Native gains
Property Report|August - September 2020
An indigenous-led real estate development in central Vancouver strikes a blow for the marginalised while easing the Canadian city’s chronic housing crisis and appealing to Asian buyers
Steve Finch

After the Squamish gave up all claims to a key piece of land in Vancouver back in 1947, hope they might one day develop the site into a multi-billion-dollar high-rise development seemed far-fetched.

This indigenous tribe from Canada’s western coast had witnessed their villages being razed to the ground and later occupied by the Canadian railway.

Then, in November last year, following decades of legal battles and disagreement over how to use the prime 11.7-acre plot, the Squamish overwhelmingly voted among themselves to develop the site.

The result: detailed architectural plans for 11 futuristic-looking residential towers featuring indigenous art and cascading plants. Named Senakw, the ambitious development could transform Vancouver’s notoriously lacking— and expensive—housing rental market.

Squamish Nation, the organisation representing the group, says as many as 5,400 units could be made available to renters—nearly double the net gain in rental properties coming on the market during the eight years up to 2018.

“This becomes a prototype, an example of what’s possible when we think bold and design big,” points out the single-monikered Squamish councillor Khelsilem, also known by his non-indigenous name Dustin Rivers. “Maybe it starts to break the glass ceiling on the conversation around what should be done around housing and density.”

Indeed, the future sustainable, mixed-use development set to rise on Squamish reserved land beneath Vancouver’s Burrard Street Bridge will not only be unique but could potentially draw foreign investment attention to Vancouver.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM PROPERTY REPORTView All

Taking flight

Home to Jakarta’s international airport, Tangerang is emerging as a viable investment option thanks to its lifestyle and infrastructural perks

4 mins read
Property Report
June - July 2021

Portion control

As China’s central government aims to rein in runaway real estate prices, new measures will restrict land auctions to three per year in large cities including Beijing and Shanghai

4 mins read
Property Report
June - July 2021

SUN, SEA AND SANDS

The elements come together to make Manila’s SMDC Sands Residences one of the most auspicious property investments of 2021

3 mins read
Property Report
June - July 2021

SHOT IN THE DARK

Thailand’s pandemic nightmare is not yet over. And with national vaccination efforts proceeding slowly, investor confidence in the country’s real estate market is suffering

7 mins read
Property Report
June - July 2021

LET THERE BE LIGHT

By converting empty soft-drink bottles into solar lamps, Illac Diaz has illuminated the lives of people in rural areas around the Philippines and beyond

6 mins read
Property Report
June - July 2021

Dividends in division

With an emboldened Israel pushing forward with its construction of illegal settlements in Palestinian territory, one of the world’s most disputed areas has become the site of an unlikely real estate boom

5 mins read
Property Report
June - July 2021

DESIGNS FOR LIFE

A teenage prodigy from a family of architects, Medi Korasani continues to hone his passion for design as director of Melbourne-based DW Architects & Interiors

6 mins read
Property Report
June - July 2021

Everything's Gone Green

With sustainability in sharper focus than ever before, visionary entrepreneurs around Asia are helping to steer the real estate industry on a mindful track

10 mins read
Property Report
June - July 2021

Proving Its Mettle

Silver linings have been hard to find for debt-distressed Sri Lanka recently, but the resilience of its property sector provides at least some grounds for optimism

8 mins read
Property Report
June - July 2021

Healthy Working Culture

With its green credentials and high-tech trimmings embodying modern office development, The PARQ provides an urban oasis in Bangkok for its tenants

6 mins read
Property Report
June - July 2021
RELATED STORIES

R&R for an RN IN BRITISH COLUMBIA

A mid the chaos of the COVID-19 pandemic, I needed to find the quiet serenity that comes on two wheels. As a nurse educator in a trauma-based tertiary hospital, I’m deep in the trenches, responsible for disseminating information and implementing health regulations to frontline workers. Inundated with fear from global news, increasing numbers of the infected, lack of resources, and a palpable universal panic as the world began to shut down, I needed to be away from it all for a while.

6 mins read
Adventure Motorcycle (ADVMoto)
March - April 2021

Points North

For passengers to Alaska, the rush begins.

4 mins read
Global Traveler
March 2021

SMALL BOAT CRUISE: Nootka Sound

I designed and built my 18-foot sail and-oar boat, Fire-Drake, with a major adventure in mind—rowing and sailing British Columbia’s Inside Passage in 2016 and 2017.

10+ mins read
Small Craft Advisor
September - October 2020

Need for tighter port security driving new demand for patrol boats

Security vessels for civilian operators have been getting a lot more attention in recent years, and that has been driving a wave of purchases.

6 mins read
Professional Mariner
June/July 2020

INSIDE AND OUT

TOR JOHNSON SAILS WITH HIS FATHER, SISTER AND FRIENDS ON A VOYAGE OF REDISCOVERY AROUND SPECTACULAR VANCOUVER ISLAND

10+ mins read
Yachting World
June 2020

TSB faults BC Ferries' crew practices in rescue boat accident

The Transportation Safety Board of Canada (TSB) has determined that informal crew practices and insufficient supervision were contributing factors in a training accident on a BC Ferries vessel.

3 mins read
Professional Mariner
April 2020

ON THE ROCKS

Eye on Happenings

7 mins read
Rock&Gem Magazine
April 2020

Howling Hounds

A Cougar Hunting Adventure

8 mins read
Successful Hunter
March - April 2020

SEEING IS BELIEVING

FORMER NBA ALL-STAR SHAREEF ABDUR-RAHIM GRACED THE PAGES OF SLAM DURING HIS PLAYING DAYS. NOW IT’S HIS SON’S TURN TO SHINE. INTRODUCING THE NEXT IN LINE: JABRI ABDUR-RAHIM.

3 mins read
Slam
January - February 2020

Paloma Patron

Tell us a little about yourself?

1 min read
Playboy Sweden
December 2019