Wendy McLeod, CIPS Certified International Property Specialist : Blog : Latest Blog Posts

VANCOUVER MARCH APARTMENT STATS

Sat, 04 Apr 2026 18:34:01 GMT

VANCOUVER MARCH TOWNHOME STATS

Sat, 04 Apr 2026 18:33:19 GMT

VANCOUVER MARCH DETACHED STATS

Sat, 04 Apr 2026 18:32:31 GMT

SPRING HAS SPRUNG:

Tue, 31 Mar 2026 22:57:47 GMT

Spring is here—the perfect time for a fresh start. Whether you're ready to elevate your current home or find a new one that fits your lifestyle, this season brings incredible opportunity. With strong inventory and motivated buyers and sellers, the market is full of possibilities.

Thinking of making a move? Let’s connect and make it happen.

Wendy McLeod

604-880-8109

NEW GST REBATE FOR FIRST TIME BUYERS

Mon, 23 Mar 2026 18:14:23 GMT

As of March 2026, the Canadian government is providing a new 100%

GST/HST rebatefor first-time home buyers on newly built or substantially renovated homes priced up to $1 million, offering up to $50,000 in savings. This rebate, which applies to agreements signed on or after March 20, 2025, can be applied at closing and applies to homes up to $1.5 million, with a reduced, partial rebate between $1M and $1.5M.

Key Details of New 2026 Rebate:

Eligibility: Must be a first-time home buyer (not owned a home in the last 4 years), a Canadian citizen/permanent resident, and the home must be a primary residence.
Property Type: New or substantially renovated homes.
Value Thresholds:
- Up to $1 million: 100% rebate of the 5% GST (up to $50,000).
- $1 million - $1.5 million: Partial rebate available.
- Over $1.5 million: No rebate.
Application Method: The rebate can be credited by the builder at closing or applied for directly through the CRA.
Top-up: This new rebate acts as a top-up if the buyer is also eligible for the existing GST/HST New Housing Rebate.
Timeline: Applies to agreements of purchase and sale entered into on or after March 20, 2025, and before 2031.

THE PACE OF SALES RUNNING WELL BELOW…

Mon, 09 Mar 2026 18:32:26 GMT

FEBRUARY 2026 STATS FOR TOWNHOMES (ATTACHED)

Mon, 09 Mar 2026 18:29:59 GMT

FEBRUARY 2026 STATS FOR APARTMENTS

Mon, 09 Mar 2026 18:29:09 GMT

FEBRUARY 2026 STATS FOR DETACHED HOMES

Mon, 09 Mar 2026 18:28:09 GMT

The Province of BC is moving ahead to have this the last time change for our Province.The change will take effect on Sunday, when clocks move ahead an hour. Permanent daylight time will mean that the typical falling back of clocks by an hour in November w

Tue, 03 Mar 2026 00:00:46 GMT

JANUARY 2026

Wed, 18 Feb 2026 19:44:20 GMT

Happy Family Day to one and all

Wed, 18 Feb 2026 19:25:37 GMT

Last year’s market trends continued in January as home sales registered on the MLS® in Metro Vancouver* were 28.5 per cent lower than last year, setting the year off to a quieter start.

Mon, 16 Feb 2026 19:20:41 GMT

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,107 in January 2026, a 28.7 per cent decrease from the 1,552 sales recorded in January 2025. This was 30.9 per cent below the 10-year seasonal average (1,602).

