Category: Uncategorized
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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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Unsold condos in Metro Vancouver pile up despite Canada’s housing shortage
Over 2,000 newly built condos in Metro Vancouver remain unsold, with numbers expected to reach 3,500 by year-end due to economic uncertainty and affordability issues. High condo listings and slowed pre-sales have led some developers to pause or cancel projects. Experts cite low affordability and trade-related economic concerns. The government aims to increase housing starts…
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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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BC Takes Action on Short-Term Rentals
All short-term rental hosts in B.C. were required to register their listings by May 1, 2025. Over 20K listings are registered, indicating many units have shifted to long-term rental housing.
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BC Leads Canada With Highest Minimum Wage
BC's minimum wage ↑ 2.5% to $17.8/hour on June 1, 2025. BC currently has the highest minimum wage among Canadian provinces.
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BC Rental Restriction Risks Local Economic Collapse
BCREA urges exemptions as strict rental rules hurt tourism, film, and healthcare across local economies. Tourism-driven towns lack hotel space, and over-reliance drives record-high nightly rates across Metro Vancouver.
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Don’t Hire Blind: Ask Your Advisor These
What are your qualifications and how do you stay updated in financial planning? What is your investment approach and what services are included in your offering?
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U.S. टैरिफ्स के आर्थिक असर को देखते हुए, क्या B.C. को शॉर्ट-टर्म रेंटल्स पर अपनी पाबंदियाँ कम कर देनी चाहिए?
B.C. शॉर्ट-टर्म रेंटल्स के नियम और सख्त कर रहा है—अब होस्ट्स को रजिस्ट्रेशन कराना होगा और प्लेटफॉर्म्स को नियमों का पालन रिपोर्ट करना पड़ेगा, जबकि कुछ लोग नियमों में ढील देने की मांग कर रहे हैं। सरकार का मकसद टूरिज्म बढ़ाने के साथ-साथ हॉस्पिटैलिटी वर्कर्स के लिए सस्ती हाउसिंग भी सुनिश्चित करना है। Airbnb का…
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CREA Slashes 2025 Sales Forecast
Home sales forecast revised to 482,673 for 2025, down from 8.6% growth projected in January. March sales dropped 9.3% yearly, marking the weakest March since 2009 amid rate and tariff uncertainty.
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Dundarave 2025: Sunset Serenity by the Sea