News
Published brokerage updates and market posts.
News
Published brokerage updates and market posts.
Surrey is seeking provincial approval to reduce residential development cost charges by 7-9% in 2026, aiming to make housing more affordable. Mayor Brenda Locke emphasizes that this move supports increased home building while investing in necessary city infrastructure.
Richmond city council has approved a comprehensive park plan for the Lansdowne Shopping Centre redevelopment, which will include 4,000 new homes. The first phase of residential development is expected to be approved in early 2026.
A recent panel discussion highlighted how rising oil prices are affecting construction costs in British Columbia, particularly in excavation and concrete work. Experts warn that a declining population and high standing inventory could further complicate the housing market.
The Surrey-Langley SkyTrain extension is set to enhance regional connectivity with eight new stations under construction along a 16-kilometer route. This project aims to significantly reduce travel times and support the growth of surrounding communities.
Vancouver's rental market is experiencing a decline, with one-bedroom rents down 6% and two-bedroom rents down 3.5% year-over-year. Despite this drop, Vancouver remains the most expensive city for renters in Canada.
The City of Delta has sent back two townhouse rezoning applications for revisions, citing concerns over driveway access and compliance with local regulations. The proposals aim for a unified design but face challenges in meeting city requirements.
A recent ruling by British Columbia's Office of the Information and Privacy Commissioner mandates that the City of Vancouver must not disclose the addresses of short-term rental operators, citing privacy concerns. This decision concludes a lengthy freedom of information dispute initiated by housing advocate Rohana Rezel.
Baptist Housing is revisiting its proposal to expand the Inglewood Care Centre, aiming to add 725 new senior housing units in West Vancouver. The updated plan includes a mix of long-term care and independent living options.
Vancouver Mayor Ken Sim has submitted a motion to the City Council to review and potentially cut back on certain climate bylaws aimed at reducing greenhouse gas emissions, citing affordability concerns. The motion will be discussed in an upcoming council meeting on May 20, 2026.
Richmond is looking to utilize five city-owned lots for affordable housing, contingent on receiving federal funding from the Build Canada Homes program. If successful, these projects could provide 470 new affordable rental units.
A new telescope in Chile's Atacama Desert, utilizing Canadian technology, aims to unlock the mysteries of the universe by observing star formation and dark energy. Researchers from various Canadian institutions are involved in this groundbreaking project.
Ontario's Ministry of Health has begun testing 10 asymptomatic individuals linked to a hantavirus outbreak on a cruise ship, marking a significant change in their public health approach. The testing comes after earlier statements indicated that such measures were unnecessary.
