Arpeg Secures Financing for 208 New Residential Units in New Westminster & Victoria
At Arpeg Group, we are proud to announce a major milestone in our commitment to delivering high-quality, community-driven housing across British Columbia. CMLS Financial has successfully arranged conventional financing for two of our latest multi-family developments, adding 208 new residential units in New Westminster and Victoria.
Expanding Housing Opportunities in BC
Since 1956, Arpeg has been dedicated to developing, owning, and operating real estate that provides long-term value for both residents and communities. These new projects will increase rental housing supply in two of BC’s key urban centers, offering modern, well-designed living spaces in vibrant, connected neighborhoods.
The Beverley – New Westminster
📍 510 Agnes Street, New Westminster, BC
Located in the heart of New Westminster, The Beverley is a 19-story rental community featuring:
150 modern units: 14 bachelor, 95 one-bedroom, 30 two-bedroom, and 11 three-bedroom suites
Pet-friendly policies
Rooftop amenities including BBQ areas with city views
A strong sense of community, fostered by events such as pet training sessions and resident gatherings
Built in 2020, The Beverley continues to be a premier choice for urban professionals, families, and newcomers to New Westminster.
Fairfield Block – Victoria
📍 1601 Douglas Street, Victoria, BC
A heritage restoration project, Fairfield Block is an iconic downtown Victoria landmark being carefully renovated to balance its original character with modern updates. Expected for occupancy in Q2 2025, this project will introduce affordable single-room housing, ideal for students and young professionals.
Key features include:
59 private single rooms with shared amenities (kitchen, bathrooms, and common areas)
Pet-friendly living environment
Award-winning heritage preservation, recognized by the Hallmark Heritage Society
Partnering for Success
We extend our gratitude to CMLS Financial for their expertise in securing funding for these developments. Strong partnerships like these allow Arpeg to continue delivering housing solutions that enhance communities across BC.
Looking Forward
With a portfolio of over 750 units across the Pacific Northwest, Arpeg remains committed to sustainable development, long-term property management, and community investment.
For leasing inquiries or to learn more about our projects, contact us at renting@arpeg.com.
📢 Stay tuned for more updates on our growing portfolio!
