Westbank sells stake in massive Squamish Nation housing development in Vancouver – APTN News
Aug 29, 2025
The Squamish Nation says Vancouver-based developer Westbank Corp. has sold its entire stake in its massive Senakw housing project, which broke ground in 2022 backed by a $1.4 billion federal loan for construction.
A statement from the nation says OPTrust, which manages one of Canada’s largest pension funds, has acquired Westbank’s share in the project’s first two phases as part of a restructured partnership.
It says the move means OPTrust and the First Nation share equal ownership in Phases 1 and 2 of the multi-building development in Vancouver’s Kitsilano neighbourhood.
