News
Published brokerage updates and market posts.
News
Published brokerage updates and market posts.
Vancouver has approved a pilot program for delivery robots to operate in downtown and Kitsilano, starting this fall. The initiative aims to reduce emissions and embrace technological innovation.
The Bank of Canada holds at 2.25% for a third straight meeting, signaling a 'neutral rate' watch period. Toronto shows early recovery signs while Vancouver faces 56-month low prices and a condo glut.
Richmond entered 2026 with steadier but more selective housing activity as inventory gave buyers more room to compare and negotiate.
A May 6 union release says Vancouver council approved a fast-track rezoning policy for 6-8 storey market rental and hotel development along key corridors.
A Statistics Canada report reveals 16.3% of millennials aged 25-39 lived with parents in 2021, nearly double the 8.2% rate for baby boomers at the same age. Toronto and Vancouver lead with 26.1% and 19.3% respectively, but housing affordability is not the only factor at play.
Airbus Canada will supply AirAsia with 150 Canadian-made A220 jets assembled in Mirabel, Quebec — the largest single firm order in the manufacturer's history. Prime Minister Carney framed the deal as a win for diversifying trade beyond the United States.
Pinnacle International revised its Lougheed plan with taller towers, more market condos, less office space, and a changed affordable-housing strategy.
Broadway Subway construction is creating a months-long full closure at West Broadway and Cambie, while East Broadway near Main is set for partial reopening.
CityNews reported regular gas around $2.30 per litre in Metro Vancouver, with a retail analyst warning that fuel costs may flow through to store prices.
A report cited by NetNewsLedger says mining contributes more than $3.5 billion in annual economic output to Metro Vancouver and Vancouver Island.
A new Rennie Intelligence survey of 1,400 respondents found that over half of end-user buyers prefer townhomes, with the three-bedroom layout as the sweet spot. The report also warns of 3,650 completed-but-unsold condos by end of 2026, an affordability paradox for developers, and markets increasingly driven by equity-rich move-up buyers.
April 2026 data shows the Fraser Valley recorded its first sales increase in over a year (+7% YoY), while Greater Vancouver sales fell 2.5% and sat nearly 23% below the 10-year seasonal average. Detached home sales in Vancouver jumped 14%, but condo and townhome sales declined.
