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The MLA and longtime Indigenous leader died August 28 at the age of 74.
There were 19 victims, most of whom were "investors" from the South Asian community.
The quintet branded their new venture a "stable, serious alternative to the NDP."
"If this city doesn't give people somewhere to find joy and community, they'll find something else," he warned.
A press conference has been scheduled for Friday morning so officers can provide more details.
The former Vancouver mayor and Canadian senator was appointed to find solutions to the crises in the neighbourhood last September.
Now-former MLA Reann Gasper has been promoted to Delaney's position.
COPE mayoral candidate Stephanie Allen ended her campaign earlier Wednesday.
Columbia River-Revelstoke MLA Scott McInnis is leaving the BC Conservative caucus to sit as an Independent, becoming the ninth MLA to depart the party in just 19 days.
She urged OneCity and the Green Party to follow suit.
"My principles have not changed," she said. "What has changed is my confidence in Kerry-Lynne Findlay's leadership."
When asked to "unequivocally" state that he would not call a fall election, Eby dodged the question.
"We know that housing is a human right, but governments and the housing industry have failed to treat it as one," Allen lamented.
Bhangu said his focus remains keeping the Conservatives together and defeating the NDP in the next provincial election.
Warbus is the seventh MLA to leave the party in 17 days.
"Person after person has informed me they have decided that our new leader is unelectable," Banman said.
The BC Conservatives have until January 25, 2027 to collect the required signatures.
Day said he had "lost confidence in the judgment, conduct, and ethical standards" of Findlay's leadership "and those she has chosen to surround herself with."
"I cannot continue to sit in a caucus led by someone who has questioned my loyalty without evidence and, when given the opportunity to correct the record, has failed to do so," Wat lamented.
Eby's words came less than an hour after Prince George-Valemount MLA Rosalyn Bird announced her departure from the party, the third to do so in 11 days.
The CTF is calling on the BC government to close the Luugat supportive housing building after it cost $101,000 to operate in July with one resident remaining.
"We know what we're doing," Findlay declared.
"Political parties play an important role in our democracy," she said, "but they are vehicles for our values; they cannot become substitutes for them."
"We now have a stronger team than before," Findlay said.
A six-figure bill to keep a nearly empty Vancouver supportive-housing building open has drawn scrutiny over public spending. Sitka Media took a closer look at what’s behind the $101,000 figure.
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