"On their own, the January sales appear alarming, but it’s important to put these figures in the context of the past few years. Last year ended with one of the lowest sales totals in over two decades, and so it’s not surprising that the January sales figures were fourth slowest in over two decades as well. Market momentum is a slowly evolving force, and in many ways, the January figures represent a market that continues slowly evolving to what may be a new normal."Andrew Lis, GVR chief economist and vice-president, data analytics

There were 5,157 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2026. This represents a 7.3 per cent decrease compared to the 5,566 properties listed in January 2025. This was 19.4 per cent above the 10-year seasonal average (4,318).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,628, a 9.9 per cent increase compared to January 2025 (11,494). This is 38 per cent above the 10-year seasonal average (9,153).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for January 2026 is 9.1 per cent. By property type, the ratio is 6.7 per cent for detached homes, 11.1 per cent for attached, and 10.3 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

"Our recent 2026 forecast suggests this year is likely to resemble 2025 on many fronts, and we expect sales to remain tepid. When paired with sellers remaining eager to list, inventory will likely remain elevated relative to historical averages and, as a result, we expect prices to finish the year relatively unchanged. As consumers adjust to the ongoing backdrop of political and economic uncertainty, we expect a degree of pent-up demand to re-enter the market at some point. Whether it will happen in 2026 remains an open question, and we’ll be watching the market closely for signs of improvement."

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,101,900. This represents a 5.7 per cent decrease over January 2025 and a 1.2 per cent decrease compared to December 2025.

Sales of detached homes in January 2026 reached 300, a 21.1 per cent decrease from the 380 detached sales recorded in January 2025. The benchmark price for a detached home is $1,850,800. This represents a 7.3 per cent decrease from January 2025 and a 1.5 per cent decrease compared to December 2025.

Sales of apartment homes reached 554 in January 2026, a 34.5 per cent decrease compared to the 846 sales in January 2025. The benchmark price of an apartment home is $704,600. This represents a 5.9 per cent decrease from January 2025 and a 0.8 per cent decrease compared to December 2025.

Attached home sales in January 2026 totalled 246, a 23.4 per cent decrease compared to the 321 sales in January 2025. The benchmark price of a townhouse is $1,043,400. This represents a 5.4 per cent decrease from January 2025 and a 1.2 per cent decrease compared to December 2025.

Regional overview CMHC

Fri, 13 Feb 2026 18:56:48 GMT

Resale markets will show signs of recovery but remain below long-term averages.
Housing starts will continue to slow down in 2026, with a more significant decline expected in 2027 – 2028.
Rental market affordability will continue to improve as high vacancies and slower rent growth persist.
Lower condominium presale activity will limit new condominium construction over the next 3 years.

British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets

British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.

In 2026, employment conditions will improve with unemployment trending lower and labour force growth slowing. However, slower public sector job growth is likely to limit some of this recovery, keeping unemployment rates historically high. Wage growth is expected to pick up as the labour market tightens, after slowing in 2025.

We expect B.C. to experience a smaller negative impact from global trade volatility compared to other provinces with larger manufacturing sectors. U.S. lumber tariffs and weaker U.S. homebuilding activity may affect the softwood lumber industry, but these impacts will likely be limited to Northern and Interior markets, rather than the Lower Mainland and South Coast.

The sectors tied to technology and professional services have been B.C.’s fastest growing over the past decade (Figure 1). We expect these sectors to play an even larger role in the coming years. Employment and investment in these sectors will drive some housing demand, especially in major urban centres.

Figure 1: Employment in B.C. Has Become More Concentrated in Professional and Tech Sectors
Full-Time Employment, Select Industries, 2014 = 100

Construction: 121.9

Real estate and rental and leasing: 109.3

Health care and social assistance: 122.5

Forestry, fishing, mining, quarrying, oil and gas: 94.4

Professional, scientific and technical services: 125.1

2018

Source: CMHC, Statistics Canada

Text version (Figure 1)

Full-Time Employment, Select Industries, 2014 = 100
Year	Construction	Real estate and rental and leasing	Health care and social assistance	Forestry, fishing, mining, quarrying, oil and gas	Professional, scientific and technical services
2014	100	100	100	100	100
2015	101.7	83.9	106.8	101.4	109.7
2016	107.2	91.5	111.4	99.2	112.7
2017	118.8	111.5	116.5	101.0	116.9
2018	121.9	109.3	122.5	94.4	125.1
2019	124.2	115.4	121.7	87.1	135.3
2020	111.3	110.7	122.2	77.9	138.2
2021	112.7	103.4	133.1	92.4	153.4
2022	116.5	104.9	143.4	89.9	164.4
2023	116.6	114.9	150.0	96.6	170.9
2024	123.5	127.6	160.0	101.8	176.7
2025	129.5	124.4	160.2	84.9	180.2

International migration to B.C. will continue to decline in 2026, as seen in 2025. This decline is largely due to slower non-permanent resident flows. As a result, rental and investor demand will be impacted, limiting resale activity. On the other hand, improving affordability in Vancouver and Victoria over the past year will reduce the number of people leaving these regions for other parts of B.C. and other provinces.

