Judy Dou
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TransLink recorded 1.03 million boardings during Vancouver's first FIFA World Cup match on June 13, marking the highest stadium-event transit usage since the 2010 Olympics and testing downtown infrastructure resilience for residents and investors.
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The Bank of Canada is expected to hold rates at 2.25% on June 10, cementing a buyer's market characterized by rising inventory and stable mortgage costs. For Greater Vancouver, this creates a rare window where purchasers can negotiate without bidding wars, while sellers face the pressure of competing against record listing volumes in a market projected to see only modest 1.5% price growth in 2026.
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.
Starting next month, FortisBC residential gas bills will rise by approximately $1.57 per month for typical usage, after the BC Utilities Commission approved a hike tied to higher renewable natural gas content. For Greater Vancouver homeowners, landlords, and buyers, the increase is small but locked in until October, making it a useful prompt to review total carrying costs and heating efficiency before the next rate review.
Seasonal sales upticks in May are masking a deeper behavioral shift as buyers return for second showings and sellers abandon 2022 pricing fantasies, though the bounce comes from historically depressed activity levels.
The BC government terminated its contract with Cross Fraser Partnership for the George Massey Tunnel replacement after failing to agree on final construction costs, switching to a multi-contractor bid model while keeping the 2027 construction target.
TransLink recorded 1.03 million boardings during Vancouver's first FIFA World Cup match on June 13, marking the busiest Saturday for BC Place events since the 2010 Olympics and validating the infrastructure capacity that underpins transit-oriented real estate values across the Expo and Millennium lines.
The District of North Vancouver council voted unanimously on June 1 to advance zoning changes that would remove floor-space exemptions for basements and garages while allowing homes to reach three storeys. The move aims to reduce environmental impact and improve rental suite quality, affecting approximately 20,000 properties and potentially altering construction economics for buyers and developers.
BC has announced a $102.5 million investment to resurface over 200 km of highways this summer, with $46 million earmarked for Lower Mainland sections including Highway 1 in Abbotsford, Hope and the North Shore, and $56.5 million for Vancouver Island routes near Nanaimo and Campbell River. For local homeowners, buyers and landlords in these corridors, the work means immediate traffic delays and reduced speeds, but also improved long-term connectivity that should be weighed against short-term carrying costs and tenant retention risks.
After more than two years of 'permit hell,' construction has finally begun on the second Burnaby T&T Supermarket at Gilmore Place, revealing the often underestimated gap between residential occupancy and retail activation in major mixed-use developments.
Terrace city council has unanimously directed staff to explore creating a separate zoning category for data centres, potentially requiring site-specific council approval and public hearings for future projects. For Greater Vancouver real estate investors holding industrial land or watching provincial development trends, this signals growing municipal scrutiny over data centre impacts including water usage, noise, and light pollution that could spread to other BC communities.
President Trump's June 10 threat to let CUSMA lapse puts 90% of Canadian exports at tariff risk, creating material cost uncertainty for Vancouver new construction and economic headwinds that could affect buyer confidence in the region.
New Westminster City Council passed a bylaw amendment requiring landlords to maintain at least one living space at or below 26°C during overnight hours from April through October, making it the first Metro Vancouver municipality to mandate indoor cooling standards for existing rental stock following the deadly 2021 heat dome that killed 33 local residents.
The Bank of Canada held its policy rate at 2.25% on June 10, keeping borrowing costs stable amid Middle East energy shocks and U.S. trade uncertainty, while noting that Canadian housing activity declined in the first quarter and shelter inflation is finally slowing.
As interest rate pressure pushes more Greater Vancouver rental properties into power of sale proceedings, both tenants and prospective buyers face complex legal and financial uncertainties that require immediate, informed action.
ICBC has launched online knowledge testing for new Class 5-8 driver's licences, eliminating the need for rural and suburban residents to travel long distances to ICBC offices. For Greater Vancouver real estate, this reduces a major lifestyle friction for families considering properties in remote communities and streamlines the transition for new immigrants and young adults entering the rental market.
FIFA cancelled 70-80% of its Vancouver hotel block bookings (15,000 room nights) for the 2026 World Cup, yet hotel prices aren't expected to drop with occupancy still at 90%. For real estate investors and condo owners banking on short-term rental windfalls, the news signals that demand may be strong but not unprecedented, while tour operators report slower-than-expected package sales.
