News
Published brokerage updates and market posts.
News
Published brokerage updates and market posts.
The Bank of Canada holds at 2.25% for a third straight meeting, signaling a 'neutral rate' watch period. Toronto shows early recovery signs while Vancouver faces 56-month low prices and a condo glut.
Richmond entered 2026 with steadier but more selective housing activity as inventory gave buyers more room to compare and negotiate.
A May 6 union release says Vancouver council approved a fast-track rezoning policy for 6-8 storey market rental and hotel development along key corridors.
A Statistics Canada report reveals 16.3% of millennials aged 25-39 lived with parents in 2021, nearly double the 8.2% rate for baby boomers at the same age. Toronto and Vancouver lead with 26.1% and 19.3% respectively, but housing affordability is not the only factor at play.
Airbus Canada will supply AirAsia with 150 Canadian-made A220 jets assembled in Mirabel, Quebec — the largest single firm order in the manufacturer's history. Prime Minister Carney framed the deal as a win for diversifying trade beyond the United States.
Pinnacle International revised its Lougheed plan with taller towers, more market condos, less office space, and a changed affordable-housing strategy.
Broadway Subway construction is creating a months-long full closure at West Broadway and Cambie, while East Broadway near Main is set for partial reopening.
CityNews reported regular gas around $2.30 per litre in Metro Vancouver, with a retail analyst warning that fuel costs may flow through to store prices.
A report cited by NetNewsLedger says mining contributes more than $3.5 billion in annual economic output to Metro Vancouver and Vancouver Island.
A new Rennie Intelligence survey of 1,400 respondents found that over half of end-user buyers prefer townhomes, with the three-bedroom layout as the sweet spot. The report also warns of 3,650 completed-but-unsold condos by end of 2026, an affordability paradox for developers, and markets increasingly driven by equity-rich move-up buyers.
April 2026 data shows the Fraser Valley recorded its first sales increase in over a year (+7% YoY), while Greater Vancouver sales fell 2.5% and sat nearly 23% below the 10-year seasonal average. Detached home sales in Vancouver jumped 14%, but condo and townhome sales declined.
April 2026 data shows the Fraser Valley recorded its first sales increase in over a year (+7% YoY), while Greater Vancouver sales fell 2.5% and sat nearly 23% below the 10-year seasonal average. Detached home sales in Vancouver jumped 14%, but condo and townhome sales declined.
