approved

Saanich council approved the district's tallest project, a 24-storey mixed-use building in the Uptown area featuring 318 rental units and six commercial spaces.
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  • Development

West Kelowna’s Tallest Project Approved

West Kelowna approves a development permit for the city's tallest residential structure, a seven-storey mixed-use building featuring 65 rental units.
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  • Development

ML Emporio Plans Another Tower In Surrey

ML Emporio continues its focus on Surrey with a proposed 44-storey tower near SFU Surrey, featuring 424 units, office/retail space, and extensive amenities.
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  • Development

Nicola Wealth Proposes 2 Rental Towers

Nicola Wealth proposes twin rental towers with 446 units at 2111 Main Street, featuring below-market rentals, retail, and arts space.
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  • Policy

BC’s Energy Rebate Launches On June 18

The CleanBC Better Homes Energy Savings Program, launching June 18, 2024, offers up to $24,000 in rebates for low- and middle-income households.
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  • Stats

Vancouver’s Office Market Stands Strong

Metro Vancouver's office market thrives with low vacancy rates and high rents compared to the rest of Canada and major North American markets.
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  • Development

80 Affordable Homes Coming to Kamloops

Kamloops will get 80 affordable rental homes for seniors and families by 2026, thanks to a $9M investment from BC Housing and partnerships with local groups.
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  • Development

West Kelowna Reviews 65-Unit Project

A development permit application has been submitted for West Kelowna's largest apartment project, featuring 65 rentals, commercial spaces, and a rooftop patio.
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  • Policy

Vancouver Is Creating Its First ODP

Vancouver plans its first city-wide Official Development Plan by 2026, shaping long-term urban development based on the existing Vancouver Plan.
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  • Properties

4th Foreclosure for Vancouver Developer

Align Properties' continues on a troubling trend as their fourth Vancouver project faces foreclosure and gets listed for $22M due to unpaid debts of $6M.
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  • Development

Troika Proposes 160-Unit Project

Troika plans a six-storey rental building in Kelowna featuring 160 units, prioritizing transit oriented development near Orchard Park Transit Exchange.
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  • Development

DP Filed for Sutton Place Hotel at YLW

Northland Properties has submitted a development permit application for the new 245-room Sutton Place Hotel at Kelowna's YLW airport.
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  • Policy

Delta Updates Zoning Bylaws

Delta's new zoning bylaws pass third reading to allow small-scale multi-unit housing on single-detached and duplex properties.
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  • Infrastructure

Feedback Wanted for Surrey-Langley Skytrain

Public engagement is underway for the Surrey Langley SkyTrain project, inviting feedback on station designs for the transit extension.
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  • Development

UBC Expands Surrey Campus Site

In addition to a three-acre property acquired for $70 million in 2021, UBC Properties Trust purchased an adjacent 2.1-acre property in 2022 for $40.5 million.
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  • Stats

Greater Vancouver Sales Drop 20%

Greater Vancouver's may stats show a 19.6% decline in home sales from the previous year while new listings continue to trend upward.
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  • Stats

Fraser Valley Inventory Spikes in May

Active listings surged in the Fraser Valley real estate market, while sales remained below May 2023 and the 10-year average levels.
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  • Stats

Canada’s Housing Supply Challenge

CMHC's report highlights a record high of construction workers in 2023, but a shortfall in housing starts, due to decreased productivity and municipal regulations.
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  • Development

Vancouver’s Behind on Housing Targets

Vancouver struggles to meet housing targets due to delays, but anticipates improvement with policy changes and a robust application pipeline.
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  • Policy

Kamloops Zoning Changes Advanced

Kamloops council votes to advance housing density-related zoning changes to a public hearing on June 11 despite resistance from some councilors.
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  • Infrastructure

New Kamloops School Breaks Ground

Kamloops-Thompson School District breaks ground on Sníne Elementary to address severe overcapacity issues.
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  • Development

Feedback Wanted for El Rancho Site

Penticton residents can now provide feedback until June 23 on the revised mixed-use development plans for the El Rancho motel site.
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  • Development

Iron Mask Site Breaks Ground

Kamloops' Iron Mask industrial park project begins, aiming to address the city's need for light industrial commercial space.
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  • Stats

Land Sales in Canada Cool Down

In 2023, the real estate market saw decreased sales volumes across residential, commercial, and industrial sectors due to economic uncertainties.
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  • Development

Luxury Dealerships Proposed in Kitsilano

New Rolls Royce and BMW dealership with office and industrial space proposed in Kitsilano, joining other luxury automotive dealers in the area.
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  • Policy

West Vancouver Rejects Rezoning Plan

West Vancouver council rejects provincial housing regulations for increased housing density, citing concerns over local autonomy and community character.
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  • Development

CapU Squamish Offers On-Campus Housing

Capilano University's new Squamish campus will offer guaranteed on-campus housing for all students starting September 2024.
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  • Properties

Modus Living Project Enters Receivership

The Modus project in Vancouver entered receivership at 43% completion due to financial issues, awaiting a court-appointed receiver's decision on next steps.
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  • Policy

Steveston Rezoning Needs More Time

Richmond seeks delay for Steveston rezoning due to infrastructure concerns and community consultation needs.
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  • Development

Kelowna Rejects Rental Proposal

Kelowna council surprisingly rejects 67-unit rental apartment proposal due to site constraints and safety concerns for pedestrians.
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  • Development

514 Rentals Proposed on Broadway

Former MEC site in Vancouver to become two towers with 514 rental apartments pending city council decision.
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  • Development

BC Launches New Building Permit Hub

British Columbia introduces a digital Building Permit Hub to streamline local permitting processes.
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  • Policy

