News
Published brokerage updates and market posts.
News
Published brokerage updates and market posts.
East Broadway between Main and Quebec streets restores four permanent vehicle lanes on June 25, 2026, ending months of severe construction disruption above Mount Pleasant Station, while Broadway between Cambie and Alberta streets prepares for a six-month full closure later this year.
A new Rentals.ca survey reveals that 27% of Vancouver renters now use AI tools like ChatGPT to navigate the city's brutal rental market, yet the data exposes a surprising gap between high-tech search methods and old-school housing priorities.
Prime Minister Mark Carney is defending a proposal to convert 2,200 unsold BC condominium units into affordable housing through a rent-to-own framework, insisting the $1.45 billion plan supports homebuyers rather than bailing out developers facing losses in a slow market. The federal government would contribute 10% of the cost while BC covers the remainder, offering a potential pathway to ownership for residents struggling with down payments in one of Canada's most expensive markets.
With wooden ceiling panels hoisted and train testing underway, Vancouver’s Broadway Subway has shifted from underground promise to physical reality, creating a critical decision window for buyers and sellers in Mount Pleasant and South Granville before the late 2027 opening.
The B.C. Financial Services Authority has issued multiple alerts about Matthew Kuras, a former licensed agent accused of renting Vancouver properties under false pretences and listing them on Airbnb without owner consent, exposing gaps in tenant screening even when credentials check out.
The 50-year-old 'Telus Boot' office tower at 3777 Kingsway is being restored as the centerpiece of King & Park, a 6.6-acre mixed-use community adding 2,500+ homes near the Central Park District. With Phase 1 rentals targeting 2030 completion and potential SkyTrain station discussions resurfacing, the project tests Burnaby's appetite for complex infill development while creating a distinct alternative to Metrotown's density.
Townline Homes CEO Rick Ilich is proposing a compromise to Canada's foreign buyer ban: allow foreign capital back into Metro Vancouver's stalled condo market only if units are professionally rented for five years, a pitch designed to revive construction financing while addressing housing minister Christine Boyle's affordability concerns.
All eight stations of the $5.7-billion Surrey-Langley SkyTrain extension are now under active construction with rail installation beginning, keeping the project on track for a late 2029 opening that will cut commute times from Langley to King George Station from 45 minutes to 22 minutes.
TransLink's Coast Mountain Bus Company has reached a tentative agreement with Unifor Locals 111 and 2200, preventing a strike by 5,000 bus drivers and transit workers during Vancouver's FIFA World Cup hosting period. The deal ensures continued transit service across Metro Vancouver while the city experiences an 18% surge in ridership, protecting property accessibility values in transit-dependent neighborhoods.
Concord Pacific's former Molson brewery site at 1550 Burrard Street has cleared a key hurdle as Vancouver council applies to Metro Vancouver to convert the 2.5-block industrial property to mixed-use urban development, potentially delivering the grocery stores, tech offices and amenities that the neighbouring Sen̓áḵw development lacks.
The Saw Creek wildfire has forced evacuation orders for 15 Lytton properties and closed 115 km of Highway 1 just days before the fifth anniversary of the 2021 inferno that destroyed the town, forcing buyers and owners to confront the ongoing insurance, access, and climate risks of Interior BC real estate.
The Bank of Montreal closed its Prince Rupert branch on June 19, forcing customers to drive 90 minutes to Terrace or switch to online banking, highlighting a growing infrastructure gap in BC's resource communities that poses specific risks for Lower Mainland investors eyeing northern properties.
