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Luxmore News

Published brokerage updates and market posts.

News

Luxmore News

Published brokerage updates and market posts.

Carney Tells Vancouver Business Leaders: B.C. Housing Development Fees Could Be Cut in Half — Here's What That Means for New Builds

Prime Minister Mark Carney told the Greater Vancouver Board of Trade on May 21, 2026 that the federal government is in early discussions with the B.C. government about cutting housing development fees — potentially mirroring an Ontario deal that slashed fees by up to 50% and reduced per-unit project costs by as much as $200,000. For anyone watching Vancouver's stalled pre-sale market, this is a policy signal worth tracking closely.

May 27, 2026, 12:02 a.m.
Image 11: Prime Minister Mark Carney signals possible new housing development fee cuts while outlining his economic vision for B.C.

Dozens of Pre-Sale Purchasers in Troubled Lower Mainland Condo Tower Claim Contracts Invalid

In a significant legal battle, pre-sale purchasers of Burnaby's Eclipse condo tower are seeking to invalidate their contracts due to undisclosed financial troubles of the developer, Thind Properties. This case highlights the challenges facing buyers in a struggling real estate market.

May 26, 2026, 11:04 a.m.
Image 4: Dozens of purchasers of pre-sale units at Burnaby's Eclipse tower are goingt o court in a bid to invalidate their contracts. The project was forced into creditor protection in January 2025 amid financial problems.

BC Real Estate Under Pressure: Indigenous Land Ruling Reshapes Private Property Logic

A recent ruling by the BC Supreme Court has sparked intense debate over the stability of private property rights in British Columbia, raising questions about the implications for real estate and investment. This landmark case may redefine the legal landscape for property ownership in the province.

May 25, 2026, 12:53 p.m.
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Transit funding delays raise stakes for Metro Vancouver housing growth

TransLink, TTC, and STM are pressing Ottawa to restore and speed up public transit funding as construction costs rise.

May 25, 2026, 12:37 p.m.
Transit funding delays raise stakes for Metro Vancouver housing growth

Vancouver's Oakridge Park shopping mall opens this week. Will its bet on luxury work?

After nearly a decade of development, the Oakridge Park shopping mall in Vancouver is set to open its doors, featuring luxury brands amidst economic challenges. Analysts question whether the market can sustain such high-end retail in the current climate.

May 25, 2026, 12:22 p.m.
Image 3: A number of under-construction towers on a partly cloudy day. It is surrounded by single-family homes.

Sold before it listed: A $20.5M Whistler story

A recent off-market sale in Whistler, B.C., exemplifies the power of market knowledge, as agent John Ryan successfully closed a $20.5 million deal before the property was officially listed.

May 25, 2026, 11:49 a.m.
Image 2: REM

Metro Vancouver wastewater strike puts regional cost pressure back in view

Job action at regional wastewater facilities brings infrastructure costs, utility charges, and municipal budgets into client conversations.

May 25, 2026, 9:43 a.m.
Metro Vancouver wastewater strike puts regional cost pressure back in view

Prime Minister Mark Carney Signals Possible New Housing Development Fee Cuts While Outlining His Economic Vision for B.C.

Prime Minister Mark Carney recently addressed the Greater Vancouver Board of Trade, discussing potential cuts to housing development fees as part of a broader economic strategy for British Columbia. His remarks highlight the urgent need for increased housing supply to address affordability issues in the region.

May 22, 2026, 11:53 a.m.
Image 11: Prime Minister Mark Carney signals possible new housing development fee cuts while outlining his economic vision for B.C.

Permanent HST Relief and Shorter Approvals Needed for Ontario's Housing Market

Ontario's housing market is facing a crisis with zero new condo launches in Q1 2025 and a significant drop in housing starts. Experts suggest policy changes like permanent HST relief and streamlined approvals to revive the market.

May 22, 2026, 11:52 a.m.
Image 2: REM

Downtown Hudson’s Bay Redevelopment Poses Opportunities, Challenges

The historic Hudson’s Bay Co. flagship store in downtown Vancouver is set to be acquired by Onni Group, raising questions about its future redevelopment. Experts suggest that this could lead to a transformative mixed-use project.

May 22, 2026, 10:22 a.m.
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B.C. Minimum Wage Rise Puts Small Business Costs Back in Focus

B.C. minimum wage rises to $18.25 on June 1. For local businesses and households, the bigger story is the gap between wages, living costs and the price increases customers may see later this year.

May 22, 2026, 9:32 a.m.
B.C. Minimum Wage Rise Puts Small Business Costs Back in Focus

VIFF Hiring Shows Vancouver’s Culture Economy Preparing for Fall

The Vancouver International Film Festival is hiring summer roles ahead of its October festival, adding another sign of seasonal employment and cultural activity in the city.

May 22, 2026, 8:55 a.m.
VIFF Hiring Shows Vancouver’s Culture Economy Preparing for Fall
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