Prime Minister Mark Carney has confirmed the $6.4-billion Gordie Howe International Bridge between Windsor and Detroit will open to traffic on June 15, ending an eight-year construction cycle that was recently stalled by U.S.-Canada trade tensions. For Greater Vancouver, the crossing matters less for local home prices than for what it signals about trade stability, infrastructure timelines, and the economic confidence that underpins industrial demand and buyer psychology in trade-dependent markets.
The Bank of Canada is expected to hold its benchmark rate at 2.25% for the fifth consecutive time this Wednesday, with markets pricing in a 95% probability of no change. For Greater Vancouver buyers and sellers, this 'wait and see' stance amid technical recession and inflation concerns means mortgage stability in the short term, but limited room for rate relief as geopolitical risks keep the Bank cautious.
As debt-plagued developments across the Lower Mainland fall into court-ordered sales, well-capitalized developers like NorthStar and Landa Global are acquiring distressed sites at steep discounts, while brokers warn the distressed cycle could last at least two more years with bids now coming in below project debt levels.
Surrey council has authorized staff to draft new Amenity Cost Charge (ACC) bylaws that will standardize how developers fund community amenities, replacing the current rezoning-based CAC system before provincial restrictions on Transit-Oriented Areas take effect June 30, 2026. The move creates a more predictable fee structure for new subdivisions and building permits across the city, including specific charges to help replace the Newton Recreation Centre, though overall contribution levels are intended to remain comparable to or lower than existing rates.
Metro Vancouver's Stage 3 water restrictions starting June 8, 2026, are directly tied to two massive underground infrastructure projects—the $495M Stanley Park Water Supply Tunnel and the award-winning Second Narrows Water Supply Tunnel—reshaping water security and long-term neighbourhood resilience across Vancouver, Burnaby, and North Shore communities.
The City of Vancouver has launched its first comprehensive review of the 1997 Higher Buildings Policy, with Chief Planner Josh White revealing intense public interest and a timeline targeting Spring 2027 for final Council decisions. The review addresses downtown land scarcity, 2024 view cone changes, and the fact that Burnaby now hosts Metro Vancouver's tallest towers, creating strategic considerations for buyers evaluating downtown pre-sales against suburban high-rise markets.
Royal LePage reports massive surges in American web traffic during geopolitical crises—up 233% year-over-year in April 2026—while new citizenship laws fast-track thousands of U.S. applicants, creating a new category of potential buyers for Vancouver's luxury and border-proximate markets.
Prime Minister Mark Carney announced early-stage federal discussions to slash B.C. development charges by up to 50%, potentially saving $200,000 per new home, while warning that B.C. must move fast on housing and energy projects or risk losing federal investment to other provinces.
Prime Minister Mark Carney told Greater Vancouver business leaders that Ottawa is in early discussions with B.C. to mirror Ontario's temporary 50% cut to municipal development charges on new housing, a move that could reduce project costs by roughly $200,000 per unit and reshape pre-sale economics in Metro Vancouver.
The Bank of Canada is expected to hold its key interest rate at 2.25% on June 10, 2026, as policymakers balance Canada's first technical recession since 2020 against inflation risks from the US-Iran conflict and oil price spikes. For Greater Vancouver buyers and homeowners, this means the waiting game for cheaper borrowing costs continues, while the threat of future hikes remains if geopolitical tensions persist.
Greater Vancouver's May 2026 data shows apartment sales down 7.2% year-over-year while detached sales edged up, with total inventory 34.6% above the 10-year average creating a split market where detached buyers gain leverage but apartment sellers face stiff competition.
Greater Vancouver home sales fell 3.5% in May 2026 as weak condo activity dragged down the market, with prices down 6.2% year-over-year but flat month-over-month, signaling a potentially calm summer ahead for selective buyers and realistic sellers.
May 2026 GVR data reveals a market paralyzed by the mortgage renewal cliff, with sales down 26.6% from seasonal averages and inventory up 34.6%, as 60-70% of homeowners face payment shocks of $800-$1,000 monthly while buyers wait on the sidelines.
Metro Vancouver will implement Stage 3 water restrictions on June 8, 2026, banning lawn watering and pool fills due to low snowpack and infrastructure work, with potential relief by late July. For local real estate, this creates immediate due diligence questions around water features, landscaping maintenance costs, and property presentation during the peak summer selling season.
