The Curv | 178.5m | 60Fl | Proposed

[whatnext]

Great to see Premier Eby forcefully reject developers' moaning over blocking foreign buyers and specifically singling out Curv as symbolic of part of the problem we now find ourselves in:

'That model is dead': B.C. Premier, housing minister rebuff developers' request for foreign real estate investment
"We are not going back to the Wild West days of empty condos, and foreign investment racking up the prices," said B.C. Housing Minister Christine Boyle
Author of the article: By Dan Fumano
Published Jul 30, 2025

“We are not going back,” Premier David Eby and Housing Minister Christine Boyle said Wednesday when asked separately about a push by large developers to get government to allow more foreign investment in real estate.

In a letter Tuesday, some of the biggest names in B.C. real estate asked the federal government to reconsider its ban on foreign entities purchasing residential property in Canada, and for the B.C. government to reconsider its tax on foreign buyers....

... On Wednesday, Boyle said she wouldn’t comment on what the federal government should do, “but certainly here in B.C., we’re not going to stop cracking down on speculation. We don’t want to go back to the days when foreign investors were buying up empty condos and leaving neighbourhoods empty and pushing up the prices for people and families.”..

... Eby, asked about the letter Wednesday, said he shares concerns about declining housing starts in some segments of the market but doesn’t believe the answer is bringing huge amounts of foreign money back into B.C....

“I accept that the old model of doing things is not working anymore. And frankly, I say good.

“If you want to see what the old market did, look at the CURV building project in the West End of the city of Vancouver, a site that started at $16 million by local developers that ended up being sold for $69 million after international money got involved. It was completely stupid and disconnected from what the local market can support.”...(bold mine)

https://vancouversun.com/opinion/col...ate-investment