News
Published brokerage updates and market posts.
News
Published brokerage updates and market posts.
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.
Home sales in Canada fell by four percent in April 2026 compared to the same month last year, according to the Canadian Real Estate Association. Despite a slight increase in average sale prices, the market remains subdued amid economic uncertainty.
Artificial intelligence is rapidly transforming the real estate industry, with new tools emerging weekly that enhance efficiency and democratize access to information. However, the challenge remains in maintaining professionalism and protecting client data.
U.S. President Donald Trump's upcoming summit with Chinese President Xi Jinping is expected to address key issues amid ongoing tensions, particularly regarding the war in Iran. This meeting marks a significant moment in U.S.-China relations, as it is the first visit by a sitting U.S. president to China in nearly a decade.
Prime Minister Mark Carney has unveiled a new national electricity strategy aimed at doubling Canada's electricity grid capacity by 2050, emphasizing the role of natural gas in this transition. The plan is expected to lower electricity costs for a majority of Canadian households.
Home sales in Metro Vancouver remain flat compared to last year, but a notable divergence is emerging between detached and multi-family housing segments. Detached home sales are increasing, while multi-family sales are declining.
Surrey's real estate market continues to see significant price declines, with benchmark prices for homes, townhouses, and condos dropping year-over-year. Elevated inventory levels and favorable conditions for buyers are noted by the Fraser Valley Real Estate Board.
Surrey City Council has approved a proposal to lower development cost charges (DCCs) to make housing more affordable. This initiative aims to support housing delivery and future growth in the city.
