Construction progresses on a new 18-storey student housing tower in Vancouver backed by government-sponsored financing.
Vancouver, British Columbia, September 2, 2025
A Vancouver student housing operator reported a transformative fiscal year and advanced two major construction projects, including an 18‑storey tower with government‑sponsored financing and a large education complex in Surrey. The firm secured substantial government-backed mortgages and reported near-zero vacancy across its portfolio. Meanwhile, a new provincial short‑term rental registry prompted thousands of automated listing cancellations and host complaints ahead of registration requirements. Separately, a property‑tech platform to protect seniors from financial abuse neared launch, a transit agency partnered with a microbrewery on a limited beer release, and a health-tech firm earned national growth recognition.
A Vancouver-based student housing and education company reported a transformative Fiscal 2025, selling a college business unit and strengthening its balance sheet while locking in government‑sponsored construction financing for multiple projects. The company completed a divestiture in August that generated roughly $35 million in net proceeds and secured about $178.8 million in Canada Mortgage and Housing Corporation (CMHC) sponsored mortgages during the year.
The firm emphasized a renewed focus on providing rental apartments for students in British Columbia, citing a student pool of over 0.5 million potential renters in the province and reporting a near‑zero vacancy rate across its student housing portfolio as of August 31, 2025. Construction of an 18‑storey student residence in the Oakridge area began in February 2025, with a total build budget of $123 million and a targeted early‑2027 completion. Another major project, an education mega centre in Surrey, has received a development permit and carries an estimated construction budget near $330 million, with a CMHC financing application contemplated.
The provincial rollout of a new short‑term rental registry, designed to limit short‑term listings to primary residences and certain additional units, triggered thousands of automatic or platform‑initiated booking cancellations ahead of the registration deadline. Hosts reported a range of problems, from misformatted addresses causing system rejections to administrative mismatches such as vehicle registrations tied to former addresses.
Platform operators estimated they canceled many bookings in the lead‑up to the deadline, citing the registry’s technical restrictions. Some hosts said they were contacted by platforms about potential cancellations rather than being reached directly by the regulators. Municipal responses noted a large share of applications were being approved, and the provincial system allows back‑end corrections for address formatting and other discrepancies. Appeals and administrative queues were reported in some cases, leading to delays of weeks to months for affected hosts.
A mobile clinical services operator that offers an integrated platform including electronic medical records, telemedicine and mobile booking has been recognized on a national technology growth ranking, placing in the top 10 for 2024 after posting dramatic multi‑year revenue growth. The operator reportedly has thousands of nurses and more than one hundred doctors in a cross‑country network, and leadership credited technology investments for the expansion.
A regional transit agency entered a small commercial partnership with a local brewery to produce a limited run beer inspired by commuter rail service branding. The brew was offered in four‑pack cans at the brewery and select liquor stores, with the transit agency framing the initiative as a way to support local business and explore new revenue streams.
Separately, a technology effort aimed at protecting older homeowners from financial abuse is in late‑stage development. The proposed digital platform would allow people to consolidate verified property and asset details, designate trusted advisors, and create a transparent audit trail so that authorized users can see when others make changes. Developers say the platform is intended to be free to use for end users, secured to permit only authorized sign‑ins, and built to prevent staff access to personal records.
In construction‑related terms, proponents argue such tools could reduce rushed or off‑market transactions that sometimes occur after illness or the death of a partner, and could make verified property histories and government records more accessible to trusted fiduciaries.
A subscription‑based public relations and investor relations software package in market is presented as an all‑in‑one solution for press distribution, journalist list building, customized pitching, monitoring brand and competitor mentions, webcast services, and investor meeting scheduling. The vendor offers monthly and annual plans, API access for high‑volume legal customers, bulk discounts for partners, and services ranging from content optimization to ongoing list and analytics support. The provider states its platform is designed to meet regulatory requirements and to simplify billing and reporting. These claims are promotional in nature and reflect the vendor’s positioning of its product.
The combined activity signals a near‑term construction pipeline for student housing in the region backed by government‑sponsored financing and strengthened private balance sheets. At the same time, short‑term rental regulation and registry teething problems are affecting property hosts and bookings, underlining the need for clear administrative processes and testing before large rollouts. Technology entrants and partnerships continue to shape services tied to real estate and health delivery, with potential implications for local contractors, service providers and property managers.
The company sold an education business unit and received proceeds that were used to reduce financing costs and support development projects. It also secured CMHC‑sponsored mortgages for existing and new builds.
Construction began on an 18‑storey student residence with an expected early 2027 completion and a build budget around $123 million. A Surrey education mega centre has a development permit and an estimated budget near $330 million; financing applications are being considered.
Automatic cancellations and platform prompts arose because a new provincial registry requires valid registration numbers and compliance with rules limiting short‑term rentals to primary residences and certain additional units. Technical mismatches and formatting issues contributed to rejections.
A digital platform under development would centralize verified property and asset data, allow controlled sharing with trusted advisers, and show activity logs to spot unusual changes, aiming to reduce financial exploitation.
Yes. Recognized tech firms and new platforms are expanding services such as mobile clinical networks, PR/IR software for disclosure and outreach, and property‑data tools that could affect how assets are recorded and verified.
| Topic | Key facts | Timeline / Status |
|---|---|---|
| Student housing operator | Divestiture generated ~$35M; CMHC financing ~$178.8M; near‑zero vacancy; Oakridge 18‑storey project budget $123M | Oakridge construction started Feb 2025; target early 2027 completion; Surrey EMC has development permit |
| Short‑term rental registry | Registry limits rentals to primary residences; thousands of ledgers or bookings flagged; hosts report formatting and eligibility issues | Provincial deadline implementation phase; remediation and appeals ongoing |
| Mobile clinical network | Integrated EMR, telemedicine and mobile booking; rapid revenue growth and national tech ranking | Operating with multi‑state network; recognized in 2024 growth list |
| Transit‑brew partnership | Limited‑run commuter themed beer; small batch distribution through brewery and select stores | Product released mid‑year for local sale |
| Senior asset protection platform | Centralized, secure asset records; shared access for trusted advisers; activity transparency to detect unusual changes | Late stages of development; consultations with public and private stakeholders underway |
| PR/IR software offering | Subscription plans, distribution and outreach tools, API for high‑volume users, content optimization and analytics services | Available with monthly/annual plans; vendor claims regulatory alignment and support services |
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