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Iconic Properties Group

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07/28/2026

Vancouver’s skyline could soon look very different.

City Council has approved Holborn Group’s major redevelopment of the former Hudson’s Bay parkade block at West Georgia and Seymour streets. The project is anchored by a 68-storey, 315-metre hotel tower featuring 920 rooms, conference facilities, and a publicly accessible observation deck. If completed as proposed, it would become the tallest building in Western Canada.

Two additional residential towers would introduce approximately 1,546 market homes, alongside new retail space and a public plaza. A separate 26-storey building at 388 Abbott Street is proposed to provide 237 social housing units, childcare facilities, and cultural and commercial space before being transferred to the City.

Approved by a 7–3 Council vote, the development represents a significant shift in Vancouver’s approach to downtown height and density. However, rezoning approval is only one milestone, with detailed design, permitting, aviation restrictions, financing, and construction still ahead. The first phase is not expected to begin until approximately 2030.

What do you think—an exciting new chapter for Vancouver’s skyline, or too much height and density for the downtown core?

07/23/2026

A familiar piece of Vancouver’s roadside history may soon give way to one of Kingsway’s largest rental housing developments.

The City of Vancouver is proposing to redevelop the 2400 Court Motel site with four towers ranging from 18 to 28 storeys, adding 863 market-rental homes alongside ground-floor commercial space, a 37-space childcare facility, community programming space and a 20,000-square-foot public plaza.

Built in 1946 and purchased by the City in 1989, the motel has long been recognized for its bungalow-style architecture, prominent neon sign and connection to Vancouver’s post-war automobile culture. While the existing buildings would be removed, the proposal intends to restore and relocate the iconic sign as part of the new public realm.

The project reflects a broader shift in how Vancouver is looking to use publicly owned land—leveraging higher-density market rental development to generate long-term revenue, support public amenities and contribute to the city’s housing supply.

As Kingsway continues to evolve, the proposal highlights the ongoing balance between preserving neighbourhood history and accommodating the next generation of urban growth.

07/17/2026

JUST SUBLEASED | #108 – 12332 Pattullo Place, Surrey

The 816 SF upper-floor office at #108 – 12332 Pattullo Place has been successfully subleased to Trauma Tech, an emergency response and safety training school.

Featuring large windows, abundant natural light, open views, a private kitchen, and washroom, the space provides a bright and functional environment well suited for professional and educational use.

IPG represented the Sublandlord in the transaction.

Congratulations to all parties involved.

07/15/2026

BANK OF CANADA HOLDS RATE AT 2.25%

The Bank of Canada has maintained its policy interest rate at 2.25%, marking its sixth consecutive rate hold.

For real estate, the decision provides continued stability for buyers, homeowners, investors and developers. Borrowing costs remain relatively predictable, while the Bank reports that housing activity—although still subdued—is beginning to show signs of stabilization.

Canada’s economy is also showing renewed momentum, supported by resilient consumer spending and improving business activity. However, elevated energy prices, inflation and ongoing uncertainty surrounding U.S. trade policy remain key factors to watch.

For the real estate market, the message is stability rather than immediate acceleration. Buyers can plan with greater certainty, sellers may benefit from improving confidence, and investors can continue assessing opportunities without the disruption of a sudden rate change.

The Bank of Canada’s next interest-rate announcement is scheduled for September 2, 2026.

07/14/2026

The debate over who owns B.C.’s farmland is gaining new attention.

According to a recent report by The Tyee, a company co-owned by two American billionaires has acquired 25 properties and approximately 3,500 acres near Dunster, a small agricultural community north of Valemount. Many of the acquired homes reportedly remain vacant, prompting residents to raise concerns about declining populations, farmland affordability and the long-term sustainability of their community.

The issue extends beyond foreign ownership. Agricultural land is increasingly being viewed as a stable, long-term investment by corporations, investment funds and other large-scale buyers. With less than five per cent of B.C.’s land considered farmable, the discussion raises important questions about land use, food security and whether additional ownership protections are needed.
Real estate is more than an asset. How land is owned and used can shape the future of an entire community.

What role should regulation play in protecting B.C.’s agricultural land?

Source: The Tyee

07/01/2026

Happy Canada Day! 🇨🇦

Today we celebrate the communities, opportunities, and people that make this country home.

Wishing everyone a safe and enjoyable Canada Day from all of us at Iconic Properties Group.

06/26/2026

A major downtown Vancouver landmark has officially changed hands.

According to The Realist, Onni Group is acquiring the former Hudson’s Bay building at 674 Granville Street for $112.5 million. The property was originally brought to market with price guidance of $225 million, meaning the final sale price came in at a significant discount.

The 1.76-acre site includes over 617,000 SF of gross leasable area across seven above-grade levels and two underground levels. Built in 1913, the Edwardian-style building was one of Hudson’s Bay Company’s original flagship department stores and remained Vancouver’s flagship location until June 2025.

While Onni’s plans for the site have not been confirmed, the building’s heritage façade will likely need to be retained. With no rezoning or development application submitted yet, the future of this landmark property remains one of the biggest downtown real estate stories to watch.

This sale is a clear signal of where the market is today: landmark assets still attract major buyers, but pricing has reset significantly from previous expectations.

06/22/2026

Metro Vancouver has thousands of completed condos sitting empty, and now the government is looking at buying unsold units to convert them into affordable housing.

On one side, supporters say this could be one of the fastest ways to bring housing online without waiting years for new construction.

On the other side, critics argue it risks becoming a taxpayer-funded bailout for developers who built product the market can’t currently absorb.

The real question:�Will this create affordable housing at a true discount, or will it keep prices artificially supported?

Either way, this is a major signal for the condo market, developers, buyers, and investors across B.C.

06/12/2026

JUST LEASED | 5744 198 St, Langley

Iconic Properties Group is pleased to announce the successful lease of 5744 198 St, Langley.

This 19,182 SF I1-zoned property will soon be home to a new pickleball and badminton court facility, bringing an exciting recreational use to the Langley community.

Proud to have represented the Landlord in this transaction.

For leasing opportunities, contact Iconic Properties Group.

Address

130-3700 N Fraser Way
Burnaby, BC
V5J5G7

Website

https://www.iciconic.com/

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