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  1. New designation under city's OCP opens opportunities

    DEAL | A land assembly consisting of two residential units at 32161 and 32171 Hillcrest Ave., Mission, sold June 30 for just under $2.3 million. The properties total 0.54 acres, with pricing working out to $4.2 million per acre. Situated just steps from Mission Memorial Hospital, the properties lie within a new Health and Wellness Hub within Mission’s Official Community Plan that allows various uses and heights of up to six storeys. Sam Wadhawan of Royal LePage Little Oak Realty represented the sellers while Jag Cheema of Royal LePage Wolstencroft Realty Mission represented the buyer.
    By Jag Cheema, Royal LePage Wolstencroft Realty Mission, for Western Investor
    30-07-2025

  2. Delayed financing could stall Whistler’s final Phase 2 site in Cheakamus Crossing, prompting a push for interim municipal funding

    Whistler Development Corporation (WDC) president and COO John Morley appeared before council on July 22 to present an updated project plan for the 125-unit rental development at 1600 Mount Fee Road. He said the requested interim funding would cover construction through the end of the year and carry operations through to March 2026, allowing foundations to be completed while financing is finalized.

    “We are anticipating WDC would need an additional $3 million in interim financing until such time as I'll say the financing facility is in a steady state of making draw payments," Morley said. "A delay in the finance commitment beyond September would maybe necessitate some additional interim funding or construction costs."

    If the commitment is delayed, construction could stall. “If there is no interim ... we could pause construction at the end of foundations while we look at some of the alternate plans in the project plan,” Morley warned, noting a pause would still cost $50,000 to $60,000 a month in expenses. Foundation work is expected to wrap up by the end of this year and is currently ongoing.
    By Liz McDonald
    29-07-2025

  3. Work to recover from 2014 oil price slump expands to new sectors

    Plans for an industrial development incentive program point to Calgary’s ongoing efforts to right-size its property mix as Alberta’s economy continues to reposition a decade after oil prices dropped in 2014.

    The plans are part of the city’s Industrial Action Plan, approved by Calgary city council on June 24.

    A staff report presented to the committee indicated that industrial lands were vulnerable to conversion to other uses, with a knock-on loss to the city’s non-residential property tax base.

    The action plan suggests incentives to encourage industrial development within the city. The incentives would aim to encourage better use of 932 hectares of industrial land on the city’s east side identified as underdeveloped in a 2020 study and would align future development with the Prairie Economic Gateway strategy the city is pursuing in partnership with Rocky View County.
    By Peter Mitham
    29-07-2025

  4. The modified plan would add height to several apartment buildings and remove up to 275 rental units

    West Vancouver council is moving ahead with a plan to add height and removal rental from a project of high rises above the Upper Levels Highway.

    At a July 21 meeting, council voted to send an updated proposal for the Beedie Uplands development to a public hearing.

    An initial version of the plan, first approved in 2019, involved rezoning the properties at 3861 and 3875 Upland Way as well as 3389 and 3181 Chippendale Rd. to allow up to 620 units in a mix of single-family homes, “cluster housing” and apartment buildings.
    By Nick Laba
    29-07-2025

  5. Banks summoning workers back with ‘carrot’ of AAA workspace, says real estate firm

    Increasingly stringent return-to-office policies may translate into more demand for premium office space in Canada, says a national real estate firm.

    Colliers Canada wrote in a July 24 blog post that “the dominoes in the return-to-office movement in Canada continue to topple” and that “as more companies set in-office policies, rising demand will gobble up limited AAA office space.”
    By Jami Makan
    28-07-2025

  6. The city's average hotel room rate in June was $335.74.

    Metro Vancouver in June continued to have the priciest and most occupied hotel rooms among major Canadian centres. 

    New data from CoStar, a global provider of real estate data, analytics and news, holds that Metro Vancouver hotel rooms in June were occupied an average 86.9 per cent of the time. That is up from the city's 83.8 per cent occupancy rate last June, which was also the highest among major Canadian centres. 
    By Glen Korstrom
    25-07-2025

  7. Your guide to cheaper rent in the region.

    Metro Vancouver rental prices haven't declined, but several neighbourhoods offer a better bang for your buck (and they likely aren't in West Vancouver).

    The average price for a newly-listed, unfurnished, one-bedroom rental unit has increased by a modest $9 from $2,223 in June to $2,232 in July 2025.

    West Vancouver remains Canada's most expensive city in which to rent a newly-listed, one-bedroom unfurnished rental unit, increasing from $2,598 in June to $2,617 in July. 
    By Elana Shepert
    23-07-2025

  8. evelopers say proposal fails to address affordability issues

    The development sector is criticizing a report going to Vancouver city council on Tuesday that proposes new zoning guidelines for the Broadway and Cambie corridors.

    The report suggests zoning changes that would eliminate or reduce the need for rezoning individual sites. While the industry supports this, it says the report has significant sticking points that would erode the benefits of this approach.

    The Urban Development Institute, which represents builders and lenders, said in statement it is still reviewing what it described as a “large and complex 400+ page report, especially since UDI and our members were not consulted on several major components.”
    By Joanne Lee-Young
    21-07-2025

  9. Here is a look at the city's five exceptional industrial sites that could potentially be used for residential construction

    Vancouver Mayor Ken Sim wants city staff to prepare an overview of five key industrial sites in the city, possibly leading to some or all of those sites being released from Metro Vancouver’s industrial land reserve.

     

    This would mean those sites could be used for residential construction as well as traditional industrial and work-creation uses.
    By David Carrigg
    21-07-2025

  10. It was supposed to be the tallest residential condo tower in the city. But documents filed in B.C. Supreme Court paint a picture of a project grounded in financial turmoil

    On the corner of Burrard and West Pender streets, inside a splashy, ground-floor sales centre in the heart of downtown Vancouver, sits a large model of what was poised to be the tallest residential condo tower in the city, complete with twinkling lights up the side of its 60 storeys.
    By Joanne Lee-Young
    16-07-2025

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