Senakw Tower 1 Leasing at $9,070 for Penthouse Units: One-Third Rented in Weeks Despite Market Softening

Senakw’s Tower 1 began welcoming tenants on June 1, 2026, with leasing activity accelerating rapidly despite public backlash over premium pricing. As of June 26, approximately 100 of the 27-storey tower’s 400 units—nearly one-third of the inventory—had been leased, according to Nch’ḵay̓ Development Corporation, the Squamish Nation’s economic development arm overseeing the project. The market rental component includes 333 units with asking rents ranging from $1,735 for a 365-square-foot studio to $9,070 for a three-bedroom penthouse spanning 1,290 square feet on the 25th level. A four-bedroom unit initially listed at $12,500 was temporarily removed from the website after the pricing was published prematurely, though the development team confirmed strong interest in these "Signature" units from prospective long-term tenants, including those in the film and television production sector.