Slower rental demand and rising costs will decrease new home starts

New home construction in B.C. markets will trend lower in 2026, following strong activity in the apartment segment in 2025. This will be a departure from our summer forecast, where we forecasted a slight increase in 2026. New home construction will continue to decrease later in the forecast period, due to weak supply and demand.

Apartment construction in urban centres across the province has been strong in recent years, driven by favourable policy and financing incentives for rental supply and consistent demand. However, construction conditions have become increasingly difficult, with builders citing rising costs as a significant barrier for new construction.

A significant decline in condominium presales, in Vancouver and Victoria, has stalled many planned projects. We expect more condominium projects to be postponed or cancelled in 2026, with these effects extending into 2027 and 2028.

Rental construction will also start to slow in the second half of 2026, as developers respond to higher vacancy rates and slower rent growth that we observed in our 2025 Rental Market Report. While many projects currently in the pipeline will contribute to housing starts in 2026, we expect a continuous slowdown in project proposals and construction into 2028. Similar to condominium construction, developers face challenges from high material and regulatory costs, weaker rent growth and slower absorptions, making new rental projects increasingly difficult.

Ground-oriented construction, representing single-detached, semi-detached and townhomes, will stay relatively stable in 2026, with some growth expected in 2027 and 2028. While single-detached will continue to be weak in the Vancouver CMA, these homes will still be in demand, especially in more affordable regions like Victoria and Abbotsford. At the same time, demand for denser ground-oriented homes will increase in the Vancouver CMA, as they offer a more affordable option.

Resales are expected to increase moderately in 2026

After a historically weak 2025, the resale markets in Vancouver and Victoria will show some recovery in 2026. However, this rebound will likely remain below historical averages. Since our summer Housing Market Outlookupdate, resale markets have remained persistently weak. Despite lower mortgage rates in 2025, a weaker labour market and ongoing economic uncertainty kept resales slow. High accumulated listings and a softer rental market also contributed to this slowdown.

A stronger labour market and continued low mortgage rates will support more resales in 2026. Expectations of interest rate increases in 2027 may prompt some waiting buyers to enter the market sooner. Improved affordability for higher-priced homes will boost resales, but entry-level home prices are expected to stay steady.

Sales growth will likely slow in 2027 and 2028 in Vancouver and Victoria due to ongoing demographic and pricing challenges. Softer rental markets will dampen individual investor activity, especially in the condominium market.

Average prices supported by rebound in activity, but growth will be limited

Resale prices are expected to rise moderately in 2026, supported by higher sales as markets shift toward more balanced conditions. Beyond 2026, price growth will likely remain low, with average prices unlikely to reach the highs seen in recent years. Rising mortgage rates expected in 2027 will limit increases in borrowing capacity (Figure 2), further limiting price growth during that time and beyond.

Figure 2: Borrowing Capacity Limits Will Limit Price Growth in B.C. Markets

Note: Borrowing capacity calculated using 5 year fixed mortgage rate assumptions and the average wage of a full-time salaried worker in BC aged 25 – 54.

Text version (Figure 2)

Despite a slower resale environment, prices in Vancouver and Victoria have remained relatively stable, especially compared to declines in Toronto. This stability will likely persist, but price adjustments are expected in specific higher-priced areas and home types within these regions. Recent price declines and lower mortgage rates have made ownership more favourable. Some current renters will be more incentivized to transition to homeownership over the next year, as the gap between owning costs and renting costs shrink (Figure 3).

