Many real estate companies in British Columbia have recently gone bankrupt – this article is about iFortune foreclosure. When one project faces bankruptcy, other projects by the same company are also likely facing similar problems. The latest example is iFortune Homes, based in Richmond. Like other companies such as Coromandel Properties, Align Properties, Quarry Rock … Read more
A Quick Look at the Proposed Trio of Towers An application to change the zoning has been filed for three buildings in Surrey, close to Gateway Station. The plan consists of 967 residential units spread out among three buildings, along with 984 parking spots for vehicles. The project is required to contribute to community amenities … Read more
A 55-storey Tower In Vancouver’s West End Has Been Placed Under Receivership At a Glance Developers of a high-profile high-rise project in Vancouver’s West End have been placed under receivership, as they owe $82.2 million to the Bank of Montreal. The project, called 1045 Haro Street, consists of a 55-storey condo tower and a 15-storey … Read more
Langley Townhouse Project in Receivership, Owes Nearly $40 Million at a Glance A townhouse project in Langley, British Columbia, known as The Willoughby, has been put into receivership after owing creditors more than CAD39.9m ($30.5m). The project was being built by Quarry Rock Developments and was partly built with a few townhouses finished and others … Read more
Next to Oakridge SkyTrain, 15-Storey hotel and 29-Storey Condo Development Is Proceeding At a Glance A new development permit application has been submitted by local developer Peterson Group to redevelop 488 West 43rd Avenue in Vancouver, which will include a 29-storey condominium tower and a 15-storey hotel tower connected by a six-storey base podium with … Read more
5 Presales – Metrotown In Burnaby Is The Focal Point Of The Presale Condo-World At a Glance Several high-profile pre-sale condo projects by big-name developers have recently launched or are set to launch shortly in Burnaby’s Metrotown neighbourhood in Metro Vancouver. The five projects, which include Citizen by Anthem Properties, Riviera by Ledingham McAllister, Reign … Read more
Beautiful Brentwood Tower 7 by Shape Properties Will Rise To a Height of 56 Storeys At a Glance Shape Properties’ The Amazing Brentwood development in Burnaby, Canada, is set to add a 56-storey rental tower with 641 units to its sprawling master plan. Tower Seven will be located on the northwest corner of the 28-acre … Read more
The 900+ Homes at a Glance Southgate City Homes has proposed a new neighbourhood in South Burnaby, which would include 934 homes, including 819 market strata condos and 115 non-market rentals. The Courtyard neighbourhood would feature two strata condo towers at 44 storeys and 36 storeys, along with two six-storey buildings, one for strata condos … Read more
The 5 New Metrotown Towers at a Glance The Burnaby city council has approved the second phase of the Concord Metrotown development, which includes five high-rise towers with over 2,000 homes. The development will consist of mixed-tenure buildings with strata condos, market rental and non-market rental homes, as well as an office/hospitality tower. The project … Read more
The Proposed: A 61-storey Tower, Restaurant, and Hotel in Burnaby at a Glance Amacon Construction Ltd. has proposed a 61-storey tower with over 540 new homes, a hotel, and restaurant in Burnaby’s Brentwood Town Centre. The development will also include a rental project at 5166 Halifax St. and will feature a mix of market strata … Read more