About 635 Broughton St.
GWL Realty Advisors, on behalf of Canada Life, is leading the redevelopment of the aging Broughton Square Parkade into a new purpose-built rental community in downtown Victoria. The project will replace the 65-year-old parkade with a modern, sustainable mixed-use building that provides much-needed rental homes and ground-floor retail space, supporting the city’s goal of a vibrant, livable downtown.
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This long-term investment will deliver approximately 375 new mid-market rental apartments — ranging from studios to family-sized units — designed for residents of all ages and lifestyles. These homes will not be condominiums or luxury units, but high-quality, professionally managed rentals that expand housing choice for local residents.
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The development will also enhance the public realm, including a new plaza beside the neighbouring church to celebrate its heritage character and provide welcoming community space. Sustainable design is central to the project, with energy-efficient systems and low-carbon materials that meet GWL’s high environmental standards.
Currently in the early stages of planning and community consultation, the project will proceed through the City’s approval process with multiple opportunities for public input before construction begins. Once underway, construction is expected to take approximately 2–3 years.
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Through this redevelopment, GWL aims to create a long-lasting, well-managed, and environmentally responsible addition to Old Town — bringing new homes, shops, and vitality to the heart of Victoria.
Our team
GWL Realty Advisors Inc. (“GWLRA”) is a real estate investment and
management company who creates stable investment returns for
pension funds and institutional clients through long-term investment
in, and proactive management of, real estate assets. As a national real estate services firm, our practice is to acquire, develop and maintain sustainable, accessible and best-in-class buildings, as well as to offer excellent service to the residents and tenants of those buildings.
Established in 1965, Musson Cattell Mackey Partnership has grown to be one of British Columbia’s most respected architectural practices, with an extensive portfolio of complex and acclaimed projects in response to the needs of a loyal and varied clientele. The firm’s approach as a team player combines a strong design orientation with a depth of solid expertise in programming, interior design, construction methods, cost control, local code requirements, contract administration, sustainable techniques, integration of technology, and various methods of project delivery.
SvN is a multidisciplinary design firm working to solve the greatest challenges faced by rapidly growing cities around the world. SVN is committed to building regenerative communities, fostering the economic, social, cultural, and environmental impacts needed to move our world forward.
Location
635 Broughton is centrally located in the heart of downtown Victoria, nestled between the major arterials of Douglas Street (Highway 1) and Government Street. The property’s excellent location within the central business district provides excellent exposure to the city’s tourist areas.