Prices in urban areas will remain stronger than those further away. Efforts to bring employees back to offices will increase demand for homes closer to city centres. Meanwhile, improved affordability in areas further from urban centres will slow interprovincial population outflows, supporting some demand in those regions.

The mix of homes sold will also support average prices. With a large supply of condominiums expected to be completed in the next year, those entering the resale market will likely have higher prices, which will help support average prices. However, real appreciation of homes is unlikely to fully recover from recent declines.

Figure 3: The Gap Between Owning and Renting an Apartment Has Shrunk in Metro Vancouver ($)

Note: Carrying cost includes assumptions for a 20% downpayment, 25-year amortization, the prevailing discounted 5 year fixed mortgage rate, property taxes, and condo fees.

Rental markets will see elevated vacancies maintained for 2026

Vacancies rose sharply in 2025 in most centres across the province, with Vancouver reaching its highest levels in over 30 years. We expect these elevated vacancy rates to persist in 2026 into 2028. Recent changes to immigration policy have reduced rental demand across the province, while many new rental units are set to be completed in the next few years.

We expect international migration to remain slower over the next few years, at least until 2028. Since migrants are a primary source of demand for rental units in major centres, the uptake of new rental inventory will likely stay below previous levels. Youth unemployment will also be a significant factor. High unemployment rates are preventing many young people from entering the rental market, leading them to either share housing with a roommate or stay with their parents. As the economy recovers, delayed household formations could lead to an increase in rental demand.

High vacancies will keep average rent growth slow. As we saw in 2025, average rent growth was at the lowest rate we’d seen in over a decade, outside of the pandemic period. Rent growth on turnover is likely to continue slowing, while rent increases for existing tenancies will likely be close to zero. However, the influx of newly completed rental units expected to enter the rental market will raise average rents due to their higher prices.

Affordability will continue to improve as rent growth remains stalled and renters have more options available.

This forecast is subject to risks

Resale markets in B.C may experience extended downturns in both price and volume, if labour markets do not meaningfully improve in the next year. In that scenario, prices will likely remain flat or move lower to adjust for lower demand. Mortgage rates rising more and earlier than expected will also negatively impact resale activity in the province.

The current cross-border and international trade environment adds risk to the forecast. If more negative outcomes to trade are imposed on B.C specific exports like lumber and energy, local economies will be impacted. Similarly, changes to domestic policy in the United States may impact purchasing behaviours and rental demand of dual citizens and cross-border workers.

On the other hand, if international migration patterns reverse, and inflows return to historical averages, housing demand will increase, especially for rental markets. This would lead to lower vacancy rates and higher rent growth.

Vancouver

Key highlights

Resale market will rebound moderately as activity moves toward more balanced conditions.
Home prices will stabilize in 2026, with slight increases possible. However, significant growth is unlikely in the following years.
Housing starts will continue to decline due to high construction costs and weak demand.
Vacancies will remain high as rental units started over the past 4 years enter the market, slowing rent growth and improving affordability.

Resale activity in the Vancouver CMA will recover moderately in 2026 after the slowest resale rate in over 20 years. While sales activity will see moderate growth later in 2027 and 2028, it will remain below the 10-year average throughout the forecast period.

This recovery will likely be concentrated in areas closer to the city centre, where prices have remained resilient over the past year, especially for apartment condominiums. On the other hand, newer condominiums south of the Fraser may require further price adjustments before sales improve. The push for employees to return to the office is a key factor driving this difference.

For ground-oriented attached homes, such as semi-detached and townhomes, North Fraser communities like Coquitlam are expected to perform well due to their competitive pricing and commuting distance from downtown. Price growth of single-detached homes across the region will be limited due to their high levels, but these prices are unlikely to decline further as many have already reverted to 2021 levels.

New home construction for ground-oriented housing will follow similar geographical patterns in the resale market. In the City of Vancouver, new single-detached construction will continue to be rare, with existing homes being replaced by semi-detached or denser housing types. Multiplex construction will continue but may slow as opposition to these forms grows in some Metro Vancouver cities. Construction of more common forms, like townhomes, will grow moderately over the next few years.

