Eric Luo Personal Real Estate Corporation
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BC Hydro is exploring two massive new hydroelectric projects—Site E on the Peace River and a multi-dam complex on the Homathko River—to meet electricity demand forecasted to jump 50% by 2050. For real estate investors and developers, the proposals signal where industrial growth and transmission infrastructure may concentrate over the next two decades, while highlighting the urgency of electrification costs for new housing.
A new NerdWallet Canada survey finds over one-third of non-homeowners want to purchase a home within the next year but expect to remain renters or live with relatives instead, viewing housing as overpriced and unfair to first-time buyers. For Greater Vancouver, this signals a large pool of sidelined demand that cannot easily convert into sales, reshaping the dynamics for sellers, landlords, and move-up buyers.
