A new report by Rennie is raising alarm bells for Metro Vancouver’s condo market: we could see a 60% spike in unsold inventory by the end of 2025. Yes, you read that right—thousands of brand-new condo units may sit empty…
The Vancouver real estate market is undoubtedly slower than usual, but that doesn’t mean people have stopped buying. In fact, just last month alone, over 2,000 properties were purchased across Metro Vancouver. So, who exactly is buying real estate in…
The difference between household income and what homebuyers can actually qualify for in Vancouver continues to widen — making homeownership increasingly out of reach for many. According to a new report from Ratesdotca, a provider of digital insurance and financial…
The Vancouver real estate market is undergoing a major shift. Just a few years ago, many Vancouver developers moved away from condo sales and into rental projects due to strong demand and rising rents. However, the landscape has changed, and…
The Bank of Canada has officially lowered its benchmark interest rate to 2.75%, marking its seventh consecutive cut. While this move is expected to provide some relief for homeowners renewing their mortgages, experts remain skeptical about whether it will truly…
Bank of Canada Lowers Interest Rate Amid U.S. Trade War Concerns The Bank of Canada has reduced its overnight lending rate by 25 basis points to 2.75% as ongoing trade tensions with the U.S. begin to impact the Canadian economy.…
As we step into March 2025, Metro Vancouver’s real estate market is showing signs of balance after a surge in new listings earlier in the year. If you’re a buyer or seller, understanding these latest trends will help you make…
The Canadian housing market has been a hot topic for years, with skyrocketing prices making it increasingly difficult for young buyers to enter the market. But what if an economic shift—such as a trade war—could change that? While it may…
British Columbia’s housing market is set for a year of mixed results in 2025. While resale activity is expected to rebound after years of slowdown, the rental market will likely experience softening with higher vacancy rates. Meanwhile, new home construction…
The City of Vancouver is taking a bold step in tackling the housing crisis by launching a market rental housing strategy that could redefine urban development in Canada. Announced by Mayor Ken Sim, the plan involves building 4,300 market rental…