Declining apartment starts will be the main driver in lower total starts over the forecast period. Weak condominium apartment sales in recent years and uncertainty about future price growth have significantly slowed presales. With very few presales, developers will find it difficult to proceed with new condominium projects, resulting in limited apartment condominium starts over the next 2 years.

We also expect the recent trend of growth in rental apartment construction to decline in the second half of 2026. Softer rental market conditions throughout Metro Vancouver will make it harder for projects to move past the planning stages as viability becomes more difficult. While some municipal governments, like the City of Vancouver, are proposing policies to reduce development cost charges and boost apartment construction, these changes are unlikely to result in housing starts until late in 2027.

Vacancies will remain high as record numbers of under-construction rental apartments are completed over the next 3 years. Most of these units are concentrated in and near the City of Vancouver, where demand for rental homes closer to the downtown core will meet some of this supply. Rent growth in Metro Vancouver will continue to be limited. Some landlords may lower asking rents or offer incentives to compete with the growing availability of supply. As a result, rental affordability will continue to improve over the next 3 years.

Forecast Summary (Vancouver CMA)
Date	New Home Market Starts			Resale Market		Rental Market
Date	Ground-oriented	Apartments	Total	MLS® Sales	MLS® Average Price ($)	Vacancy rate (%)	Average Rent Two Bedrooms ($)
2023	5,668	27,576	33,244	36,377	1,216,622	0.9	2,181
2024	4,830	23,282	28,112	36,099	1,234,969	1.6	2,314
2025	5,341	21,844	27,185	30,818	1,183,970	3.7	2,363
2026 (F) Low	5,300	17,400	22,700	27,900	1,111,000	4.1	2,381
2026 (F) High	6,400	21,200	27,600	40,000	1,348,000	4.1	2,381
2027 (F) Low	4,800	16,200	21,000	29,300	1,111,000	4.2	2,443
2027 (F) High	6,900	18,700	25,600	42,900	1,353,000	4.2	2,443
2028 (F) Low	4,700	16,300	21,000	31,800	1,124,000	4.0	2,516
2028 (F) High	7,900	17,600	25,500	47,600	1,373,000	4.0	2,516

Source: Greater Vancouver REALTORS, Fraser Valley Real Estate Board, CMHC

The forecasts included in this document are based on information available as of January 15, 2026.

Victoria

Key highlights

Resale activity will pick up in 2026 as buyers act ahead of expected higher mortgage rates in 2027, while high inventory levels will moderate price growth.
New construction will continue to rise in 2026, led by rental apartment projects, before slowing down as condominium demand softens.
Rental market vacancies will remain high in 2026 as new supply outpaces demand, limiting rent growth and improving affordability.

Sales activity in the Victoria CMA is expected to recover modestly in 2026 after slowing in late 2025. This recovery will be supported by low interest rates and buyer urgency ahead of anticipated rate hikes in 2027. This rebound will provide some near-term momentum in 2026. However, growth is expected to soften through 2027 and 2028 as slower population growth and labour market challenges begin to reduce demand.

Elevated inventory levels will give buyers more options, with many delaying purchases in hopes of further price moderation. Price growth will increase slightly in 2026, driven by improved sales activity, before stabilizing over the rest of the forecast period. While Victoria’s market has avoided the significant softening seen in larger centres, growing new-home inventory and economic uncertainty will limit the upside potential of price growth.

We forecast housing starts to rise in 2026, marking another year of growth. However, this momentum will slow through 2027 and 2028 as developers take a more cautious approach amid softening market conditions. Rising interest rates and potential tariffs on building materials will add cost pressures, further constraining project viability.

Apartment construction will continue to drive new supply, with starts increasing in 2026 before moderating later in the forecast period. Government incentives and a structural shift toward higher-density housing continue to support this segment, but weak condominium demand and softening rental market conditions will limit large projects.

