Category: Uncategorized
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Fraser Valley Housing Market Sees Modest Rebound
Fraser Valley home sales ↑ 13% MoM in May, but remained ↓ 22% below last year’s levels. Active listings climbed to 10,626 in May, ↑ 6% MoM and ↑ 34% yearly.
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BC Rents Drop: But 3-Beds Tell Another Story!
B.C.’s average rents fell 2.6% to $2,462. Province-wide apartment rents fell 1.0% to $2,483 yearly
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BC Real Estate Association Calls for New Short-Term Rental
BCREA urges changes to BC's Short-Term Rental (STR) legislation to balance housing needs with economic and tourism health. Recommendations include restoring zoning autonomy to local governments, fully exempting strata hotels and fractional ownership properties from STR rules, creating geographic exemptions near healthcare centers for transient medical staff, and broad STR exemptions for the TV and…
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Why Is BC Losing 15K Housing Starts?
B.C. experienced a sharp decline: starts fell by 15,400 units to 36,000. The drop may reflect affordability issues, rising costs, and slowing population growth.
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What Follows the Boc’s Rate Cut Pause?
BoC ends 2.25% rate-cutting cycle, citing inflation risks and global trade uncertainty. Unpredictable US tariffs raised inflation fears and made GDP projections unusually difficult.
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Happy Canada Day
To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…
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Mid-Q2: Greater Vancouver Real Estate Faces Sharp Correction
Greater Vancouver’s average home price was $1,266,441 in May 2025, ↓ 5.9% yearly. Benchmark home price was $1,177,100, ↓ 2.9% yearly and ↓ 0.6% MoM.
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Greater Vancouver Home Prices Set to Rebound by 2026
Greater Vancouver’s home sales will decline 1.6% to about 26,000 units in 2025. Average home prices in Greater Vancouver are expected to drop 2.1% in 2025.
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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.