News
Published brokerage updates and market posts.
News
Published brokerage updates and market posts.
A new nationwide survey reveals that 67% of Canadian real estate agents report unprecedented client risk aversion driven by U.S. political instability and recession fears, creating a market paradox where declining interest rates are failing to stimulate the expected housing rebound in Greater Vancouver and across Canada.
A new Ownright survey of 1,000+ Canadian agents finds 67% report unprecedented client risk aversion driven by U.S. instability and recession fears, not interest rates—creating a tactical window for prepared Vancouver buyers while forcing sellers to adapt to skeptical scrutiny.
Prime Minister Mark Carney revealed early federal discussions with B.C. to slash development charges on new housing—mirroring Ontario's $200,000-per-unit cost reduction model—during a high-stakes address to the Greater Vancouver Board of Trade that warned stalled provinces will lose investment to other regions.
More than 30 pre-sale purchasers at Burnaby's Eclipse condo tower are asking B.C. Supreme Court to void their contracts, alleging Thind Properties failed to disclose material financial distress—including a $12 million tax judgment and permit suspensions—before the project entered creditor protection, pitting provincial consumer protection laws against federal insolvency proceedings.
More than three dozen pre-sale buyers at Burnaby's Eclipse condo tower — a Thind Properties development forced into creditor protection in January 2025 — have filed B.C. Supreme Court applications claiming their contracts are unenforceable because the developer allegedly withheld critical financial information, including a $12 million CRA judgment, suspended warranty coverage, and a halted building permit. The case pits B.C.'s consumer real estate law directly against federal insolvency legislation, and the outcome could affect how pre-sale contracts are treated across the Lower Mainland.
Prime Minister Mark Carney told the Greater Vancouver Board of Trade on May 21, 2026 that the federal government is in early discussions with the B.C. government about cutting housing development fees — potentially mirroring an Ontario deal that slashed fees by up to 50% and reduced per-unit project costs by as much as $200,000. For anyone watching Vancouver's stalled pre-sale market, this is a policy signal worth tracking closely.
In a significant legal battle, pre-sale purchasers of Burnaby's Eclipse condo tower are seeking to invalidate their contracts due to undisclosed financial troubles of the developer, Thind Properties. This case highlights the challenges facing buyers in a struggling real estate market.
A recent ruling by the BC Supreme Court has sparked intense debate over the stability of private property rights in British Columbia, raising questions about the implications for real estate and investment. This landmark case may redefine the legal landscape for property ownership in the province.
TransLink, TTC, and STM are pressing Ottawa to restore and speed up public transit funding as construction costs rise.
After nearly a decade of development, the Oakridge Park shopping mall in Vancouver is set to open its doors, featuring luxury brands amidst economic challenges. Analysts question whether the market can sustain such high-end retail in the current climate.
A recent off-market sale in Whistler, B.C., exemplifies the power of market knowledge, as agent John Ryan successfully closed a $20.5 million deal before the property was officially listed.
Job action at regional wastewater facilities brings infrastructure costs, utility charges, and municipal budgets into client conversations.