Ground-oriented construction will only increase marginally in 2026, as developers pivot away from lower-density construction. Elevated unabsorbed inventory, particularly in row and semi-detached units, combined with softer demand, will discourage new starts in this segment.

We expect rental market conditions to soften further in 2026. A significant number of new purpose-built rental units will be completed, adding to supply at a time when demand is weakening. Declining asking rents and increased incentives from landlords reflect growing competition for tenants, particularly in higher-priced units. Slower population growth and labour market weakness will continue to challenge rental demand, improving affordability over the next 3 years.

Forecast Summary (Victoria CMA)
Date	New Home Market Starts			Resale Market		Rental Market
Date	Ground-oriented	Apartments	Total	MLS® Sales	MLS® Average Price ($)	Vacancy rate (%)	Average Rent Two Bedrooms ($)
2023	752	4,238	4,992	5,934	982,350	1.6	1,839
2024	779	3,411	4,185	6,582	973,702	2.6	1,993
2025	908	3,951	4,859	6,605	1,011,263	3.3	2,120
2026 (F) Low	750	3,750	4,500	6,200	1,007,000	3.6	2,190
2026 (F) High	1,000	4,950	5,950	7,800	1,071,200	3.6	2,190
2027 (F) Low	600	4,050	4,650	5,950	988,700	3.4	2,340
2027 (F) High	1,100	5,050	6,150	8,330	1,164,300	3.4	2,340
2028 (F) Low	500	4,100	4,600	5,670	963,900	3.0	2,410
2028 (F) High	1,200	4,900	6,100	8,850	1,257,700	3.0	2,410

Source: CREA, CMHC

The forecasts included in this document are based on information available as of January 15, 2026.

What’s next for Canada’s housing market?

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Our Chief Economist and Deputy Chief Economists

Our Chief Economist and Deputy Chief Economists lead a cross-country team of housing economists, analysts and researchers who strive to improve understanding of trends in the economy, housing markets, and how they impact affordability.

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Chief Economist and Senior vice-president, Housing Insights
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Deputy Chief Economist
Kevin Hughes
Deputy Chief Economist
Tania Bourassa-Ochoa
Deputy Chief Economist

Is a rebound coming?

Sun, 11 Jan 2026 23:09:57 GMT

Homebuyers have the edge to start 2026

"With sales down and inventory remaining plentiful, prices eased across all property types since the start of 2025. Sales and prices weren't the only metrics that came down, borrowing costs fell nearly one full percentage point.

With lower prices, lower borrowing costs, and plenty of inventory to choose from, homebuyers in 2026 are starting the year with favorable conditions. Whether these conditions translate into a market with stronger demand will be the million-dollar question - and we'll be monitoring this story closely as it unfolds."

Andrew Lis, VR chief economist and vice-president, data analytics

GREATER

VANCOUVER

REALTORS

2025 Year-End

2025 saw lowest annual sales total in over two decades

2025 Year-End MLS®

Housing Market Report

YEAR END STATS FOR APARTMENTS 2025

Sun, 11 Jan 2026 23:04:33 GMT

YEAR END STATS FOR DETACHED HOMES 2025

Sun, 11 Jan 2026 23:03:52 GMT

YEAR END SALES STATS FOR ATTACHED HOMES 2025

Sun, 11 Jan 2026 23:03:07 GMT

Vancouver Real Estate Stats for November - APARTMENTS

Sat, 13 Dec 2025 21:28:05 GMT

Vancouver Real Estate stats for November - DETACHED HOMES

Sat, 13 Dec 2025 21:27:13 GMT

Vancouver Real Estate Stats for November - ATTACHED HOMES (TOWNHOMES)

Sat, 13 Dec 2025 21:22:37 GMT

November 11th

Thu, 06 Nov 2025 18:33:34 GMT

October Stats for Townhomes - Attached

Wed, 05 Nov 2025 19:24:34 GMT

October Stats for Apartments

Wed, 05 Nov 2025 19:22:43 GMT

October stats for Single Family homes

Wed, 05 Nov 2025 19:19:52 GMT

Slow Sales and High Inventory Gives Buyers the Edge

Wed, 05 Nov 2025 18:57:12 GMT

Slow sales and high inventory give buyers the edge in October

Home sales registered on the MLS® in Metro Vancouver were 14 per cent lower than last October, as the trend of slower sales and building inventory creates favourable conditions for those looking to buy in the fall market.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,255 in October 2025, a 14.3 per cent decrease from the 2,632 sales recorded in October 2024. This was 14.5 per cent below the 10-year seasonal average (2,638).

