Asking rents drop again, but B.C. remains among Canada's most expensive markets North Vancouver still priciest rental market in Canada, report finds A sign announcing a one-bedroom apartment for rent in Vancouver's West End. (David Horemans/CBC) Asking rents in British Columbia continue to fall, sli

Canada is building more homes, just not for owners Rental starts totalled 130,000 over the past year, while condo starts fell below 50,000 for the first time since the Great Financial Crisis. Photo by Getty Images   Construction of rental properties has been booming, but this much-needed boost could

Vancouver area home sales dropped nearly 10% last month, 18.6% below seasonal average 4,991 new listings on the market last month, down 11.5% year-over-year Homes are seen in West Vancouver in July 2024. Vancouver-area home sales are falling, according to the latest numbers from the local real estat

BC Housing Market July 2026: Detached Falls Below $2 Million Greater Vancouver closed July 2026 with 15,262 active listings at a $1,178,000 median and 59 days on market. Fraser Valley: 7,913 listings, $979,000. Detached fell below $2 million for the first time this year, and one listing in four has

Photo: Leda Omid / PM Mark Carney and Premier David Eby at a housing announcement, June 18, 2026 Despite repeated claims from both Ottawa and the BC Government that homebuilding is accelerating, the federal Canada Mortgage And Housing Corporation (CMHC) is predicting fewer homes to be built in both

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