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Secured and unsecured creditors owed a total of $38.9 million
Despite the much-publicized "Condo Day" flash sale held earlier this year, the Belvedere project in Surrey by Square Nine Developments Inc. is now under creditor protection, according to B.C. Supreme Court filings obtained by Western Investor. Located at 9675 …
The developer of a lakefront condo project in Kelowna is offering 20 per cent discounts on all remaining homes during a one-day-only sale later this month
just one of numerous examples of incentives being offered in a soft market to reel in prospective buyers. "One Day. One Chance. One Address," reads a banner in the Mission Group's online marketing materials for Alma on Abbott, a six-storey, 80-unit building ov…
With 86 lawyers involved, you know that the monumental August decision on the 11-year-old case is not the end of the matter.
There are 86 lawyers listed on the first page of the reasons for judgment in the B.C. Supreme Court decision on the Cowichan Tribes' Aboriginal title case. So right off the bat, you know that the monumental decision on the 11-year-old case is not the end of th…
Businesses along East Broadway near Main Street are staring down another 10 months of disruption from SkyTrain construction
Some local businesses operating near the busy intersection of East Broadway and Main Street in Vancouver say they might not last long enough to benefit from the eventual completion of the Mount Pleasant SkyTrain Station. The station is one stop along the 5.7-k…
Several landowners with properties in the area impacted by the case asked about the potential for compensation and highlighted insurance and bank financing issues if property values dropped
Tensions were high Tuesday night inside a Richmond hotel ballroom packed with hundreds of citizens concerned about the potential impact of a recent court ruling granting Aboriginal title to the Cowichan Tribes over a portion of land along the Fraser River. Sev…
Vaughn Palmer: As far back as eight years ago, the court had wrestled with whether to notify private landowners about the implications of a declaration of Aboriginal title
VICTORIA - The question that dominated a Richmond public meeting this week on the impact of a recent court decision on Aboriginal title was a simple one: "Why weren't we told sooner?" Residents had learned just this month, courtesy of a letter from Mayor Malco…
Stanley Kwok was a force in developments from Hong Kong to Vancouver
Stanley Kwok didn't move to Vancouver until he was 41. But he made up for lost time, becoming one of the key players in the redevelopment of the city. He was president of B.C. Place in the mid-1980s, served on the board of Expo 86, then was part of Concord Pac…
New plan from MST Nations and Aquilini Development would see tallest tower heights rise from 28 storeys to 46 storeys
Three years after Vancouver city council approved a new 16-building, 2,600-home neighbourhood on the 8.5-hectare Heather Lands property, the Indigenous-led development consortium behind the project is aiming to significantly scale up the size and density. The …
City of Richmond is holding an information session on Oct. 28 where residents will be able to ask questions
Along a rural stretch of No. 6 Road in south Richmond, residents have a lot of questions — not to mention fear — after a B.C. Supreme Court ruling granted the Cowichan Tribes on Vancouver Island land title rights that encompass their properties. Ju…
here are signs that the trend could start to taper off as developers pull more projects off the market or convert them into rentals
The number of completed, empty and unsold condos and townhomes in Metro Vancouver continued to climb in the third quarter of 2025, according to new data. But there are signs that this trend could start to taper off as developers pull more projects off the mark…
Owner also seeks to sell New Westminster property as financial pressures mount
Just a few years after being restored and transformed, the iconic Victoria Press Building has been placed under receivership, according to B.C. Supreme Court filings obtained by Western Investor. Originally constructed in the early 1970s, the Victoria Press Bu…
Questions remain unanswered about whether surrounding community areas will be impacted by new Surrey development
The City of Surrey is pushing ahead with a vision to create a new "downtown" hub that would include an entertainment district featuring a 10,000-seat arena for sporting events and concerts, as well as an interactive art museum, hotels and other businesses. The…
Offering follows the receivership of Keltic's Nexus project on the False Creek Flats
In 2021, B.C.'s largest land transaction was Keltic Canada Development Co. Ltd.'s purchase of the Brighouse West Business Park in Richmond for $300 million. Less than four years later, Keltic has put the property back on the market, Western Investor has learne…
City staff recommends Beedie be given approval to proceed with redesigned project
More than 200 people participated in a rally outside city hall Monday to push back against a developer's plan to build a nine-storey 133-unit market condo building in the heart of Vancouver's Chinatown. Beedie (Keefer Street) Holdings was given approval in pri…
Real estate consulting firm Urbanation says fewer buyers, rising costs are contributing
While it still counts as an ultra-luxury home sale, a West Vancouver mansion sold for way less than the initial asking price. Located in the British Properties neighbourhood of West Vancouver, 925 Fairmile Rd. was first listed in May 2021 for $19,880,000 when …
CMHC economist says the Alberta capital may need to build even more to account for people moving
Canada's two most expensive cities for housing are not building enough new homes , and that is driving people to Edmonton , according to the deputy chief economist of Canada Mortgage and Housing Corp . Aled ab Iorwerth said data already shows an influx of peop…
A new report going before Metro Vancouver's mayors committee Friday offers a very mixed outlook on how the region is faring in terms of meeting its housing objectives
A new Metro Vancouver report offers a mixed outlook — from hopeful to bleak — on how the region is faring in its housing objectives. While construction of purpose-built rentals is at an "historic high," most units are being rented out at market or …
CREA said the monthly decline was the result of lower sales activity in Greater Vancouver, Calgary, Edmonton, Ottawa and Montreal
The number of homes sold nationally dropped by 1.7 per cent in September compared to August, the first month-over-month decline since March, according to the Canadian Real Estate Association (CREA)'s monthly data released on Oct. 16. CREA said the monthly decl…
The money comes under a low-interest loan program the federal government set up to get apartments built
A $763 million low-interest loan from the federal government will finance construction of two large rental towers and make the development of three city blocks in Burnaby more viable, the developer says. Construction on the first phase of Grosvenor's Brentwood…
No amount of incentives seems to be able to reverse the glut. How did we get here? And how bad could it get?