“October is typically the last month of the year where sales activity sees a seasonal uptick, but sales still fell short of last year’s figures and the ten-year seasonal average,” said Andrew Lis, GVR’s chief economist and vice-president of data analytics. “Even the fourth cut this year to the Bank of Canada’s policy rate this October wasn’t enough to entice more buyers back into the market.”

There were 5,438 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2025. This represents a 0.3 per cent decrease compared to the 5,452 properties listed in October 2024. This was 16.3 per cent above the 10-year seasonal average (4,676).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,393, a 13.2 per cent increase compared to October 2024 (14,477). This total is 35.9 per cent above the 10-year seasonal average (12,063).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for October 2025 is 14.2 per cent. By property type, the ratio is 11.3 per cent for detached homes, 17.6 per cent for attached, and 15.5 per cent for apartments.

“After peaking in June, inventory levels have edged lower, and prices have eased across all market segments as slower-than-usual sales activity meets the highest inventory levels seen in many years,” Lis said. “With no further reductions to the Bank of Canada’s policy rate expected in 2025, market conditions appear as favorable for buyers as they’ve been all year.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,132,500. This represents a 3.4 per cent decrease over October 2024 and a 0.8 per cent decrease compared to September 2025.

Sales of detached homes in October 2025 reached 693, a 4.3 per cent decrease from the 724 detached sales recorded in October 2024. The benchmark price for a detached home is $1,916,400. This represents a 4.3 per cent decrease from October 2024 and a 0.9 per cent decrease compared to September 2025.

Sales of apartment homes reached 1,071 in October 2025, a 23.1 per cent decrease compared to the 1,393 sales in October 2024. The benchmark price of an apartment home is $718,900. This represents a 5.1 per cent decrease from October 2024 and a 1.4 per cent decrease compared to September 2025.

Attached home sales in October 2025 totalled 477, a 4.8 per cent decrease compared to the 501 sales in October 2024. The benchmark price of a townhouse is $1,066,700. This represents a 3.8 per cent decrease from October 2024 and a 0.3 per cent decrease compared to September 2025.

Download GVR's October 2025 MLS® Housing Market Report

Bank of Canada Drops the Rates.25%

Wed, 29 Oct 2025 21:08:25 GMT

Bank of Canada Lowers Policy Rate to 2.25%

Today, the Bank of Canada lowered the overnight policy rate by 25 bps to 2.25% as was widely expected. This is the bottom of the Bank's estimate of the neutral overnight rate, where monetary policy is neither expansionary nor contractionary. The economy will grow at about a 0.5% pace in Q3, causing the Bank to cut rates again at the final meeting this year on December 10. The easing will then end, but rates will remain relatively subdued until more trade uncertainty is alleviated.

The Fed is widely expected to cut rates by 25 bps this afternoon as well.

Today's Monetary Policy Report suggests that the significant decline in export growth will persist for some time. Layoffs in trade-dependent sectors have already slowed considerably, especially in Ontario, Quebec, and some softwood lumber businesses in several provinces. The central bank acknowledged that "because US trade policy remains unpredictable and uncertainty is still higher than usual, this projection is subject to a wider-than-normal range of risks."

"In the United States, economic activity has been strong, supported by the boom in AI investment. At the same time, employment growth has slowed and tariffs have started to push up consumer prices. Growth in the euro area is decelerating due to weaker exports and slowing domestic demand. In China, lower exports to the United States have been offset by higher exports to other countries, but business investment has weakened. Global financial conditions have eased further since July and oil prices have been fairly stable. The Canadian dollar has depreciated slightly against the US dollar."

