Howard Chai is a real estate reporter based in Vancouver. He covers the development industry, commercial real estate, and housing policy. He was previously Western Lead at Storeys, where his work has been credited in various publications across the country and nominated for a Jack Webster award.
Despite the state of the Toronto condo market, values are still much higher than seven years ago. As a result, Tridel and the court-appointed monitor for One Bloor West are seeking to cancel existing presale agreements, according to court filings.