Alison Zheng
Browse this agent's personal updates and marketing posts from their Luxmore group.
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Recent reports indicate a significant shift in the Greater Vancouver commercial real estate market, with a focus on hotel development and the impact of new retail openings. The region is facing a hotel room shortage, prompting calls for faster development.
Canada has been selected to host the headquarters of the new Defence, Security and Resilience Bank (DSRB), with Vancouver competing against other major cities for the final decision. This initiative is expected to create approximately 3,500 high-paying jobs and enhance the city's global profile.
Metro Vancouver home sales fell 9.8% year-over-year in July 2026, reversing June's brief 10% gain, with apartment sales leading the decline at 18% down. The sales-to-active listings ratio sits at 13%, keeping prices in a narrow holding pattern with benchmark values down roughly 1% monthly and 6% annually.
A B.C. legislative committee has recommended repealing the planned October 1 PST expansion to professional services including commercial real estate, accounting, and engineering—just six weeks before the tax was set to take effect, creating last-minute uncertainty for development costs and transaction planning.
Greater Vancouver home sales fell 9.8% year-over-year in July, reversing June's gains and pushing activity 18.6% below the 10-year seasonal average, while benchmark prices slipped 0.9% month-over-month to $1,088,800.