Canada is pushing to renew the CUSMA trade agreement for 16 years ahead of the July 1 review deadline, as the U.S. pursues separate "bifurcated" negotiations with Canada and Mexico. For Greater Vancouver buyers and sellers, the outcome could shape economic stability, employment confidence in trade-dependent sectors, and buyer psychology through the summer market season.
The first three towers of Senakw—Canada's largest Indigenous-built housing development—will open for occupancy this summer as the Squamish Nation brings significant rental supply to Vancouver's constrained market, testing appetite for Nation-led urban housing.
New Zealand and Canada have both shifted from 'soft-touch' real estate regulation to aggressive tightening after housing affordability collapsed to nine times average income, offering Vancouver buyers a preview of how permanently changed rules will reshape investment strategies and buyer pools.
Richmond RCMP is actively ticketing riders and fining parents up to $2,000 for illegal e-bike use, with a recent North Vancouver case seeing a teen fined $368 plus $400 in impound fees. For local real estate, this creates new liability considerations for families with teenagers and landlords near Richmond's extensive bike network, as illegal devices void insurance coverage and expose owners to uninsured liability for accidents.
Lululemon founder Chip Wilson successfully appealed the 2025 property assessment of his Point Grey waterfront mansion, reducing its value from $82.7 million to $64.4 million in a ruling that highlights the gap between construction costs and market realities in Vancouver's ultra-luxury segment. The decision removes his home from the top spot as BC's most expensive property and offers a rare window into how assessment boards weigh "price point sensitivity" when valuing unique trophy assets.
Vancouver City Council voted to repeal zero-emission heating mandates for new homes, allowing natural gas again, while launching an expedited review of multiplex housing policies that could tighten design rules before the October 2026 election.
Oakridge Park's retail centre opened this week, but the real test comes late this year when buyers who purchased luxury condos at $2,000-$2,500 per square foot in 2019 must close at prices well above current market values. The situation highlights the risks of peak-cycle pre-sale purchases and potential appraisal gaps facing high-end buyers in Greater Vancouver's corrected condominium market.
A BC Civil Resolution Tribunal decision invalidated a $200 strata fine against a homeowner who charged his electric vehicle in the underground garage, ruling that no applicable bylaws existed despite the strata's claim of "stealing electricity." The case highlights critical due diligence gaps for prospective condo buyers regarding EV infrastructure and inconsistent strata rule enforcement.
The first test train is now running on the $2.95-billion Broadway Subway extension, with dynamic testing underway and a confirmed late Fall 2027 opening, giving buyers and sellers along the Millennium Line corridor a concrete timeline to plan around.
With just two weeks before kickoff, British Columbia has revised the total public cost of hosting the 2026 FIFA World Cup in Vancouver to between $685 million and $729 million—up from earlier estimates of $532–624 million. While net provincial costs actually fell by $31 million due to higher federal contributions and hotel tax revenues, the ballooning municipal and provincial commitments reveal where public money is flowing and which infrastructure bets are being placed around BC Place and Hastings Park.
Telus is building two massive AI data centres in Vancouver's Mount Pleasant and Downtown core as part of a $1 billion sovereign computing project, raising fresh questions about land use, infrastructure strain, and neighbourhood change in a city already starved for housing.
As federal immigration caps reduce demand for single-person housing, Boardwalk REIT's latest Edmonton portfolio sale reveals institutional buyers are now treating townhomes as core assets, signaling a structural shift toward family-sized rental units that Greater Vancouver investors and developers cannot ignore.
The Jura Ranch near Princeton sold for nearly $5.3 million through an online tender process, demonstrating how auctions are becoming a critical price discovery tool when traditional appraisals fail to capture current buyer sentiment in uncertain BC land markets.
The BC government has changed the Property Tax Deferment Program interest rate from prime minus 2% to prime plus 2% compounded monthly for new deferrals starting 2026, affecting 78,000 participating households. Richmond homeowners currently in the program must opt out by June 1, 2026 to avoid automatic renewal under the new higher rate, while existing balances remain grandfathered at the old rate.
