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  1. Shawn Oaks site at 5505-5585 Oak Street in Vancouver, Landmark Premiere Properties in receivership

    A large-scale redevelopment plan for a site near Oakridge Park that has been in the works for several years is set to be delayed even further as the developer is now facing receivership proceedings, according to court filings in the Supreme Court of British Columbia.

    The 3.2-acre property is currently occupied by the 72-unit Shawn Oaks townhouse complex that Landmark Premiere Properties acquired in phases between 2016 and 2021, all of which are now owned by Shawn Oaks Holdings Ltd. and beneficially owned by Landmark Shawn Oaks Development Ltd., both of which are listed as respondents alongside Landmark Premiere Properties Ltd. and Helen Chan Sun, the two guarantors.
    By Howard Chai
    25-01-2025

  2. The key False Creek property has sold for an undisclosed sum

    Vancouver’s Plaza of Nations, a prominent but largely derelict waterfront parcel, has been sold for an undisclosed sum. The price is believed to be several hundreds of millions of dollars.

    There has been renewed attention on False Creek’s northeast shore — the last undeveloped waterfront piece of the Expo 86 lands — after Concord Pacific unveiled its vision for a massive development on the land immediately east of the Plaza of Nations.

    The Plaza of Nations property was rezoned in 2018 to allow for more than two million square feet of space in mixed-use buildings of up to 30 storeys, but progress on that stalled.

    By Dan Fumano, Joanne Lee-Young
    13-01-2025

  3. Little Mountain - One building is open, a second one will be completed in March and three others by spring and summer of 2026

    Holborn Properties Ltd. bought the 15-acre property near Queen Elizabeth Park in 2008 from the provincial government for $334 million and promised to replace more than 200 social housing units the company demolished in the early stages of ownership.

    So far, only a 53-unit social housing building for seniors has opened.

    The delays in replacing the housing have made the company a target of criticism for years from housing advocates and civic and provincial politicians, including Premier David Eby when he was attorney general in 2021.

    But in a Jan. 6 visit to the development site,BIVlearned a 62-unit building facing Main Street is expected to be completed by March, while three other buildings are scheduled to open in the spring and summer of 2026.
    By Mike Howell
    10-01-2025

  4. Period of relative stability continuing, new B.C. property assesments find

    Most B.C. homeowners didn't see a big change in their assessments this year. Experts say it's mostly because of high interest rates, but there are other factors at play.

    In all the authority’s regional offices, assessors found most homeowners can expect their home values to have changed between plus or minus five per cent, regardless of property type, which to lead surveyor Bryan Murao speaks to the impact of higher residential mortgage interest rates.
    By Derrick Penner
    02-01-2025

  5. Thinking of building a secondary suite in B.C.? These programs may help pay for it

    B.C. and Ottawa are offering loans to help with the cost of building secondary suites. Here's what you need to know about both programs.

    Homeowners in B.C. who want help covering the cost of converting an unused basement into a rental apartment or a garage into a laneway home can tap provincial or federal loan programs that are part of much larger plans to increase the housing supply.
    By Joanne Lee-Young
    29-12-2024

  6. City council backs demolishing hotel

    The heritage building at 500 Dunsmuir Street, owned by Holborn Properties, has been empty since 2013. It will be demolished within three weeks.

    There was unanimous support at a meeting of Vancouver city council on Wednesday for the recommendation that the 167-unit Dunsmuir Hotel be declared dangerous and taken to the ground.

     

    Chief building official Saul Schwebs told council that the heritage building at 500 Dunsmuir St. had been empty since 2013 and no maintenance work has been done since then.

     
    Source: The Vancouver Sun
    18-12-2024

  7. Deputy Prime Minister making it easier for homeowners to build secondary suites

    Yesterday I announced the government will table the Fall Economic Statement on Monday, December 16th in the House of Commons. Our government is focused on building four million new homes, making life more affordable and growing the economy, and creating more good-paying jobs.

    We’re doing this in a fiscally responsible way. Canada’s net debt to GDP and debt to GDP ratios are the lowest in the G7.

    In next week’s Fall Economic Statement you will see that the government is maintaining its fiscal anchor, specifically reducing the federal debt as a share of the economy over the medium term. I expect the debt to GDP ratio we projected in the spring budget for the fiscal year 2023-24 will be met.
    Source: other
    10-12-2024

  8. Financial markets and forecasters are betting on another jumbo interest rate cut

    Financial markets and forecasters are betting on another jumbo interest rate cut from the Bank of Canada on Wednesday, which would bring its key rate down to 3.25 per cent.

    Statistics Canada's latest jobs report tilted expectations in favour of a half-percentage point cut.

    The Friday report revealed the unemployment rate jumped to 6.8 per cent in November — up from 6.5 per cent a month earlier — as more people looked for work.

    November marked Canada's highest jobless rate since January 2017, outside of the COVID-19 pandemic.
    By Nojoud Al Mallees
    09-12-2024

  9. Greater Vancouver Realtors say the number of homes that changed hands in the region increased 28.1 per cent

    The real estate board says there were 2,181 sales of existing residential homes last month, still 12.8 per cent below the 10-year average but up from the 1,702 home sales recorded in November 2023.

    It says there were 3,725 newly listed properties, up 10.6 per cent from last year and 5.4 per cent above the 10-year seasonal average.

    The total number of listings stood at 13,245, a 21.2 per cent increase compared with last year.
    Source: Western Investor
    03-12-2024

  10. Proposal to redevelop Poco Place shopping centre, which is located at 2755 Lougheed Highway

    The Poco Place property is a transit-oriented development site directly served by the Westwood Street bus stops for the R3 Lougheed Highway RapidBus. It is also a 15-minute walk from SkyTrain’s Lincoln Station or a 20-minute walk from SkyTrain’s Coquitlam Centre Station.

    According to the developer, this would be Port Coquitlam’s first-ever “transit-oriented, high-rise development.” The property is on the geographic fringes of Port Coquitlam but is immediately adjacent to the core of Coquitlam’s designated city centre area — within the realm of influence of the adjacent municipality’s emerging downtown and next to their future high-density redevelopments.

    By Kenneth Chan
    02-12-2024

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