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The story behind one of my stories.
According to Natural Resources Canada, there is a 20% chance that British Columbia gets hit with “The Big One” — an earthquake with a magnitude over 9.0 — within the next 50 years.
In preparation, the City of Vancouver recently adopted a new Buildings Seismic Risk Reduction Action Plan, so I took the opportunity to talk to James Munro from RJC Engineers about seismic engineering and his thoughts on the action plan.
This is one of many reasons why I love journalism. I knew very little about seismic engineering, wanted to learn more about it, and was paid to do so — by The Globe and Mail no less. Here’s the story:
The big headlines.
After much delay, the governments of Canada and British Columbia finally announced their partnership agreement for the real estate industry on Thursday. The agreement includes $3.2 billion towards reducing DCCs by up to 50%, infrastructure funding, and a “Partnership on Condo Conversion.”
In a brief conversation Friday morning, UDI CEO Mike Drummond told me that they were not expecting the condo conversion component, as the industry was more focused on GST relief like what Ontario got. Specifics about the partnership are also currently unknown.
Stayed tuned for my story about the announcement and completed unsold condos issue for The Globe and Mail.
The Build Canada Homes Act has received Royal Assent, officially establishing Build Canada Homes as a Crown corporation.
CMHC published its 2026 Mid-Year Rental Market Update. For Storeys, I wrote about the 6 key takeaways from the report.
There’s a lot of insolvency news.
The Scott Plaza retail centre at 8140 120 Street in Surrey that was placed under receivership last summer has officially been sold, as reported by The Realist last week.
A new insolvency proceeding was initiated last week against Landmark Premiere Properties, as first reported by The Realist, this time on 540 W 65th Avenue and 8120-8168 Lord Street in Vancouver, where Landmark was planning two six-storey rental buildings.
The EagleView Heights luxury condo and townhouse project in Gibsons by Kind Development Group was placed under creditor protection on June 8, according to Insolvency Insider.
Stay tuned for several more insolvency stories.
Tenants of Myron Manor at 75 East 8th Avenue in Vancouver are protesting redevelopment plans by Nicola Wealth Real Estate and Lotus Capital, including protesting outside of Nicola’s recent golf event, according to Vancity Lookout.
The Province launched the First Nations Equity Financing Program, which will provide loan guarantees to help First Nations secure commercial financing to acquire equity in revenue-generating projects within their territories.
Also Mentioned In This Edition: Peterson, Cressey, Strand, CBRE, Colliers, Polygon, Cape Group, Marcon, and more.