Elon Musk's Tesla Tiny House, priced at $7,999 for a fully equipped modular unit, is positioning itself as a disruptive force in affordable housing by combining ultra-low entry costs with integrated solar and battery systems. For Greater Vancouver's expensive market, this signals where rental demand and alternative housing formats may head, even if local regulations and land costs complicate immediate adoption.
The B.C. government will announce the next phase of the Broadway Subway project Friday morning with federal minister Gregor Robertson, while warning that Broadway between Alberta and Cambie streets will close for six months this summer—extending construction disruption for Mount Pleasant and Fairview property owners and retailers already struggling since 2020.
The City of Vancouver will close the Georgia Viaduct from May 30 at 6 a.m. through at least 8 p.m. to remove a tower crane at 150 West Georgia Street, with possible extension into Sunday—creating logistical headaches for downtown real estate showings, tenant move-ins, and property access during the concurrent FIFA World Cup infrastructure preparations.
As over 1.1 million mortgages come due for renewal in 2026, British Columbia borrowers facing payment shock are increasingly turning to Mortgage Investment Corporations (MICs) for short-term financing solutions, raising new questions about risk management and regulatory oversight in the province's real estate market.
The U.S. and Iran have reached a tentative 60-day ceasefire extension pending Trump's approval, but the Strait of Hormuz remains blocked, driving global energy prices upward. For Greater Vancouver buyers and homeowners, this creates inflationary pressure that could force the Bank of Canada to maintain elevated interest rates well into the fall, directly impacting mortgage affordability and carrying costs.
BC mortgage holders facing 2026 renewals may avoid severe payment shocks as rate cuts and extended amortization options soften the impact, though higher-rate resets still require household budget adjustments.
A 4,344-square-foot freestanding industrial building in Burnaby's Brentwood area sold for $3,475,000 to G. Wilson Construction Management Ltd., highlighting continued demand from owner-operators for small-bay industrial assets with flexible M3 zoning even as financing costs remain elevated.
Metro Vancouver homeowners face a split deadline for 2026 property taxes—most cities require payment by July 2, but Vancouver and Burnaby extend to July 3, while Lions Bay waits until July 14. Missing these dates triggers immediate 5% penalties, with second penalties hitting later in the summer for outstanding balances.
Metro Vancouver saw zero concrete highrise presale launches in the first quarter of 2026—down from 152 a year prior—as developers struggle to hit the 60-70% presale thresholds required for construction financing. The freeze signals deepening stress in the presale market and raises questions about a potential supply shortage in 2028-2029 when current projects complete.
According to Business in Vancouver, a proposal for dual towers in Vancouver aims to increase building height while reducing planned social housing units. This amendment request signals potential financial stress for the developer and creates uncertainty for existing pre-sale purchasers and nearby property owners.
The 11,264-square-foot waterfront estate at 5363 Kew Cliff Road—famous for its hydraulically operated 'yacht garage' capable of launching a 50-foot vessel—has dropped nearly $7 million to $19.99 million after 827 days on market. The price cut signals a fundamental shift in Greater Vancouver's ultra-luxury segment, where irreplaceable legacy features no longer insulate sellers from protracted negotiations and heavy discounting.
Surrey City Council approved a one-year pilot program easing enforcement against illegal construction, reversing Mayor Brenda Locke's 2022 crackdown and creating new due diligence risks for homebuyers and disclosure obligations for sellers in BC's fastest-growing municipality.
North Shore News reports that West Vancouver has opened a $15 million purpose-built childcare facility, representing a major capital investment in early childhood infrastructure within one of Metro Vancouver's most expensive housing markets. For families considering the municipality, this signals a shift toward treating childcare as permanent essential infrastructure rather than temporary retail conversions, potentially altering livability calculations for dual-income households servicing high mortgages.
Reports of labor disputes involving Vancouver transit operators ahead of the 2026 FIFA World Cup are raising concerns about service reliability during the region's highest-profile international event, prompting buyers and investors to reassess the 'transit premium' in SkyTrain-dependent neighborhoods.
Habitat for Humanity is offering five affordable townhomes on Ash Street in Richmond with a unique equity-building lease model that converts rent payments toward future homeownership for moderate-income families earning $58,000 to $141,000 annually.
