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  1. Regulatory approval delays linked to lowered housing affordability

    MLA Canada, we’ve looked at the housing affordability crisis in Canada. This goal is complicated by a complex set of land development and use regulations that, despite serving essential socio-economic purposes, may inadvertently limit that necessary housing development. Inefficient implementation of these rules and delays in regulatory approvals can stifle the capabilities of developers, limiting the growth of new homes.
    By MLA Canada
    15-08-2023

  2. Tracking children with "Air Tags" becoming more popular

    Across America, parents are snapping up Apple AirTags, the inexpensive location tracking devices that can help owners find lost luggage, misplaced keys, and—increasingly so—roving toddlers setting out on mini-adventures. 
    By Malwarebytes Labs
    14-08-2023

  3. Vancouver SRO owner rejects rent control, favours more housing supply

    Greg Spafford of Forum Asset Management, which owns the Lotus Hotel at 455 Abbott St., said tying existing rents to units when a tenant moves out or is evicte will not solve Vancouver's housing crisis.

    "What Vancouver needs overall is just more housing - any type, any level, they just need more and more supply to become a balanced market," said Spafford, who in Forum's managing director of real estate management and head of the Toronto firm's real estate income and impact fund.

     
    Source: Western Investor
    11-08-2023

  4. The penalty was handed to The Centre Pacific Project Marketing Corp., in Vancouver’s West End.

    The broker was found to be in non-compliance of a number of regulations connected to money laundering and the Terrorist Financing Act, according to a notice posted to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC),

    Those included failure to appoint someone to implement a compliance program and failure to develop policies and procedures that would allow it to report suspicious transactions, terrorist property and verify clients’ identities, among other procedures.
    By Stefan Labbé
    10-08-2023

  5. City of Delta to build the mixed-use high-rise development at the Delta Shoppers Mall, located at 8037 to 8087 Scott Road.

    ‘City within a city’ is consistent with the official community plan so a public hearing is not required, but information sessions will be held this month.

    The public will have opportunities to learn more about a proposed large project on a busy Delta corridor that what could be a transformative mixed-use development for the city.

    The proposal includes more than 100,000 square feet of office space, about 70,000 square feet of commercial space and four residential towers of up to 32 storeys with 876 housing units.

     
    By Sandor Gyarmati
    10-08-2023

  6. North Van's Riverside Drive to receive new affordable housing development

    A portion of North Vancouver land has been selected as the site for a new project that will bring affordable housing to families, seniors and those with disabilities on the North Shore.

    The four undeveloped lots, located on Riverside Drive in the Maplewood Village area, have been chosen by Metro Vancouver to be developed as part of its $190 million, 10-Year-Housing plan.
    By Mina Kerr-Lazenby
    09-08-2023

  7. The government says the projects will provide 422 rental homes in Vancouver

    The federal government has announced it will fund the construction of 422 rental homes in three projects/ A 178 units at 3435 West Sawmill from the federal government, nearly $4 million from the City of Vancouver, and just over $15 million in cash and land equity from Wesgroup Properties Ltd. The other two projects include 139 units at 3572 Glen Drive and 104 units at 695 East 19 Avenue, both in Vancouver.
    By Tiffany Crawford
    04-08-2023

  8. 800-plus-home highrise development - 643 market condo, 150 seniors units, 83 purpose-built rentals being pitched for Delta Shoppers Mall

    he proposed redevelopment of the 2.4-hectare Delta Shoppers Mall (8037 to 8087 120th St., located between the Real Canadian Superstore and Delta Rise) includes four buildings ranging in height from six to 32 storeys, with a total of 876 residential units, 10,572 square metres of office space, 7,178 square metres of commercial space, and childcare spaces for a total of 60 children.

    Of the 876 residential units, 643 are slated to be market condo units located in two 32-storey highrises. A 10-storey building would include 150 senior housing units, while a six-storey building would include 66 market and 17 non-market purpose-built rental housing units.
    By James Smith
    02-08-2023

  9. Fraser Valley leads the nation with 214 per cent surge in the first half of 2023

    In Metro Vancouver, home sales rose by 190.1 per cent between January 2023 and June 2023, with 2,988 homes sold in the region in June, according to a report from real estate listing website Zoocasa.  

    Among larger markets where more than 1,000 homes are sold, the Fraser Valley area had the largest increase in Canada. In June of this year there were 1,849 home sales, an increase of 214.5 per cent from January 2023.  
    By Claire Wilson
    01-08-2023

  10. Cambie Corridor land sells at more than $38M an acre

    A 0.48-acre two-lot residential land assembly in Vancouver’s Cambie Corridor has sold for the equivalent of more than $38 million per acre, bucking a trend that has seen land sales plunge this year compared to the first half of 2022.

    The assembly at 4338-4362 Cambie Street has conditional rezoning approval for a 68-unit, six-storey multi-family building covering 58,893 square feet.
    By Frank O'Brien
    31-07-2023

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