News
Published brokerage updates and market posts.
News
Published brokerage updates and market posts.
Metro Vancouver is preparing to implement historic Stage 3 water restrictions as early as the first week of June—the earliest end to lawn watering on record—due to low snowpack, warm weather, and critical infrastructure work on the Stanley Park Water Supply Tunnel that has taken the First Narrows Crossing offline since last fall.
Prime Minister Mark Carney told the Greater Vancouver Board of Trade that Ottawa is in early talks with B.C. to slash development charges on new housing, potentially mirroring Ontario's recent deal that cuts costs by roughly $200,000 per unit. For a market where rising construction costs have frozen dozens of pre-sale sites, the announcement offers a potential path to revive supply—but details remain undefined and timing uncertain.
The first tower of Canada's largest Indigenous-led residential development, Senakw, has begun occupancy this week at the south foot of Vancouver's Burrard Street Bridge. With 333 market rentals and 67 below-market units starting at approximately $1,600 for studios, the project enters a challenging Metro Vancouver rental market where 17,000 prospective tenants have already registered interest, though leasing prioritizes Squamish Nation members before opening to the general public.
Unifor transit workers at Coast Mountain Bus Company voted 99% in favor of strike action, threatening bus and SeaBus service across Metro Vancouver just as summer real estate activity ramps up. Buyers and landlords in transit-dependent neighbourhoods now face practical questions about commute reliability and tenant stability.
The first tenants are moving into Tower 1 of Senakw, Canada's largest Indigenous-led residential development, with market rents starting at $1,600 for studios and $2,200 for one-bedrooms, offering a rare glimpse into how Vancouver's most politically significant rental project will reshape the Kitsilano rental market.
A West Vancouver mansion featuring a yacht garage has slashed its asking price by nearly $7 million, highlighting the ongoing recalibration in the ultra-luxury market where initial pricing strategies are being tested by selective high-net-worth buyers and extended marketing timelines.
Over 5,000 Coast Mountain Bus Company workers including bus operators, SeaBus crews and maintenance staff have voted 99% in favor of strike action as contract negotiations continue, creating uncertainty for commuters and potential ripple effects for transit-dependent neighbourhoods across Metro Vancouver's real estate market.
A new nationwide survey reveals that 67% of Canadian real estate agents report unprecedented client risk aversion driven by U.S. political instability and recession fears, creating a market paradox where declining interest rates are failing to stimulate the expected housing rebound in Greater Vancouver and across Canada.
A new Ownright survey of 1,000+ Canadian agents finds 67% report unprecedented client risk aversion driven by U.S. instability and recession fears, not interest rates—creating a tactical window for prepared Vancouver buyers while forcing sellers to adapt to skeptical scrutiny.
Prime Minister Mark Carney revealed early federal discussions with B.C. to slash development charges on new housing—mirroring Ontario's $200,000-per-unit cost reduction model—during a high-stakes address to the Greater Vancouver Board of Trade that warned stalled provinces will lose investment to other regions.
More than 30 pre-sale purchasers at Burnaby's Eclipse condo tower are asking B.C. Supreme Court to void their contracts, alleging Thind Properties failed to disclose material financial distress—including a $12 million tax judgment and permit suspensions—before the project entered creditor protection, pitting provincial consumer protection laws against federal insolvency proceedings.
More than three dozen pre-sale buyers at Burnaby's Eclipse condo tower — a Thind Properties development forced into creditor protection in January 2025 — have filed B.C. Supreme Court applications claiming their contracts are unenforceable because the developer allegedly withheld critical financial information, including a $12 million CRA judgment, suspended warranty coverage, and a halted building permit. The case pits B.C.'s consumer real estate law directly against federal insolvency legislation, and the outcome could affect how pre-sale contracts are treated across the Lower Mainland.
