British Columbia / Alberta
Policy
Municipalities Must Monitor (And Tweak) Their Tenant Protection Policies
While Vancouver and Burnaby have created rigorous tenant protection policies, these approaches are new, and something of a housing experiment. As the redevelopments unfold, and tenants make use of their rights, the question of compliance will be put to the test, say experts.
Jul 19, 2024
Listed Luxe
Award-Winning Lakeside Kelowna Mansion Hits Market For $15.9M
The beautiful home at 20-180 Sheerwater Court in Kelowna won the Home of the Year award at the 2023 Okanagan Housing Awards of Excellence.
Policy
How The City Of Calgary's New $60M Housing Capital Initiative Will Work
The Housing Capital Initiative is one of 98 actions the City of Calgary outlined in its Home Is Here housing strategy.
Policy
City of Vancouver Unveils First-Ever Seniors Housing Strategy, Rezoning Policy
The City says over 194,000 people in Vancouver are 55 years or older and that this number is expected to increase significantly over the next 20 years.
Off-Grid Estate With 100-Ft Dock Near BC's Desolation Sound Asks $3.9M
The estate is "off-the-grid" in the sense that it's very remote, but it's also off-the-grid in the literal way; it runs off of solar and wind power, while also being equipped with a substantial battery bank, and two backup generators.
Development Projects
Kelowna Approves 7-Tower, 1700-Unit Draft Redevelopment Plan
The project is planned for 1574 and 1634 Harvey Avenue, by Burtch Road, and Kelowna City Council recently approved the draft redevelopment plan.
Industry
Quarry Rock's The Willoughby In Langley Sold For $35M Through Receivership
The 20335A 70A Avenue property in Langley, where Quarry Rock Developments was planning an 87-unit townhouse project, was placed under receivership in November.
Opinion
Op-Ed: The Capital Gains Hike Hurts Private Landlords, Rental Market
The capital gains tax inclusion rate change affects not just developers, but also small, private landlords, writes Macdonald Realty President Jonathan Cooper.
Policy
Feds Push For Transit-Oriented Development With $30B Canada Public Transit Fund
The Canada Public Transit Fund will require transit-oriented development in exchange for funding, and the federal government says its the largest public transit investment in Canadian history,
Cities
What To Do If Your Home Flooded In Toronto
A flood can happen to the best of us; read this article to help keep your head above water.
Construction
Housing Starts Are Buckling Under Interest Rates — And Cuts Aren’t Going To Save Them Anytime Soon
We may have gotten some good news on the rate cut front with the latest inflation dip, but economists with CMHC have warned that a “partial rebound” in starts activity isn’t expected until 2025, or maybe even 2026.
Real Estate News
June's Inflation Drop "Sets The Table" For July Rate Cut: RBC
After an unexpected upswing in May that left economists unsure about the likelihood of a July cut, headline CPI fell back down to 2.7% from 2.9% in June.
Industry
AimForce Development Hit By 3 Foreclosures, Including 67-Storey Surrey Project
The 67-storey tower was planned for 10227 King George Boulevard, which has become the subject of a new foreclosure, along with two other properties owned by AimForce Development Group.
Industry
Greybrook Announces Death Of Founder Elias Vamvakas At Age 65
Vamvakas is remembered by his company as a “visionary leader whose entrepreneurial spirit and dedication laid the foundation for Greybrook”
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