Author: admin
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Buyers remain hesitant as inventory builds
Metro Vancouver's home inventory hit a ten-year high in May 2025, while sales dropped 18.5% from May 2024, totaling 2,228. New listings rose 3.9%, and active listings increased 25.7%. The sales-to-active listings ratio was 13.4%, indicating downward price pressure. Benchmark prices fell 2.9% year-over-year, with detached homes at $1.997M, apartments $757K, and townhouses $1.107M. The…
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Fraser Valley Home Sales Jump 13%
Fraser Valley home sales rose 13% MoM in Mid-Q2, but remain 22% below Mid-Q2 2024 levels. Inventory rose 6% MoM and is now 54% above the 10-yr seasonal average.
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BC Takes Action on Short-Term Rentals
All short-term rental hosts in B.C. were required to register their listings by May 1, 2025. Over 20K listings are registered, indicating many units have shifted to long-term rental housing.
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Happy Father’s Day
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
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Housing targets deliver more than 16,000 homes, new priority communities added
The Province and municipalities have delivered 16,130 new homes through housing targets in priority communities, addressing population growth and housing demand. A fourth group of communities, including Burnaby and Richmond, will soon receive targets. Progress reports show many municipalities exceeding or on track to meet targets by streamlining approvals, updating zoning, and partnering with organizations.…
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BC Leads Canada With Highest Minimum Wage
BC's minimum wage ↑ 2.5% to $17.8/hour on June 1, 2025. BC currently has the highest minimum wage among Canadian provinces.
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BC Rental Restriction Risks Local Economic Collapse
BCREA urges exemptions as strict rental rules hurt tourism, film, and healthcare across local economies. Tourism-driven towns lack hotel space, and over-reliance drives record-high nightly rates across Metro Vancouver.
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Fraser Valley housing sales rise double digits as single-family home prices drop
Fraser Valley home sales rose 13% in May from April, reaching 1,183, but are down 22% from May 2024 and 36% below the 10-year average. Single-family home prices dropped over 1%. Inventory increased 6%, giving buyers more options and creating tougher competition for sellers. Homes priced appropriately are selling, while some sellers hold off or…
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Don’t Hire Blind: Ask Your Advisor These
What are your qualifications and how do you stay updated in financial planning? What is your investment approach and what services are included in your offering?
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When Realtors overstep: The dangers of giving tenancy advice
Miscommunication by Realtors about tenancy laws can cause confusion, strained relationships, and legal risks in tenanted property sales. Realtors should focus on marketing and sales, leaving tenancy matters to property managers and lawyers. Clear communication, proper referrals, and collaboration among professionals can prevent disputes and protect all parties. Training and support for Realtors on tenanted…