Category: Uncategorized
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Falling Lumber Prices and Canada’s Housing Outlook
US lumber prices have ↓ ~25% since early August, raising concerns for Canada’s housing market. Falling lumber prices often signal slowing construction demand or excess supply in the housing sector. Canadian mills face oversupply, especially in Western Canada, causing low prices and reduced profits. Lower lumber costs may ease construction prices, but high duties and…
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Could Rate Cuts Spark Hope for North American Housing?
North America's housing market faces a crossroads: rate cuts soften pressure, but affordability struggles remain widespread. Despite lower borrowing costs, U.S. home prices surged 50% since 2020, far outpacing income growth. Homebuilders and lenders gain momentum as slightly cheaper loans breathe life into construction and refinancing. The “golden handcuff effect” keeps many owners locked in…
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BC Housing Starts Remain Largely Flat in 2025
Single-Detached Housing Starts in Jan–Aug: 2,631 units, ↓ 10% yearly All Others Housing Starts in Jan–Aug: 26,056 units, ↑ 1% yearly Total Housing Starts in Jan–Aug: 28,687 units, no change yearly Canada Total Housing Starts in Aug: 3,806 units, ↓ 10% yearly Canada Total Housing Starts in Jan–Aug: 156,283 units, ↑ 4% yearly
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Funding boost will help local governments deliver homes quicker
B.C. is investing $9 million in the Local Government Development Approvals Program to help municipalities streamline permitting and development approvals, speeding up housing delivery. The program supports projects that improve efficiency, such as digital permitting and updated bylaws. Past funding helped cities like Burnaby and Nanaimo cut approval times significantly. The next intake opens in…
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BC awards more funding support for local home building, despite lagging progress
BC is investing $9 million in the Local Government Development Approvals Program to streamline permitting and speed up housing delivery. This aims to help local governments overcome delays and meet housing needs more efficiently. Despite efforts, only 3 of 10 high-need cities met housing targets in the latest report, highlighting ongoing challenges in meeting provincial…
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How the 2025 Federal Housing Plan Could Impact Your Next Move
Ottawa targets 500,000 new homes per year, reviving large-scale federal involvement in housing construction not seen since the 1970s. The plan introduces GST rebates, tax incentives, shared-equity schemes, and loan support to lower costs and accelerate building. Analysts warn doubling output will be challenging given reliance on private developers and limited social housing contributions. The…
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कनाडा में रियल एस्टेट कीमतें लगभग सर्वकालिक उच्च स्तर पर, ओंटारियो और बीसी को छोड़कर
कनाडा में घरों की कीमतें राष्ट्रीय स्तर पर 19.4% गिरी हैं, जिसका मुख्य कारण ओंटारियो और बीसी में तेज गिरावट है, जबकि अन्य आठ प्रांतों में हाल ही में रिकॉर्ड उच्च स्तर दर्ज किए गए हैं। ओंटारियो और बीसी में यह गिरावट जनसंख्या वृद्धि की धीमी गति के कारण नहीं, बल्कि बढ़ती ब्याज दरों के…
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Canada’s Luxury Housing Outlook 2025–2026
Ultra-luxury demand from wealthy buyers will keep $10M+ property sales resilient despite overall market softness in 2025–2026. Affordability and rate cuts will drive steady luxury sales growth in select Canadian cities through 2026. Economic stability and migration trends support sustained price and sales gains in high-end segments nationwide. High prices and weak buyer confidence will…
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Nearly 250 rental homes underway in Township of Langley
Construction has begun on nearly 250 rental homes in Langley Township at two sites, supported by BC Builds to fast-track housing for middle-income residents. The Aldergrove site will offer 128 homes with a library and community spaces, while Willoughby will have 118 homes with rooftop amenities. Seventy percent of units will be market rate, and…
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Canadian Home Sales: Continued Strength & Growth
Slide 1: Canadian home sales rose 3.8% in July, marking a fourth straight monthly increase. Slide 2: Year-over-year sales jumped 6.6%, showing strong buyer interest despite tariffs and uncertainty. Slide 3: Home prices remained mostly steady, but slipped 3.4% compared to last year. Slide 4: New listings fell slightly by 2.9%, raising the sales-to-new-listings ratio…