Investors have fled the Metro Vancouver new condo market, leaving piles of empty and unsold units. And those looking to buy a home to live in aren't interested in these newer condos, either because they're too pricey (estimates suggest the bulk of the empty in…
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Vancouver's sweeping rezoning of more than 4,200 properties aims to shorten the development process by a year or more. 'Less site-by-site, customized rezoning. And more standardization and predictability,' said the city's chief planner, Josh White
Vancouver city council approved sweeping zoning changes Tuesday aimed at speeding up the development of thousands of parcels of land in the Broadway and Cambie corridors. The decision will not increase the size or number of buildings allowed in these neighbour…
Lawsuits over stalled Atmosphere condo development to continue in court
The fate of a stalled development on No. 3 Road in Richmond's city centre continues to wind its way through the courts with more than 800 residential units on hold. Just last week, a three-judge panel at the B.C. Court of Appeal largely overturned a previous S…
Province has amended rules around annual contributions and depreciation reports.
Condo owners in B.C. face the prospect of significant special levies because of the way strata corporations are funded in the province, says a Vancouver software firm. B.C. has lower average monthly strata fees ($470) than Ontario ($650), but B.C. condo owners…
The property sold in just 15 days.
A stunning lakefront estate in Lake Country has sold for $17.5 million, setting a new MLS record for the highest residential sale ever recorded in the Interior of British Columbia The 20-acre property at 16080 Carrs Landing Rd. was listed by TJ & Steph Real Es…
Region could see short-term pain before long-term gain, says Zonda economist.
The Vancouver housing market is being pulled in different directions, with structural and cyclical dynamics diverging in a "tricky" market, says one economist. The local market is structurally undersupplied, although the current cycle is seeing a pullback in d…
Housing affordability challenges remain, particularly for low to moderate income households who remain underserved by the private market
There has been a significant increase in support for affordable housing in recent years, however, the scale of the current and projected need for non-market housing in the region far exceeds those efforts. That's according to a report to Metro Vancouver's Regi…
Kitsilano, Mount Pleasant proposals total 305 rental units in towers reaching 20, 17 storeys
Two more proposals for rental towers that fall within the boundaries of the Broadway plan go before Vancouver city council Thursday for decision at a public hearing. The properties are located at 45 East 16th Ave. in Mount Pleasant and at 2110 West 5th Ave., w…
Panel discussion in Vancouver questions federal government's approach and ambitions.
A panel of B.C. developers today expressed concerns about the Liberal government's new Build Canada Homes program, suggesting it could potentially overlap with another federal agency, benefit well-connected builders and encounter challenges in urban settings. …
CBRE report points to strong outlook for 2026
Despite a weak Canadian dollar, rising unemployment and a shrinking national GDP, B.C.'s hotel industry appears to be showing a level of collective resilience not seen this decade. CBRE Ltd. senior vice-president Nicole Nguyen with the brokerage's valuation an…
Building List Count by City
- Abbotsford - 447
- Agassiz - 28
- Burnaby - 55
- Burnaby East - 77
- Burnaby North - 365
- Burnaby South - 343
- Campbell River - 1
- Chilliwack - 221
- Cloverdale - 193
- Comox Valley - 10
- Coquitlam - 563
- Delta - 10
- Duncan - 41
- Esquimalt - 59
- Gulf Islands - 6
- Harrison Hot Springs - 13
- Harrison Mills - 1
- Hope - 22
- Ladner - 109
- Langford - 156
- Langley - 529
- Maple Ridge - 312
- Mill Bay - 2
- Mission - 65
- New Westminster - 444
- North Delta - 28
- North Island - 2
- North Saanich - 8
- North Surrey - 409
- North Vancouver - 747
- Oak Bay - 44
- Osoyoos - 1
- Parksville / Qualicum - 7
- Penticton - 8
- Pitt Meadows - 75
- Port Alberni - 2
- Port Coquitlam - 266
- Port Moody - 267
- Richmond - 1162
- Saanich East - 232
- Saanich West - 92
- Sardis - 153
- Sidney - 152
- Sooke - 39
- South Surrey White Rock - 713
- Surrey - 662
- Tsawwassen - 97
- Vancouver East - 998
- Vancouver West - 2482
- Victoria - 665
- View Royal - 46
- West Vancouver - 230
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