News
Published brokerage updates and market posts.
News
Published brokerage updates and market posts.
BC's new electricity plan targets only 50% supply growth by 2050 despite a provincial promise to double capacity, creating a 110% planning gap that threatens industrial expansion and residential electrification timelines.
New Westminster became the first Canadian city to mandate maximum indoor temperatures for rental units, requiring at least one living space to stay below 26°C during overnight hours. For buyers and investors targeting older walk-up buildings from the 1960s to 1980s, this creates new compliance obligations and potential retrofit costs that could affect cash flow and property valuations.
A charter boat carrying 10 people sank near Roberts Bank off Richmond on Sunday, leaving six missing and four rescued in a major search operation involving military aircraft, Coast Guard hovercraft, and multiple marine rescue stations. For buyers and owners eyeing Richmond waterfront property, the incident is a sharp reminder that Strait of Georgia living comes with specific marine risks, insurance complexities, and due diligence questions that go beyond the view.
The Squamish-Lillooet Regional District ordered evacuations for approximately two dozen properties near Pemberton due to imminent flood risk from Place Glacier's periodic outbursts, marking the third consecutive year of such events. According to UNBC professor Brian Menounos, thinning ice has expanded the glacial lake basin, creating a recurring hazard likely to persist for 10 to 20 years, raising critical questions about climate risk disclosure and insurance viability for recreational and rural properties in BC's mountain regions.
Prime Minister Mark Carney and Premier David Eby announced a $1.45 billion plan to purchase over 2,200 unsold condo units in B.C. at below-market rates for conversion to affordable rent-to-own housing, explicitly excluding Vancouver proper while targeting Fraser Valley, Okanagan and Vancouver Island markets where developers face distress.
Grosvenor has scrapped the economically unviable 2020 rezoning plan for the former TransLink bus depot at 41st and Oak, submitting a new proposal that nearly doubles the residential density to 3,000 homes with a dramatic shift toward secured purpose-built rental housing. This revision signals how rising construction and financing costs are forcing developers to pivot from strata-focused projects to rental-heavy portfolios in Vancouver’s transit-oriented Cambie Corridor.
East Broadway between Main and Quebec streets restores four permanent vehicle lanes on June 25, 2026, ending months of severe construction disruption above Mount Pleasant Station, while Broadway between Cambie and Alberta streets prepares for a six-month full closure later this year.
A new Rentals.ca survey reveals that 27% of Vancouver renters now use AI tools like ChatGPT to navigate the city's brutal rental market, yet the data exposes a surprising gap between high-tech search methods and old-school housing priorities.
Prime Minister Mark Carney is defending a proposal to convert 2,200 unsold BC condominium units into affordable housing through a rent-to-own framework, insisting the $1.45 billion plan supports homebuyers rather than bailing out developers facing losses in a slow market. The federal government would contribute 10% of the cost while BC covers the remainder, offering a potential pathway to ownership for residents struggling with down payments in one of Canada's most expensive markets.
With wooden ceiling panels hoisted and train testing underway, Vancouver’s Broadway Subway has shifted from underground promise to physical reality, creating a critical decision window for buyers and sellers in Mount Pleasant and South Granville before the late 2027 opening.
The B.C. Financial Services Authority has issued multiple alerts about Matthew Kuras, a former licensed agent accused of renting Vancouver properties under false pretences and listing them on Airbnb without owner consent, exposing gaps in tenant screening even when credentials check out.
The 50-year-old 'Telus Boot' office tower at 3777 Kingsway is being restored as the centerpiece of King & Park, a 6.6-acre mixed-use community adding 2,500+ homes near the Central Park District. With Phase 1 rentals targeting 2030 completion and potential SkyTrain station discussions resurfacing, the project tests Burnaby's appetite for complex infill development while creating a distinct alternative to Metrotown's density.
