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
Economists Foresee A Significant Turning Point In The Housing Market At a Glance Good news for the Canadian housing market! After a cautious year with rising borrowing costs, economists predict a rebound in 2024. This is largely due to forecasts that the Bank of Canada may begin cutting its key interest rate from the current … Read more
The Details Of Westbank is Dealing with a Barrage of Lawsuits from Canadian and U. S. Projects Because of Unpaid Invoices Westbank Corp., a well-known Canadian developer with a reputation for ambitious architecture, is currently facing problems with unpaid bills for multiple projects in Toronto and Seattle. Numerous contractors have claimed millions of dollars in … 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
Feds Declare New Mortgage Charter, $15 Billion In Funding For Housing Construction At a Glance The Canadian government has announced new measures to address the country’s housing crisis, including $15bn in funding for 10-year loans for new rental builds and $1bn for affordable housing construction. The rental funding is expected to spur the construction of … Read more
Up To 6 Homes On Single-Family Lots Are Permitted By The BC Government At a Glance The Government of British Columbia is implementing changes to allow for more low-rise, multi-family residential developments. These changes override municipal government control over zoning and aim to reform review and approval processes. The new policy, termed “small-scale, multi-unit” buildings, … Read more
20 Storeys Close To Every SkyTrain Station & Up To 12 Storeys Close To Bus Interchanges At a Glance The Government of British Columbia has introduced new legislation to encourage high-density, transit-oriented development in the areas surrounding major transit hubs, including SkyTrain stations and bus exchanges. This move aims to combat the housing affordability and … 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