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Latest Stories

10th Apr 2025

Port Moody Council Approves 39-Storey Towers

Port Moody City Council approved the redevelopment of a 23-acre area near Moody Centre Station. Key features include two 39-storey rental towers with 865 homes, a 41,400 sq. ft. grocery store, and a $14.4 million pedestrian bridge. The site is currently occupied by parking and low-rise commercial and industrial buildings.

Read the full story by Daily Hive.

15th Jan 2025

Bayrock Terrace Project in Port Moody Finds New Developer

The Bayrock Terrace project in Port Moody has sold to a new developer following its receivership in July. Initially planned for 3000 Henry Street by Aultrust Financial, the project defaulted on a $12.35 million mortgage. After an accepted stalking horse bid, the Supreme Court approved the sale to Enrich Developments on December 17.

Read the full story by Storeys.

6th Nov 2024

12-Storey Rental Tower Approved in Port Moody

Port Moody council approved a 12-storey rental tower with 128 units, including 13 below-market rentals, atop a six-storey parkade. Despite concerns about views and unit sizes, council emphasized housing needs. The project features an Ismaili cultural center and intricate design elements, aiming to balance density with architectural standards.

Read the full story by TriCity News.

24th Oct 2024

Twin Towers Proposed Near Moody Centre Station

PCI Developments is proposing twin 39-storey residential towers in Port Moody's Spring Street area, near Moody Centre Station. The project will feature 865 rental units, including below-market homes, and a two-level commercial podium. Notable amenities include a public transit plaza, retail spaces, and a pedestrian overpass.

Read the full story by Storeys.

20th Oct 2024

Port Moody Draft Budget Proposes Nearly 11% Tax Hike

Port Moody’s draft 2024 budget proposes a 10.85% property tax hike, adding $339 for each single-family home. This includes a $72 levy for a Metro Vancouver waste treatment plant. The budget funds $26M in capital projects like park upgrades and playground restorations. Final approval is expected in December.

Read the full story by TriCity News.

23rd Sep 2024

Anthem Revises Plans for 12-Storey Port Moody Project

Anthem Properties has revised its Port Moody project proposal, reducing the number of below-market rentals from 64 to 13 out of 128. These 13 units will now be set at 20% below Tri-Cities median rates. The project will also include more two- and three-bedroom units than originally planned.

Read the full story by TriCity News.

RC
RCSubscriber since May 2024
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As a legal practitioner with a busy practice, Real Estate Recap provides me with an insightful and quick update on the current real estate happenings in Canada. Not only is the information helpful for my personal use, it goes a long way in dealing with relevant legal issues for clients.
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EMSubscriber since December 2024
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Real Estate Recap is a fantastic resource! It’s packed with useful information about market trends and provides educating insights that help readers understand the real estate market better. The practical tips and clear explanations make it a must-read for anyone looking to stay informed and learn more about the real esate market!
SD
SDSubscriber since June 2024
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Staying on top of real estate news can be hard, but thanks to RealEstateRecap, I don’t miss a beat. Their updates are informative, and make it easy to stay in the know. Great Newsletter, Thank you
SG
SGSubscriber since June 2024
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Very informative newsletter! It is now my go to source for all real estate news.
SB
SBSubscriber since December 2024
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Great newsletter! Very insightful and it provides all the key points without being a long, tedious read. Very well done!

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