News
Published brokerage updates and market posts.
News
Published brokerage updates and market posts.
The City of Surrey is proposing a reduction in development cost charges to stimulate housing construction while maintaining funding for essential infrastructure. If approved, residential development charges could decrease by 7-9% compared to 2024 levels.
Cobie Smulders, known for her roles in 'How I Met Your Mother' and 'The Avengers', has unveiled her stunning home in British Columbia, which is speculated to be near Whistler. The property features breathtaking views and a private lake, showcasing her dream of living in the wilderness.
Industry groups are backing Vancouver Mayor Ken Sim's proposal to amend natural gas restrictions, arguing it will alleviate housing costs for residents and businesses. The proposed changes aim to restore consumer choice in water heater replacements and pause certain energy regulations.
The City of Vancouver is set to implement significant changes to its rental housing zoning policies to facilitate the construction of six-storey rental buildings, addressing the financial viability of new projects amid rising costs. These changes aim to maintain housing delivery in a challenging economic environment for developers.
Toronto developers are grappling with an unprecedented inventory of unsold condos, with experts indicating that combining smaller units into larger ones is not a feasible solution. The market dynamics have shifted significantly, leaving many units unappealing to potential buyers.
Canada's housing market shows a slight increase in sales for April 2026, but experts caution against over-optimism as the overall market remains weak. CREA reports a 0.7% month-over-month rise, marking the first increase of the year.
City staff are moving to reduce zoning friction as high costs and softer rents make rental projects harder to finance.
The Butnuni Lake Resort in Central Cariboo is now on the market for $1.1 million, offering a unique alternative for those seeking more space outside of Vancouver. This property could serve as a resort or a personal retreat.
Richmond, BC, is proposing five affordable housing projects on city-owned land, contingent on receiving federal funding from the Build Canada Homes program. If successful, these projects could provide 470 new affordable rental homes.
The Victoria Day weekend is expected to see heavy travel both in and out of British Columbia, with Vancouver International Airport anticipating around 330,000 visitors. Travelers are advised to plan ahead due to increased demand.
Metro Vancouver residents may witness the northern lights this weekend, particularly on Saturday, May 16, 2026, if the weather permits. A geomagnetic storm watch has been issued, indicating a chance for spectacular auroral displays.
Helen Chan Sun, a prominent Vancouver developer, has been sentenced to 40 days in jail for contempt of court after failing to disclose her financial situation to a creditor. This case highlights the ongoing struggles within the Vancouver real estate market.