Vancouver Buildings Must Report Emissions as of June 1

Vancouver mandates emissions reporting for large buildings, aiming for zero emissions by 2040, but it presents financial challenges for owners.
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  • Development

Onni Proposes 7-Tower Master-Plan in Coquitlam

Onni Group proposes a redevelopment plan for Coquitlam College campus, featuring 2,500 high-rise and townhouse units.
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  • Infrastructure

SixFive Submits Proposal for Stadium in Surrey

A proposed 12,000-seat stadium in Surrey could serve as a training ground for the 2026 FIFA World Cup.
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  • Infrastructure

HWY 1 Widening Project Begins This Summer

Fraser Valley's Highway 1 widening project starts this summer in Langley between 216 and 264 Streets.
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  • Properties

BC Fund Pays $11.8M to Preserve Burnaby Apartments

BC’s Rental Protection Fund secures 56 affordable units in Burnaby's Casa Mia Apartments for $11.8M.
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  • Development

Zoning Approved for Over 100 Homes in West Kelowna

West Kelowna approves rezoning for 118 new homes in upper Glenrosa after years of delays.
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  • Development

52 Winners Crowned at 2024 Georgie Awards Gala

The 2024 Georgie Awards celebrated BC's top real estate projects, honoring 52 winners at a gala in Vancouver.
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  • Development

Penticton Council Approves 5-Storey Residential Building

Penticton council gives the green light to a five-story residential complex featuring 48 units on Front Street.
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  • Development

Kamloops Council Approves Tournament Inn Rezoning

Kamloops council approved rezoning for Tournament Inn, allowing a mixed-use development featuring hotel rooms and residential units.
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  • Policy

Lake Country Explores Purpose-Built Rental Incentives

Lake Country considers tax breaks to boost purpose-built rentals amid rising housing costs.
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  • Properties

Vancity CU is Selling 3 Prime Properties

Vancity lists properties for sale in Vancouver and Victoria, hoping to maintain branch presence via sale-leaseback model.
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  • Properties

German Firm Acquires Vancouver Office Towers for $300M

Deka Immobilien's $300M purchase of Vancouver offices signals renewed international investment in Canadian real estate.
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  • Development

Metro Vancouver to Add 670 Below-Market Rental Units

Metro Vancouver and the Province partner to deliver 670 affordable homes as part of the Homes for People action plan.
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  • Development

Brentwood Block Master-Plan Receives Final Approval

Burnaby's Brentwood Block gets final approval, adding nearly 3,500 units, including Western Canada's tallest rental tower.
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  • Development

Tower Proposed for Broadway Parking Lot

Reliance Properties proposes a 21-storey rental tower on a parking lot in Vancouver.
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  • Infrastructure

Douglas Street Corridor Is Getting a 24/7 Bus Lane

Douglas Street in Victoria gets 24/7 bus lanes to improve transit service quality and support urban densification goals.
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  • Properties

26 Affordable Rental Homes Preserved in Vernon

The Rental Protection Fund secured 26 affordable homes in Vernon for $3.1 million, preventing potential displacement.
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  • Properties

35 New Affordable Homes Open in Vernon

Vernon's Thunderbird Manor Phase 2 offers 35 affordable homes for Indigenous families and individuals.
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  • Infrastructure

New Secondary School Planned for Langford

Investment in Langford's new secondary school reflects a commitment to accommodate population growth.
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  • Development

328 New Below-Market Homes Underway in Port Moody

Construction is underway for 328 rental homes in Port Moody to address housing shortages for families, seniors and Indigenous people.
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  • Policy

Saanich Council Wants to Restrict Rural Area Secondary Suites

Saanich council aims to restrict rural growth while increasing urban density in compliance with new legislation.
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  • Development

Kelowna Council Approves 60-Lot Industrial Subdivision

Kelowna plans a new industrial park at 380 Bubna Road, anticipating economic growth and job creation.
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  • Infrastructure

Child Care Spaces Coming to BC School Grounds

Three school districts have been selected in BC to offer child care spaces on existing school grounds.
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  • Development

Denna Homes Proposes 2 Towers in North Vancouver

Denna Homes proposes 31 and 29-storey towers in North Vancouver's Lynn Creek Town Centre.
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  • Stats

Value of Building Permits in Canada Drops in March

The total value of building permits in Canada dropped 11.7% to $10.5B in March, but increased 3.7% quarter-over-quarter.
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  • Development

Developer Sues Kelowna Over Land-Use Restrictions

Watermark Developments sues Kelowna to lift "no-build" covenants on Academy Way properties to make way for development on 13 acres.
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  • Development

Over 150 New Rental Homes Planned for Burnaby

Burnaby is adding over 150 affordable rental homes and upgrading existing housing complexes.
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  • Policy

Victoria Amends Land Use Procedure Bylaw

Victoria aligns land-use regulations with provincial laws to streamline residential development approval processes.
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Latest Stories

Properties

3rd Jul 2024

2-Tower Surrey Site Listed For Sale

Northwest Development has chosen Colliers to sell its two-tower, 1,019-unit...
Read More

Properties

3rd Jul 2024

Landmark Sale of Robson Street Building

Hartleywood Holdings has sold Robson Centreplace, a major retail building...
Read More

Policy

3rd Jul 2024

Changes Are Coming to BC’s Building Code

BC plans to allow single-stair apartment buildings to enhance layouts...
Read More

Infrastructure

3rd Jul 2024

BC Acquires Surrey Site for SkyTrain OMC

The BC government has acquired a 37-acre Surrey site to...
Read More

Infrastructure

3rd Jul 2024

Kamloops Plans Major Community Projects

Kamloops plans to build a performing arts centre and an...
Read More

Policy

3rd Jul 2024

Vernon Updates Zoning Bylaws

The City of Vernon updated its zoning bylaw to meet...
Read More

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