Howard Chai

Burnaby

Taiwanese-Canadian. I cover real estate, housing policy, and the development industry at @storeyspub. I tweet about other things. Email: [email protected]

Featured in: Favicon

storeys.com Favicon

medium.com (+1) Favicon

mobile01.com Favicon

whowhatwhy.org Favicon

604now.com

Articles

Ravelin Properties REIT Issues "Going Concern" Warning

20 hours ago | storeys.com | Howard Chai

This week, Toronto-based Ravelin Properties REIT (TSX: RPR.UN) - formerly known as Slate Office REIT - published its Q1 2025 results, at the end of which the REIT issued a going concern warning. "The REIT is in discussions with G2S2 Capital and other lenders regarding the terms of an acceptable potential Recapitalization Plan," said the REIT.
Burnaby Housing Authority Names John Brendan McEown CEO

1 day ago | storeys.com | Howard Chai

The Burnaby Housing Authority, the City of Burnaby's new municipal housing corporation, has appointed John Brendan McEown as its inaugural Chief Executive Officer, STOREYS has learned. McEown, who started in the role on Friday, May 9, joins the Burnaby Housing Authority (BHA) via BC Housing, the provincial housing corporation, where he earned extensive experience leading affordable housing development through provincial partnerships and public-sector collaboration.
Vancouver GM Of Planning Josh White On The Policy Changes During His First Year

1 day ago | storeys.com | Howard Chai

After taking over as the City of Vancouver's General Manager of Planning, Urban Design, and Sustainability from Theresa O'Donnell on May 1, 2024, Josh White has now completed his first full year in the high-profile position. White joined the City of Vancouver from the City of Calgary, after earlier stints as a planner with Urban Strategies and in the development sector with Dream Unlimited.
Colliers Names Andrew Kirkham Managing Director Of Vancouver Brokerage

1 week ago | storeys.com | Howard Chai

On Monday, commercial real estate services firm Colliers (TSX: CIGI) announced that it was naming Andrew Kirkham as Managing Director of Brokerage Operations in Vancouver. Kirkham will lead the advisors and brokerage operations across all industry sectors in Vancouver and report to Kirk Kuester, the Executive Managing Director of Colliers Vancouver who is also responsible for the development and execution of the firm's business plan and strategy in the region.
Homes Sales In Greater Vancouver Down 24% Amidst Economic Turmoil

1 week ago | storeys.com | Howard Chai

When interest rates are low, real estate markets generally see more activity, but even that tried and true trend has been bucked by the trade war with the United States, according to new statistics published by Greater Vancouver Realtors (GVR) on Friday. In April, the Greater Vancouver region recorded a grand total of 2,163 home sales, a total that's 23.6% below the April 2024 total of 2,831 and 28.2% below the 10-year April average of 3,014. It wasn't because there were no sellers.
Bonnis Properties Ordered To Return $1.1M Deposit After Failed Sale In Vancouver

1 week ago | storeys.com | Howard Chai

Vancouver-based real estate developer Bonnis Properties has been ordered to return a deposit it received, plus interest and general damages, as a result of a sales transaction that ultimately fell through, according to a judgment published by the Supreme Court of British Columbia this week.
Development Charges

1 week ago | storeys.com | Howard Chai

On April 7, Toronto-based Forum Asset Management announced that it was pausing construction on a student housing project in Guelph, Ontario as a result of the City of Guelph deciding to levy $15.5 million in development charges (DCs) on the project, the latest chapter in the ongoing debate over government taxes on development. The project at hand is a two-phase project called ALMA @ Guelph located at 601 Scottsdale Drive, across the street from Stone Road Mall.
BC Real Estate And Development Industry Hires And Promotions: April 2025

1 week ago | storeys.com | Howard Chai

With April dominated by economic uncertainty with a side of political uncertainty, hiring across British Columbia's real estate and development industry appears to have slowed down a bit compared to previous months. However, some of the bigger developers, such as Townline, Wesgroup, and Anthem Properties still made some notable hires or promotions, as did companies in sectors adjacent to real estate, such as EllisDon, Nicola Wealth, and local governments.
Landmark Premiere Properties

2 weeks ago | storeys.com | Howard Chai

Vancouver-based real estate developer Landmark Premiere Properties is the subject of a second insolvency proceeding that was initiated earlier this month, according to filings in the Supreme Court of British Columbia obtained by STOREYS. The subject properties are 745 W 41st Avenue, 715 W 41st Avenue, and 5693 Heather Street in Vancouver.
City Of Coquitlam Outlines Rates For New Amenity Cost Charges Program

2 weeks ago | storeys.com | Howard Chai

If it was up to them, the City of Coquitlam would likely prefer to keep things the way they were, but it's not and the City is now set to introduce a new amenity cost charges (ACCs) program at a time when there is growing concern about government fees getting in the way of new housing being constructed. The City is introducing the new fee program in response to Bill 46, the Housing Statutes (Development Financing) Amendment Act, which the Province brought forth in November 2023.