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Global
Two New Mega-Dams on the Table: What BC's Power Surge Means for Industrial Land and Electrification Costs
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.
Luxmore
One-Third of Canadian Non-Homeowners Want to Buy Within a Year — But Expect to Stay Renters. What the Affordability Gap Means for Greater Vancouver.
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.
Luxmore
FortisBC Hikes Gas Bills $1.57/Month Starting July: Why Vancouver Homeowners Are Rechecking Heating Costs Before the October Review
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.
Global
May's Housing Rebound Is Real—But the Floor Was Lower Than You Think
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.
Global
B.C. Walks Away from Massey Tunnel Contractor in Price Dispute: South Fraser Real Estate Braces for Procurement Reset
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.
Luxmore
FIFA World Cup Shatters Transit Records: 1 Million Boardings in a Day and What It Means for SkyTrain Corridor Real Estate
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.
