Category: british columbia
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This $29.8M West Vancouver Mansion Looks Like A European Resort & Comes With A Heated Driveway
If you’ve ever wondered what nearly $30 million buys you in British Columbia’s luxury market, here’s your answer, and it looks like a private resort straight out of Lake Como. A new listing in West Vancouver’s British Properties just hit Realtor.ca for $29,800,000, and it’s easily one of the most over-the-top luxury homes on the market in Canada right now.…
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The Hidden Costs First-Time Buyers Always Forget (But Really Shouldn’t)
If you’re buying your first home in Ontario, don’t get blindsided by these surprise expenses. Buying your first home is one of the most exciting milestones in your life – but it’s also one of the most expensive. While most first-time buyers focus on saving for the down payment, there are several hidden costs that…
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Vancouver Housing Market Update – August 2025
After years of skyrocketing prices and tight competition, the Vancouver housing market is continuing to cool as of August 2025. Buyer activity has slowed, listings are climbing, and prices are beginning to soften, especially in the detached and luxury segments. While Vancouver still holds the title for some of the highest home prices in Canada,…
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Average Asking Rents for Two-Bedroom Apartments Across Canada – June 2025 Update
A new dataset from Statistics Canada and the Canada Mortgage and Housing Corporation (CMHC) provides a fresh look at average asking rents across Canada. The first quarter of 2025 reveals key differences between Canada’s largest cities and smaller, more affordable markets- many of which are experiencing rapid rent inflation. Canada’s Most Expensive Rental Markets In…
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Vancouver’s Rental Market Shifts: One of the City’s Largest Purpose-Built Projects Seeks Tenants
The completion of Signal, one of Vancouver’s largest purpose-built rental projects, marks a rare moment of opportunity for renters in the city’s notoriously tight housing market. But experts warn this supply surge may not last long. Developed by Intracorp Homes and Oxford Properties, the project includes two towers- 27 and 32 storeys- delivering over 500…
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Canadians Are Spending Less Time With Friends – Especially Working Adults, Says StatCan
A new report from Statistics Canada reveals a concerning trend in Canadian social life: face-to-face friendships are declining, particularly among working-age adults. In 2022, only 19.3% of Canadians reported seeing friends on an average day, compared to 47.9% in 1986. The most dramatic drop occurred among those aged 25 to 64, whose likelihood of seeing a friend fell from 42% to just 14% over…
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One-Third of Canadian Renters Say They Don’t Plan to Buy a Home
As affordability trends begin to shift slightly in Canada’s housing market, a significant number of renters remain hesitant, or straight up uninterested, in making the leap to homeownership. According to Royal LePage’s 2025 Canadian Renters Report, approximately one-third of renters across the country have no plans to purchase a home. While falling rents and softer…
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Canada Needs to Double Home Construction to Restore Affordability by 2035, Says CMHC
CMHC: 4.8 Million New Homes Needed to Close Canada’s Affordability Gap In a newly released report, the Canada Mortgage and Housing Corporation (CMHC) says that Canada must double its current pace of housing construction to restore affordability levels last seen in 2019. That means building between 430,000 and 480,000 homes per year– both in the…
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Canadian Home Prices Have Risen Nearly 7x Faster Than Wages Since 1981
A new report confirms what many Canadians have felt for years: real estate prices have far outpaced wages, making homeownership increasingly out of reach for younger generations. According to Statistics Canada and data compiled by Better Dwelling, real home prices in Canada increased by over 163% from 1981 to 2024, while median real wages for…
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Canadians Now Owe $1.85 for Every $1 They Earn
Feeling like your paycheck disappears the second it hits your account? You’re not alone. According to new data from Statistics Canada, Canadians now owe $1.85 in debt for every $1 of disposable income. That number reflects how fast household debt is rising across the country compared to how slowly incomes are growing. Debt Growth Is…
Canada Housing Market 