Category News
How Industrial Developers Are Adjusting To Changing Marketplace
January 17, 2024 Vancouver developer PC Urban Properties, in partnership with Nicola Wealth Real Estate, is currently building a third strata industrial development in Kelowna at 9640 McCarthy Road. The four-acre site will soon become a 105,000-square-foot development for local…
How New Rental GST Wavier Is Easing The Impact Of Higher Lending Rates For Developers
By: Frank O’Brien October 10, 2023 The federal government has waived the goods and service tax (GST) on new rental construction, easing the pain of higher lending rates for rental developers offered via Canada Mortgage and Housing Corp.- insured loans.…
B.C. Builders Say GST Removal Will Spur Rental Projects
By: Kerry Gold October 6, 2023 Recognizing that somebody needed to come up with a solution to the housing crisis, a group of for-profit and non-profit housing experts locked themselves in a room in Ottawa and came up with a…
PC Urban, Fiera to Redevelop South Vancouver Multifamily Property
By: Nicholas Sokic October 5, 2023 PC Urban Properties and Fiera Real Estate are expanding their Metro Vancouver multifamily investment partnership to develop 141 rental apartments– including 12 townhomes– at a property in South Vancouver. A new proposal is awaiting…
What Eliminating GST For Rental Projects Could Do For The Housing Crisis
August 23, 2023 By: Howard Chai In the midst of Canada’s housing shortage, developers, economists, and politicians alike have called for the federal government to ditch– or substantially reduce– the GST payments required on rental housing as a way to…
Massive Coquitlam Building To Add To City’s Industrial Stock
By: Janis Cleugh August 5, 2023 A large swath of Coquitlam land near the Port Moody border will soon have two new industrial buildings. Last Monday (July 31), city council unanimously OK’d a development permit for PC Urban to construct…
Construction begins on 192- Unit PC Urban, Nicola Wealth Rental Building
July 3, 2023 Kelowna, B.C.- Kelowna is getting a rental housing boost. Construction began last week on PC Urban Properties and Nicola Wealth Management’s new six-storey purpose-built rental unit at 1605 Gordon Dr. The building will feature 192 dedicated rental…
Rentals, Daycare Space Needs Still High in Kelowna But Developers Stepping Forward
By: Kathy Michaels June 28, 2023 By this time in 2025, a rental housing project with 192 units and a daycare will add to the much-needed supply of housing in downtown Kelowna. The project, a combined effort from PC Urban Properties and Nicola Wealth…
Kelowna’s Newest Purpose-Built Rental Building Breaks ground This Week
By: Cheyanna Lorraine June 26, 2023 Construction on Kelowna’s next rental residential development is set to begin, as crews prepare to break ground at the site of the forearm Building Blocks childcare centre on Gordon Drive. On Wednesday, June 28,…
More Rental Units On The Way In Kelowna
June 26, 2023 A groundbreaking will take place at the site of the former Building Blocks daycare on Wednesday on Gordon Drive and Lawrence Avenue. Original Post