Category: british columbia
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Canadian Household Wealth Just Hit $19.1 Trillion, But Most Financial Assets Are Owned By The Richest 20%
Canadian households are collectively wealthier than ever, but new data shows those gains are far from evenly distributed. Household net worth in Canada climbed to a record $19.1 trillion in the second quarter of 2026, according to new Statistics Canada data released September 11. That was a 2.9% increase in just three months, driven largely…
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BC Home Sales Are Still More Than 25% Below Normal
British Columbia’s housing market is showing signs of slowly recovering, but home sales are still nowhere close to what would normally be expected at this time of year. A total of 5,653 residential properties sold across B.C. in August 2026, according to the latest data from the British Columbia Real Estate Association. That was 4.7%…
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What $600K Gets You In Toronto vs Vancouver vs Atlantic Canada Right Now
A $600,000 home-buying budget can get you a dramatically different property depending on where you live in Canada. In downtown Toronto, around $600,000 can get you a two-bedroom condo. In Vancouver, the same budget can mean a one-bedroom condo measuring just over 600 square feet. But head east to Atlantic Canada and suddenly buyers are…
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The Bank Of Canada Just Warned Interest Rates Could Go Up More Than Once
Canadians who have been waiting for interest rates to fall could be in for a surprise, because the Bank of Canada is now warning that rates may need to go up again. The Bank of Canada held its policy interest rate at 2.25% on September 2, keeping it unchanged for another meeting. But what Governor…
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Every Province Ranked by Housing Affordability in Canada
Housing affordability looks very different depending on where you live in Canada. In some provinces, average home prices remain below $400,000. In others, buyers are still facing price tags close to or above $800,000, even after several years of market cooling. Based on the latest available provincial home price data, here is how every Canadian…
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Canada’s Housing Market Has Now Seen Its Largest Price Correction In History
Canada’s housing market has experienced one of the most dramatic booms in history, and according to new data, it’s now experiencing its largest correction on record. New figures from the Bank for International Settlements (BIS) show national home prices have fallen significantly since peaking in early 2022. Once inflation is factored in, prices have dropped…
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Canada’s Plan To Buy Unsold Condos Is Sparking Debate Over A Potential Developer Bailout
The federal government’s plan to purchase thousands of unsold condominiums in British Columbia is generating both support and criticism as Canada’s housing slowdown continues. Prime Minister Mark Carney recently announced a partnership with the Government of British Columbia to convert more than 2,200 vacant condominium units into affordable housing. Supporters say the plan could quickly…
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Canada’s Housing Market Is Showing Signs Of Life After A Slow Start To Spring
Canada’s housing market may finally be gaining momentum after a sluggish start to 2026. New data from the Canadian Real Estate Association (CREA) shows national home sales jumped 5.5% between April and May, marking the strongest month-over-month increase so far this year. The rebound comes after months of weak activity that left many wondering whether…
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Canadian Home Sales Jumped 5.5% In May But Home Prices Are Still Falling
Canada’s housing market showed signs of life in May, with home sales posting their largest monthly increase this year. However, despite the surge in activity, home prices continue to trend lower across much of the country. New data from the Canadian Real Estate Association (CREA) shows national home sales rose 5.5% between April and May…
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Canada’s Population Has Fallen by More Than 230,000 People Since Its Peak
Canada’s population continues to decline after a period of record-breaking growth, according to new data from Statistics Canada. The latest population estimates show Canada’s population fell by approximately 55,000 people in the first quarter of 2026, marking the third consecutive quarterly decline. While the country’s population remains above 41 million people, it has now fallen…
