Metro Vancouver Secured $357M In DCC Revenue In 2025, Volatility Expected In 2026
Metro Vancouver’s development cost charges (DCC) generated $357 million CAD (~$263 million USD) in 2025, up from $177 million CAD (~$131 million USD) in 2024. Seventy‑seven percent of the revenue was collected in the first half of the year as developers rushed to lock in lower 2024 rates before a phased increase took effect. Only $211 million CAD (~$156 million USD) – 59% – was received in cash; the remaining $146 million CAD (~$108 million USD) is deferred under the old payment rules. A 2026 provincial amendment will cut the upfront payment to 25% and the board has already voted to roll back 2026‑27 DCC rates, creating uncertainty about next year’s collections.
Vancouver Real Estate Rundown: Apr 6 - Apr 12, 2026
Maskeen’s multi‑phase Victory project in Surrey was placed under receivership in March after failing to meet its 2024 presale financing target, following a similar fate for its 464‑unit Langley development earlier this year. The Fraser Valley is seeing a wave...
Exclusive: Peterson Buys Out Westbank From Mirvish Village In Toronto
Peterson has bought out Westbank, taking full ownership of Toronto’s Mirvish Village redevelopment. The 3.5‑acre mixed‑use project will feature 890 rental units—including a sizable affordable component—and 200,000 sq ft of commercial space anchored by a grocery and LCBO. Completion is now slated...
InnVest Buys Hotel Grand Pacific In Victoria For Over $150M
Ontario‑based InnVest Hotels closed on the Hotel Grand Pacific in Victoria for an estimated $150‑$160 million CAD (approximately $110‑$118 million USD). The 304‑key, 316,000‑sq‑ft property sits on 1.67 acres and includes 10,000 sq ft of meeting space, a fitness club, retail units and a...
Exclusive: Manulife Buys RED Sol Project In Coquitlam From Adera For $60M+
Manulife Financial completed a low‑$60‑$65 million acquisition of the RED Sol rental project in Coquitlam, British Columbia, from developer Adera Development. The deal was structured as a share sale, allowing Manulife to avoid roughly $1.8 million in property transfer tax. RED Sol consists of...
Q&A: Cushman & Wakefield's Brad Newman-Bennett On The State Of Real Estate Insolvencies
Brad Newman‑Bennett of Cushman & Wakefield warns that Canadian real‑estate insolvencies have moved beyond secondary lenders to senior banks, as land values have slumped roughly 50 % since purchase. The fallout has stalled high‑rise, concrete projects while distressed sales remain scarce...
Everest Group Facing Foreclosure On 24-Storey Centra Project In Surrey, Owes $44M
Everest Group’s 24‑storey Centra condo tower in Surrey entered foreclosure after defaulting on a $27.8 million loan with 14% interest. The lender, Domain Mortgage/CAPSTONE, reports $44.2 million owed, including $15.2 million in liens and unpaid property taxes. Construction halted in September 2024, and...
The 8 Big Real Estate And Development Industry Questions For 2026
Howard Chai’s latest piece outlines eight critical questions shaping Metro Vancouver’s real‑estate and development outlook for 2026. He probes whether the 2024‑25 downturn has bottomed out, if developers will resume land acquisitions, and how much hidden “shadow inventory” remains. The...
Vancouver Real Estate Rundown: Feb 9 - Feb 16, 2026
The episode reviews the week’s Vancouver real‑estate headlines, covering the stalled sale of the 28‑storey 2538 Birch Street tower, Allied Properties REIT’s takeover of the KING Toronto project and its recent equity financing, and a deep dive into Western Canada’s...
Allied Properties REIT Takes Over KING Toronto Project From Westbank
Allied Properties REIT announced it has taken full operational control of the KING Toronto mixed‑use development, assuming the development manager role and converting its existing loans to equity, positioning it to own 100% of the project by 2027. The report...
$235M Sale Of Jameson's Broadway Tower Under Creditor Protection Cancelled
The episode dissects the collapse of a $235 million sale of Jameson Development’s 28‑storey tower at 2538 Birch Street in Vancouver, which was under Companies’ Creditors Arrangement Act protection. It explains how funding from BC Housing was suspended, leading to a...