Urban Development Institute

On June 9, join us for a virtual luncheon w/Benjamin Tal. Get a breakdown of what’s shaping the market & what it means for development decisions. We’ll cover interest rates, capital flows, demand trends, timing & risk in this environment. Register: udibc.glueup.com/event/new-mark…

Under his leadership, UDI has strengthened its advocacy efforts and public voice on housing and economic policy issues across the province. Please join us in congratulating Michael on his appointment. 2/2

We are pleased to announce that @Mike_Drummond has been appointed CEO of @udibc. He previously served as Executive Vice President before stepping into the Interim CEO role during one of the most critical periods in B.C.’s housing sector. 1/2

The HCA needs modernization, but reforms tied to housing, infrastructure & resource development cannot move forward without industry confidence in the process. When multiple sectors raise concerns about transparency, timing & consultation, govt should pause & reset.

This is not a typical market cycle. Join us on May 21 for Finance Forum: Navigating the Market Reset. See what’s getting financed, where deals are stalling, & how risk, returns & strategy are shifting. Speakers from @shape_group @wesgroup @RBC shorturl.at/jKJUm

“Uncertainty is the enemy of investment, and right now B.C. is manufacturing it," says @udibc's Mike Drummond. "This was not a serious or good faith engagement effort," says Chris Gardner from @icbabc Good overview of latest on BC's Heritage Act by @iamkennethchan

B.C. local governments and businesses reject secrecy around Indigenous heritage law reforms dailyhive.com/vancouver/bc-h…

🎙️ ECABC Conference & AGM Speaker Showcase Introducing the third panelist for our Construction Insights Panel, @Mike_Drummond, Interim President and CEO of the @udibc. This panel will bring their insights into the current and future state of the construction industry, including what factors and policies are influencing their sectors. Michael will bring an important perspective on the challenges facing the development industry, with a focus on what's happening with residential construction. Join us for ECABC's flagship event to strengthen the operational, legal, strategic, and technological resilience of your company. Registration closes on May 22! Don't miss out and reserve your spot! eca.bc.ca/agm

When @UBCM, @udibc, the @MA_BC, @AME_BC & @icbabc all refuse to sign NDAs tied to proposed Heritage Conservation Act changes, it raises serious concerns about the process. Major legislation requires meaningful consultation & transparency, not closed-door decision making.

.@rparmar_BC suggests reforms on Heritage Conservation Act may not come this fall. Comes after @UBCM @udibc @ICBA Ass of BC Mineral Explortation and Mining Association of BC saying they refuse to sign NDAs to do consultation b/c disagree with direction and want freedom to speak.

At @udibc to hear top notch panel comprising Vancouver's Josh White, Coquitlam Andrew Merill, Burnaby's Johannes Shumann and moderator Tracey McCrae from @TheAnthemWay. "No one can live in an approval.

Mike Drummond of @udibc explains how imposing PST on a wider range of goods and services will impact housing development in BC: “[On] a 20-storey, 300-unit rental building, this measure adds $275,000 in upfront construction costs, $20,000 in additional annual operating costs.”

Past record construction means a future supply gap, with a potential “air pocket” of no new units hitting the market around 2027–28. 4/4 #bchousing #bcpoli #realestatedevelopment

2) BC’s population has dipped over the last two quarters, but household spending remains strong, suggesting resilience despite demographic headwinds. 3/4 #bchousing #bcpoli #realestatedevelopment

BC’s development market may be facing headwinds, but the data shows a clearer path forward. @udibc welcomed Robert Hogue, Assistant Chief Economist at @RBC for a timely discussion on what lies ahead for BC’s housing &development market. 1/4 #bchousing #realestatedevelopment

@udibc's Economic Insights with @RBC's Robert Hogue starting now at @FairmontWF #bchousing #bcpoli #bcrealestate

A full house & an engaging look ahead for the #CapitalRegion. Thanks to @AndrewRamlo & Tony Zarsadias at @rennieintel for joining us at the Annual Rennie Market Update Luncheon to share insights on the economic, demographic & housing trends shaping our region.#bcpoli #bchousing

Grateful to receive support for Bill M216 from CEO & Founder of @Townline_Homes Rick Ilich. “By streamlining processes and enhancing local capacity, this proposed legislation helps us move closer to the shared goal of building more homes, faster.” #Nanaimo #Lantzville #BCpoli

Grateful to receive support for Bill M216 from Homes for Living YYJ. A community housing advocacy group. “To meet affordability goals, we must ensure that it is faster and easier to build dense infill housing rather than suburban sprawl.” #Nanaimo #BCPoli #Lantzville