Tag: Vancouver real estate
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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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Desjardins Says Some Canadian Cities Have Become “Impossibly Unaffordable”
A new housing affordability warning from Desjardins is drawing attention across Canada after the bank suggested some major cities have entered what it calls “impossibly unaffordable” territory. According to the report, homeownership in cities like Vancouver and Toronto is increasingly moving out of reach for average households as housing costs continue to far outpace incomes.…
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Vancouver Was Just Ranked Canada’s Most Walkable City
Vancouver has been named one of the most walkable cities in the world. According to Time Out’s 2026 ranking of the world’s most walkable cities, Vancouver placed 17th globally with a walkability score of 78%. It was also the only Canadian city to make the global list. The ranking was based on how locals rated…
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Bank of Canada cuts key interest rate for first time since March, bringing policy rate to 2.5%
The Bank of Canada has officially lowered its key interest rate for the first time since March 2025, cutting the policy rate by 25 basis points to 2.5%. The move had been widely anticipated by economists, as signs of economic weakness and cooling inflation have been building throughout the summer. Why Did the Bank of Canada…
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Vancouver Real Estate Market Update – June 2025
The Vancouver real estate market is shifting in June 2025, showing signs of softening as inventory rises and home prices in Vancouver begin to decline. For buyers, this presents an opportunity to enter the market with more options and negotiating power. For sellers, competitive pricing and preparation are now more critical than ever. 📊 Vancouver…
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Investors Account for 25% of B.C. Homebuyers: A New StatsCan Analysis
Real estate investors made up approximately one-quarter of homebuyers in British Columbia between 2018 and 2020, according to a newly released analysis by Statistics Canada. This data highlights the significant role investors play in B.C.’s real estate market, particularly in major metropolitan areas like Vancouver, Kelowna, and Victoria. Key Insights from the Statistics Canada Report…
Canada Housing Market 