Category: Uncategorized
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Ontario and B.C. home prices fall—but it won’t last long
Canada’s housing market is stabilizing but faces a localized reset. Ontario and B.C. see price drops and sales declines, with a rebound expected by 2026. Toronto faces a condo oversupply, while Vancouver focuses on rental builds amid high prices and low vacancy. Other markets like Montreal, Edmonton, and Calgary lead in new starts. Alberta’s prices…
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Metro Vancouver & Fraser Buyers Still Holding Back
Sales Activity in June: – Greater Vancouver: ↓ 9.8% yearly to 2,181 – Fraser Valley: ↓ ~9% yearly to 1,195 Greater Vancouver prices softened: – Detached: $1.99M – Condo: $748K – Townhome: $1.104M
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BC Cuts Housing Fees, Builds Homes Faster!
B.C. changes rules to cut early-stage housing costs and speed up construction starts. Developers can use surety bonds, freeing capital unlike restrictive letters of credit.
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What to Expect From BC’s 2026 Housing Market?
Home sales in B.C. are expected to decline by 5.0% in 2025. A strong rebound of 19.5% in sales is forecasted for 2026 as confidence returns.
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Home buyers remain cautious in Metro Vancouver and Fraser Valley
Greater Vancouver Realtors and Fraser Valley Real Estate Board report June 2025 housing markets moving toward balance with differing trends. GVR saw a 9.8% sales decline year-over-year but improvement from May, while FVREB sales rose slightly month-over-month but remained below last year. Inventory is up significantly in both areas, easing price pressures. Benchmark prices fell…
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BC Housing Market Set to Reignite in 2026
Sales Dip Expected: MLS® home sales in BC forecast ↓ 1.1% in 2025 due to tariff uncertainty; rebound ↑ 8.8% expected in 2026. Price Trends: Average BC home price projected ↓ 0.9% to $972,800 in 2025, before ↑ 3.2% to $1,004,000 in 2026.
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BC Urged to Rebalance STR Rules
New short-term rental laws restrict hosts to one principal home and one secondary suite. Tourist towns face accommodation shortages ahead of summer as hotel capacity nears its limit. The 3% vacancy exemption rule is too strict for most tourism-dependent communities to qualify. Proposed changes include exemptions for film, healthcare, strata hotels, and local zoning flexibility.…
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Fraser Valley home sales remain mostly unchanged
Home sales in Fraser Valley remain steady despite abundant inventory and lower prices, with 1,195 sales in June, slightly up from May but down 9% from last year. Active listings rose to nearly 11,000, a 30% increase from last year, keeping the market in a buyer's favor. Benchmark prices fell across all home types, with…
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How to Know if a Home Fits Your Lifestyle?
Research local schools even if you don’t have kids — they influence home values. Consider internet availability and speed, especially for remote work or streaming needs.
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June home sale prices saw ‘slight increase’ in Chilliwack and beyond
June 2025 real estate data from Chilliwack shows a slight year-over-year increase in sales and benchmark prices. The benchmark price for all residential homes was $759,500 with 254 units sold. Single-family homes led with 154 sales, up 8.2%, and a benchmark price of $932,900. Townhouse sales fell 3.9% in price, and apartment sales dropped 12.9%,…