Michael Drummond
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Michael Drummond is the CEO of the Urban Development Institute, a Vancouver-based organization that represents the interests of the real estate development industry. Recently, he has been in the news for expressing concerns about the British Columbia government's plan to convert vacant condo units into affordable housing, highlighting the lack of implementation details regarding the initiative.
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Recent news mentions
Michael Drummond, CEO of the Urban Development Institute, commented on the announcement regarding unsold condos.
Critics deride federal-provincial plan to buy unsold condos in B.C.The Globe and Mail·
Canada· 2026-06-29
Canada· 2026-06-29
Michael Drummond, CEO of the Urban Development Institute, expressed concern about the B.C. condo plan in an open letter.
Converting B.C. condo units to affordable housing will cost about $1.45-billion, Carney saysThe Globe and Mail·Canada· 2026-06-25
Canada· 2026-06-25
