GWL Realty Advisors Breaks Ground on Central Lonsdale Rental Homes

Project to bring 91 secured market rental homes to Central Lonsdale

City of North Vancouver, BC; October 3, 2025 – On Thursday, GWL Realty Advisors was joined by Mayor Linda Buchanan for the celebratory groundbreaking of a six-storey secured rental residential building at 140 W 19^th Street in North Vancouver. The project will add 91 professionally managed rental homes, including nine new more affordable rentals, to the bustling Central Lonsdale neighbourhood.

“Breaking ground on this project reinforces our long-standing commitment to creating high-quality rental housing in North Vancouver and across Canada,” said Glenn Way, President of GWL Realty Advisors. “After opening the Bowline in Lower Lonsdale in 2023, we’re proud to continue expanding quality rental options for this growing community.”

Completing in late 2027, 140 W 19^th Street will offer studio, one-bedroom, two-bedroom, and three-bedroom homes designed for families of all sizes. The well-designed units will feature open-concept layouts, abundant natural light, and modern finishes to create a welcoming, contemporary living space. 

The building is designed to foster a strong sense of community through a variety of shared amenities, including a fitness centre, social lounge, co-working spaces, and pet-friendly features such as a dog run and a pet wash station. Reflecting the active, outdoor lifestyle embraced by many North Vancouver residents, the building will also provide ample, well-lit, and easily accessible bicycle storage, as well as bike wash and repair facilities. With its exceptional location, this project makes the most of its proximity to transit, shops and services, urban and natural amenities.

“The groundbreaking of the new six-storey rental building is a welcome step in expanding housing supply and increasing options for our growing community,” said City of North Vancouver Mayor Linda Buchanan. “As housing costs continue to rise, more people struggle to live near where they work. This development will offer much-needed homes to meet the needs of individuals, couples, and families in the vibrant Central Lonsdale neighbourhood. I'm excited to see the project reach the completion stage, as demand for housing has never been greater.”

With a vacancy rate of 1.5% in North Vancouver, GWLRA’s W 19^th project responds to the need for more housing by offering a diverse range of options suitable for families, couples and singles of all ages, as well as adaptable units. Construction will begin immediately and is expected to be completed within 28 months.

GWLRA is developing 140 W 19th on behalf of project owner, Great-West Life Canadian Real Estate Investment Fund (CREIF), which has an interest in 5,300 residential rental units across the country. The Fund’s investment in this project is representative of its ongoing commitment to the housing sector.

GWL Realty Advisors is actively working to help address the housing shortage in major Canadian cities by managing a development pipeline that includes nearly 3,500 residential units across the country in various stages of planning, pre-development, or development. Since 2020, the company has added over 1,500 rental units in key markets demonstrating its commitment to enhancing urban living through thoughtful development.