Broker questions rent-to-own math in BC condo purchase plan Will the proposal work in a pricey market like Vancouver? By Fergal McAlinden 31 Jul. 2026 A joint federal-provincial government plan to buy unsold condos in British Columbia has drawn sharp criticism from parts of the mortgage industry – a

Canada Issues Travel Advisory for Puerto Vallarta Amid Rising Violence The Canadian government has issued a travel advisory for the coastal city of Puerto Vallarta and surrounding areas in the Mexican state of Jalisco, following a surge in violence that has caused road blockades, burning of vehicles

Home affordability worsened in most Canadian housing markets in June 2026 Buying a home became a little tougher for many Canadians in June, as higher mortgage rates reduced affordability even in markets where home prices declined. According to Ratehub.ca's latest Home Affordability Report, affordabi

A new report suggests the cost to support construction of 570,000 new housing units approaches $115 billion Roadwork in Vancouver. A report says Metro municipalities needs to spend $115 billion on infrastructure int he next 15 years. Photo by NICK PROCAYLO /10110988A   Metro Vancouver taxpayers coul

Canada’s inflation rate slowed by more than expected last month as gasoline prices eased and a key measure of core inflation dropped below 2% for the first time in nearly six years. (Bloomberg) — Canada’s inflation rate slowed by more than expected last month as gasoline prices eased and a key measu

Slowdown in housing construction deepens as builders pull back The data suggests an industry that is completing projects faster than they’re launching new ones. Housing construction in Canada continued to thin in June — further evidence that homebuilders are pulling back amid weak demand, rising cos

Bank of Canada expected to hold as debate shifts to timing of rate hikes The Bank of Canada is widely expected to hold its policy rate at 2.25% this week, but economists remain divided over how soon the central bank may need to begin raising rates. The Bank of Canada is expected to keep its policy r

Zillow’s now enforcing its listings ban: 3 things to know As of June 30, home listings that aren’t widely available may be kept off the nation’s top search site, prompting a lawsuit from Compass and praise from others. Zillow's new listing standards, announced in April, have set off waves of reactio

The federal government will not be investigating the decisions that led to the B.C. vacant condo buyout plan.   Some Conservative MPs recalled the Commons Ethics Committee and demanded the probe during a meeting on Tuesday, but were shut down. The hope was to call on ministers, developers and others

What to expect from July's Bank of Canada interest rate update Another Bank of Canada (BoC) interest rate update is scheduled this month, and you may be bracing yourself for the Crown corporation’s latest decision. In June, Canada’s central bank held its key interest rate at 2.25 per cent for the fi

'Scathing indictment': Massey Tunnel replacement will cost $8.5 billion, more than double original estimate The estimated completion time for the project has also been delayed almost a year, from December 2030 to September 2031, despite previous reports the timeline would remain the same. B.C. Premi

Condo plan's discount premise faces market doubts $1-million-plus pricing complicates the affordability goal   The economic case for a $1.45-billion federal-provincial plan to buy unsold British Columbia condos rests on securing units below market value, but analysts and commentators question whethe

GST Rebate on New Homes Is Freezing BC’s Resale Market Let’s get one thing straight: the government just handed first-time home buyers in BC a massive win. Up to $68,000 in savings between the GST rebate and Property Transfer Tax Exemption? That’s real money. But here’s what most people haven’t figu

West Vancouver council reluctantly moves forward on province's housing density changes West Van councillors say having Victoria impose zoning unilaterally would be a worse option.   West Vancouver council is reluctantly moving foward on changes that will increase housing density allowed on single fa

Severe correction in Vancouver condo prices may persist Prices could fall further in 2026 before stabilizing in 2027, say experts. Toronto-Dominion Bank (TSX:TD) is predicting Vancouver condo prices will fall around seven to eight per cent by year’s end compared to the fourth quarter of 2025, though

No evidence of generalized inflation despite May price hikes: BoC’s Macklem By: The Canadian Press Bank of Canada governor Tiff Macklem says he’s not seeing evidence of generalized inflation even as price pressures surged in May. Statistics Canada said Monday that inflation jumped to 3.2 per cent la

  The federal and British Columbia governments are developing a program to purchase more than 2,200 condos in B.C. to turn into affordable housing, though the financial mechanism that will be used to make the acquisitions is still up in the air. Nearly 4,000 newly built condos are sitting empty in t

Why Canadians Are Ditching the 5-Year Fixed Mortgage | What It Means for You (2026) The End of an Era: Why Canada’s Five-Year Mortgage is Losing Its Crown There’s something deeply symbolic about the five-year fixed mortgage in Canada. For decades, it’s been the financial equivalent of a Tim Hortons

  Canada’s newest housing push in British Columbia has a simple promise and a complicated balance sheet. Prime Minister Mark Carney and Premier David Eby are putting up to $3.2 billion behind a plan to lower housing-related development costs, fund local infrastructure, and bring more than 2,200 alre

New data shows how dramatically — and what it means for renewal waves ahead By Matthew Sellers   For most of the past three decades, the five-year fixed mortgage was as Canadian as the Registered Retirement Savings Plan or the Tim Hortons double-double: a cultural default that shaped household finan