News | Development

September 11, 2025 | 2:29 P.M.
Developer pitches residential towers to replace Vancouver filming location
A developer has proposed building what would be the largest condominium project under Vancouver’s high-density housing plan to help alleviate the region's housing shortage.
September 10, 2025 | 9:21 P.M.
CoStar World News for Sept. 11
September 9, 2025 | 11:46 P.M.
Southern California landlords are saying goodbye to grass
Southern California landlords, facing looming deadlines to cut water use, are swapping grass for poppies, succulents and other drought-resistant plants at office campuses and apartment complexes across the region. And they're getting paid to do it.
September 9, 2025 | 5:51 P.M.
Construction to begin next year on Montreal's Bridge-Bonaventure project
Construction is slated to begin next summer on the first 376 of up to 13,500 residential units expected to be built in the 5 million-square-foot industrial area south of downtown Montreal known as Bridge-Bonaventure.
September 9, 2025 | 2:19 P.M.
More rental apartments continue to be built in Montreal than in Toronto
Montreal and Toronto have been building more purpose-built rental, or PBR, apartment units in recent years, according to data from the Canada Mortgage and Housing Corporation, or CMHC. These housing units are designed and built specifically for the rental market rather than to be listed for sale or converted to rental properties later. As of July, the country's two largest cities were adding a record number of units under construction.
September 4, 2025 | 3:30 P.M.
Pension fund buys out Westbank’s stake in one of Vancouver’s biggest housing projects
Real estate developer Westbank has sold its stake in a 6,100-unit residential project under construction in Vancouver that's billed as one of the largest First Nations economic development projects in Canadian history.
September 3, 2025 | 9:12 P.M.
CoStar World News for Sept. 4
September 3, 2025 | 3:21 P.M.
Vancouver developers Bosa Properties and Chunghwa seek approvals to build 40‑storey apartment tower
A pair of Vancouver development firms, Bosa Properties and Chunghwa Investment (Canada), have filed an application to rezone 5978 Wilson Ave. in Burnaby’s Central Park District, seeking to redevelop the site as a 40‑storey apartment tower with 418 units. The new development would replace an existing 38‑unit, 1967-vintage building located near the Metrotown SkyTrain station and in the same block as Broadview, a new 295-unit rental building Bosa recently completed at 5980 Kathleen Ave.
September 3, 2025 | 11:35 AM
New mass-timber tower doubles student housing at Burnaby campus as government funds more units
The British Columbia Institute of Technology opened a 12-floor student housing, the latest development to use mass timber construction as the provincial government funds more projects to ease a student housing shortage.
September 2, 2025 | 11:45 AM
British Columbia's new local residential targets would add nearly 39,000 units
British Columbia said new minimum residential construction targets would add almost 39,000 units across 10 cities in the next five years, to address the growing housing shortage.
August 28, 2025 | 3:25 P.M.
Construction boss hired for one of North America's largest development projects
Northcrest Developments has appointed Beau Brooker to oversee construction at the $30 billion redevelopment of the 370-acre former Downsview Airport lands in Toronto, now known as YZD.
August 27, 2025 | 8:54 P.M.
CoStar World News for Aug. 28
August 25, 2025 | 9:28 P.M.
Hydro-Québec considering Miséricorde site for new substation
Hydro-Québec may finally be nearing success in its six-year quest to find land in downtown Montreal to build a new electrical substation.
August 21, 2025 | 11:15 P.M.
Vancouver dance academy plans housing tower
A prominent ballet academy has filed plans to redevelop its property in Vancouver’s Mount Pleasant neighbourhood to expand the school and add a 25-storey student housing tower.
August 20, 2025 | 6:43 P.M.
Starlight breaks ground on biggest apartment project in Victoria, Vancouver Island
Real estate developer Starlight Investments broke ground on a 1,500-unit transit-oriented project covering two city blocks, planned to be Victoria's largest rental housing development.
August 19, 2025 | 3:20 P.M.
British Columbia leaders reject call by real estate developers to ease foreign buyer ban
British Columbia provincial leaders rejected a call by Vancouver's largest developers for the government to loosen restrictions on foreign investment in real estate as the country grapples with a housing crisis.
August 14, 2025 | 9:10 P.M.
Developers move forward with long-discussed plan to build downtown Toronto high-rises
Dream Unlimited is partnering with Toronto-based real estate development firm CentreCourt Developments to build a downtown residential complex that has been in the permitting process for many years.
August 13, 2025 | 11:41 P.M.
CoStar World News for Aug. 14
August 12, 2025 | 8:05 P.M.
Joint venture secures land, financing for multifamily project in Northern Virginia office park
A pair of Washington, D.C.-area developers closed on a land parcel in a Northern Virginia office park with plans to develop a 260-unit apartment building on the site.
August 12, 2025 | 4:36 P.M.
NHL's Senators finalize purchase agreement for Ottawa site to house new hockey arena
The Ottawa Senators hockey team is set to become the new owner of a development site in LeBreton Flats, a downtown property the team has long sought as the site of a future arena and mixed-use development.

Developer pitches residential towers to replace Vancouver filming location

CoStar World News for Sept. 11

Southern California landlords are saying goodbye to grass

Construction to begin next year on Montreal's Bridge-Bonaventure project

More rental apartments continue to be built in Montreal than in Toronto

Pension fund buys out Westbank’s stake in one of Vancouver’s biggest housing projects

CoStar World News for Sept. 4

Vancouver developers Bosa Properties and Chunghwa seek approvals to build 40‑storey apartment tower

New mass-timber tower doubles student housing at Burnaby campus as government funds more units

British Columbia's new local residential targets would add nearly 39,000 units

Construction boss hired for one of North America's largest development projects

CoStar World News for Aug. 28

Hydro-Québec considering Miséricorde site for new substation

Vancouver dance academy plans housing tower

Starlight breaks ground on biggest apartment project in Victoria, Vancouver Island

British Columbia leaders reject call by real estate developers to ease foreign buyer ban

Developers move forward with long-discussed plan to build downtown Toronto high-rises

CoStar World News for Aug. 14

Joint venture secures land, financing for multifamily project in Northern Virginia office park

NHL's Senators finalize purchase agreement for Ottawa site to house new hockey arena

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