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Squamish Nation Takes Full Control of Senakw Housing Project

8/30/2025

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Summary

Story summary

Vancouver's Squamish Nation has gained full ownership of Phases 3 and 4 of the Senakw housing project, while OPTrust retains a 50% stake in Phases 1 and 2.
The project, supported by a $1.4 billion federal loan, aims to deliver over 6,000 rental units, including affordable housing.
Westbank Corp. has withdrawn from the project, increasing the Squamish Nation's economic independence.

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Story summary

Vancouver's Squamish Nation has gained full ownership of Phases 3 and 4 of the Senakw housing project, while OPTrust retains a 50% stake in Phases 1 and 2.
The project, supported by a $1.4 billion federal loan, aims to deliver over 6,000 rental units, including affordable housing.
Westbank Corp. has withdrawn from the project, increasing the Squamish Nation's economic independence.