The Canada-U.S.-Mexico Agreement faces its first joint review on July 1 with formal negotiations yet to begin, creating uncertainty for Canada's $1.3 trillion trade relationship; for Greater Vancouver, where port logistics and cross-border commerce drive local employment and construction costs, this trade friction presents tangible risks to buyer confidence and development timelines.
With the Canada-U.S.-Mexico trade deal facing a critical July 1 review deadline, sluggish negotiations and Trump's tariff regime are creating economic uncertainty that could affect interest rates, buyer confidence, and cross-border investment flows in the Greater Vancouver market.
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.
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 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.
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.
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.
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.
TransLink, TTC, and STM are pressing Ottawa to restore and speed up public transit funding as construction costs rise.
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.
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.
Job action at regional wastewater facilities brings infrastructure costs, utility charges, and municipal budgets into client conversations.
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.
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.
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.
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.
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.
Capstan Station recorded 589,000 boardings in 2025, ranking near the bottom of the SkyTrain network. The nearby village is still building out, with thousands of homes and new hotels expected later this decade.
Drivers in Metro Vancouver can expect a decrease in gas prices by six cents per litre starting Friday, providing some relief at the pumps. This change follows recent volatility in global oil markets.
Ottawa will put $84.4 million toward the Cambie Street Bridge seismic upgrade, with TransLink adding $37 million to a project expected to cost at least $218 million. For real estate clients, the story is about downtown access, emergency resilience, and the next round of False Creek infrastructure decisions.
Recent discussions among legal experts have clarified that private property ownership in British Columbia is not threatened by the Cowichan decision. The consensus is that fee simple ownership will coexist with Aboriginal title.
The Hyack Multicultural Parade and Festival returns to New Westminster on May 23, bringing free family activities, food trucks and several road closures around Uptown New West.
Vancouver is contemplating revisions to its multiplex policy, initially adopted three years ago, in response to community feedback regarding building scale and neighborhood fit. The proposed changes aim to balance housing delivery with local concerns.
BC Hydro has launched Power Smart 2.0, a significant initiative designed to lower energy bills and enhance energy efficiency for British Columbians. This program is set to be the largest energy conservation effort in the province's history.
Canada's inflation rate has surged to 2.8% in April, driven primarily by rising gasoline prices. However, British Columbia stands out as the only province where inflation has not increased, raising questions about the local real estate market dynamics.
Prime Minister Mark Carney is set to meet with Premier David Eby in Vancouver, amidst concerns over the federal government's unequal engagement with provinces. This meeting follows Carney's recent agreement with Alberta regarding pipeline construction and carbon pricing.
Vancouver's city council is reviewing its Higher Buildings Policy for the first time in 15 years, seeking public input on whether to allow taller buildings in downtown areas. The policy, last updated in 2011, aims to reflect current needs and priorities in urban development.
A recent examination reveals that all 25 First Nations in British Columbia have filed claims to assert Aboriginal title to lands, yet less than 1% of these lands are currently under their control. This situation raises important questions about land rights and ownership in the region.
A retired couple has been ordered by the B.C. Supreme Court to pay $144,000 to a developer after they failed to close on a condo purchase due to concerns over water leaks. The couple had initially agreed to buy the unit for $800,000 before the market downturn.
A recent survey reveals that B.C. homebuyers prefer ground-level homes over high-rise condos, reflecting a shift in buyer preferences towards more family-friendly living spaces.
Vancouver City Council has approved the rezoning of 888-896 Cambie St. in Yaletown, allowing for a new 29-storey tower that will feature a Marriott hotel and secured rental housing. This development aims to address the city's hotel room shortage and enhance local economic activity.
Vancouver's Mayor Ken Sim is advocating for changes to the city's building codes to align with provincial standards, aiming to address the growing housing affordability crisis. This motion seeks to facilitate faster housing construction amidst rising home prices and rents.
A recent study reveals that recreational properties are becoming a key entry point for new homebuyers in Canada, with 45% of prospective buyers considering them as a serious investment. This trend is particularly pronounced among younger Canadians aged 18 to 34.
The UBC SkyTrain line is set to open its first phase in 2027, significantly impacting transportation and real estate in Greater Vancouver. The project is closely tied to the development of the Jericho Lands community.
Metro Vancouver rents have decreased across all unit types, with one-bedroom units dropping to an average of $2,086. This trend reflects a broader easing in rental demand throughout the region.
