British Columbia / Alberta

A rendering of the District Northwest project planned for 13438 105A Avenue in Surrey.
Development Projects

Bid To Take Over Thind's District Northwest Collapses As Presale Buyers Back Out

​BM Group had submitted a stalking horse bid to buy Thind's District Northwest project in Surrey under receivership, but the deal hinged on presales.

Multifamily

"The Entire Country Is Looking At Us": Inside Alberta's Hot Multi-Family Market

​All kinds of records were set in Calgary and Edmonton last year, as multi-family assets become a "safe haven" asset class.

Development Projects

How PBA Group Converted A Calgary Office Tower Into The Element Hotel

​The project is the first office-to-hotel conversion project to proceed under the City of Calgary's incentive program and the Element Hotel is now open.

Renting

One-Third Of Canadian Renters Say They Don't Have Plans To Buy A Home

Despite improving affordability, it's still a mixed bag when it comes to renters' sentiments regarding homeownership.

Retail

Ruby Liu To Buy 3 Hudson's Bay Leases At Central Walk's Malls In BC For $6M

​The leases pertain to the stores at the Mayfair Shopping Centre, Woodgrove Centre, and Tsawwassen Mills in British Columbia.

Policy

"Room To Be More Bold": Why We Need To Expand The FTHB GST Rebate

Because the current rebate is proposed to apply exclusively to first-time home buyers, some point out that its impacts would be muted.

Urbanity Fair

What Would A G7 Of Housing Look Like?

​We treat housing as a local issue, managed by cities and provinces — but what if we approached it with the same level of international urgency, cooperation, and learning as we do other G7 priorities?

Policy

Burnaby Mayor Pushing Province To Repeal Single Egress Stairway Change

​Mayor of Burnaby Mike Hurley, formerly a fireman, is now one of the larger voices pushing back against the single egress stairways change to the BC Building Code.

Construction

Canadian Housing Starts Flat In May, At Lowest Level Since '09 In Ontario

After surging 30% month over month in April, the seasonally adjusted annual rate of housing starts remained more or less flat in May, as markets in Ontario and BC continued to weaken.

Real Estate News

A ‘Delayed Turnaround’? Canadian Home Sales See First Gain Since November

​The monthly increase in national home sales was led by activity in the Toronto Area, Calgary, and Ottawa.

Burnaby

Burnaby's Central Park District Taking Shape With Wave Of High-Rise Completions

Bosa Properties recently completed two towers near Central Park and Anthem is set to complete two this year, while Polygon, Concord, and Wesgroup all also have projects in the area.