The two videos show the building collapsing onto Homer Street, narrowly missing cars and a flagwoman. (CBC)

The owner of a downtown Vancouver property under scrutiny after YouTube videos captured a botched demolition says he won't comment on what happened until the investigation is complete.

The incident made headlines Friday after two videos on YouTube showed two walls of a building under demolition being knocked onto a city street.

The first video shows one wall narrowly missing a car, while the second video shows another wall knocking down a street light pole.

The demolition happened Thursday evening on the southeast corner of Hornby and Helmcken streets. The city and WorkSafe BC are investigating.

Property owner James Schouw said he won't lay blame until he sees the results of the investigation.

"I can't say that anybody did something wrong. … I'd like to know if there was any carelessness, but I'm not assuming that for a second," he said.

Schouw said the demolition was done by a company he hired, Global Excavation and Demolition, and he believes all the necessary permits were in place.

Schouw said his company will delay taking down a second building on the site until it gets approval from the city and WorkSafe BC.

"I just personally want to make sure that, you know, everything is in good order before we proceed," he said.

"So whether that means the last building, the second building, is going to be taken down on Monday morning or Thursday afternoon or even later, I really don't know, but I'd like to make sure that all interested parties are satisfied before moving forward."