Fab-Form acquires residential property in White Rock

Executive Summary

• Fab-Form Industries Ltd. has acquired a strategic residential property located at 15643 Buena Vista Ave. in White Rock, B.C., for $2,451,645 (inclusive of taxes and fees).
• The 0.41-acre lot will serve as a flagship site and prototype for demonstrating the company's innovative, low-cost housing solutions and construction technologies.
• The acquisition is financed entirely through internal capital with no external debt, and initial development activities are set to begin immediately.

Key Details

• Transaction Value: $2,451,645 (inclusive of taxes and fees).
• Property Details: 0.41-acre residential lot located in White Rock, B.C.
• Closing Date: January 14, 2026.
• Financing: Financed entirely through internal capital; no external debt required.
• Strategic Purpose:
  • To develop a model for smart, low-cost housing.
  • To serve as a live demonstration hub for marketing Fab-Form's product lines.
  • To test and deploy new technologies, specifically Flex-R (flexible under slab insulation and vapour barrier system) and Ever-Slab (advanced slab-forming technology).
• Product Showcase: The site will demonstrate Fastfoot, Insulated Concrete Forms, Fast-Tube, Monopour HD, and Level-R.
• Marketing Plan: Weekly open houses targeting builders, architects, engineers, and homeowners.
• Timeline: Initial development activities begin immediately; prototypes expected to be unveiled later in 2026.
• Facilitator: Macdonald Realty (Surrey/152), with Cory Hunsche PREC representing Fab-Form.

Notable Quotes

• "We look forward to partnering with key players across North America with this exciting development," — Joey Fearn, President.
• "We are excited to leverage this prime location to pioneer the next generation of housing... this acquisition allows us to not only develop and refine our technologies but also to market them in a real-world setting. We envision this property as a model for how innovative materials and technology can make smart, low-cost homes a reality for more Canadians." — Richard Fearn, Founder and Chief Technology Officer.