"Canada’s economy contracted by 1.6% in the second quarter, reflecting a drop in exports and weak business investment amid heightened uncertainty. Meanwhile, household spending grew at a healthy pace. US trade actions and related uncertainty are having severe effects on targeted sectors, including autos, steel, aluminum, and lumber. As a result, GDP growth is expected to be weak in the second half of the year. Growth will get some support from rising consumer and government spending and residential investment, and then pick up gradually as exports and business investment begin to recover."

Canada's labour market remains soft, and job vacancies have declined sharply despite the September improvement in job growth. Job losses continue to mount in trade-impacted sectors, and hiring has been weak across the economy. The unemployment rate remained at 7.1%, well above the US rate of 4.3%. Slower population growth translates into fewer new jobs and less inflation pressure. On a per capita basis, the economy is already in a recession.

The Bank projects GDP will grow by 1.2% in 2025, 1.1% in 2026 and 1.6% in 2027. Quarterly, growth strengthens in 2026 after a weak second half of this year. Excess capacity in the economy is expected to persist and be gradually absorbed.

"CPI inflation was 2.4% in September, slightly higher than the Bank had anticipated. Inflation excluding taxes was 2.9%. The Bank’s preferred measures of core inflation have been sticky around 3%. Expanding the range of indicators to include alternative measures of core inflation and the distribution of price changes among CPI components suggests underlying inflation remains around 2.5%. The Bank expects inflationary pressures to ease in the months ahead and CPI inflation to remain near 2% over the projection horizon".

"If inflation and economic activity evolve broadly in line with the October projection, the Governing Council sees the current policy rate at about the right level to keep inflation close to 2% while helping the economy through this period of structural adjustment. If the outlook changes, we are prepared to respond. Governing Council will be assessing incoming data carefully relative to the Bank’s forecast."

Bottom Line

The Bank of Canada has shown its willingness to bolster the Canadian economy amid unprecedented trade uncertainty. While Canada is working hard to establish alternate trade partners, even China cannot replace the US in terms of proximity and cost-effectiveness, given the huge transport costs. China has stepped up its oil purchases to record levels, but larger oil flows east will require additional pipelines to BC. There is no market the size of the US market to replace exports of steel and aluminum. The US will also suffer from the economic impact of stepping away from the Canada-US-Mexico free trade deal. A renegotiation of the contract is likely to come before the end of next year. As of now, the US is signalling their desire to exit the agreement. We can only hope that cooler heads will prevail.

The auto industry is a case in point. Onshoring non-US auto production would require a 75% increase in US production and the construction of $50 billion in new factories. This would take years and significantly reduce the profitability of US auto companies.

Canada is the US's number one supplier of steel and aluminum, with its competitively low hydroelectric costs. It will take time for the US to create the capacity to replace aluminum imports from Quebec.

Canada is the number one trading partner for 32 American states, many of which are lobbying Washington to end this CUSMA bashing.

It will take time for Canada to adjust to this new reality, which leads us to conclude that another cut in overnight rates is probable at the next decision date on December 10.

Dr. Sherry Cooper
Chief Economist, Dominion Lending Centres
drsherrycooper@dominionlending.ca

Single Family Home Market update September 2015

Wed, 22 Oct 2025 16:46:21 GMT

Townhome Market Highlights September 2025

Wed, 22 Oct 2025 16:44:37 GMT

Apartment Market Highlights for September 2025

Wed, 22 Oct 2025 16:43:01 GMT

September 2025 Residential Market Report

Wed, 22 Oct 2025 16:13:49 GMT

Fall market favours buyers

Another Bank of Canada rate cut and easing prices helped home sales registered on the MLS® in Metro Vancouver edge higher relative to September last year. 

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,875 in September 2025, a 1.2 per cent increase from the 1,852 sales recorded in September 2024. This was 20.1 per cent below the 10-year seasonal average (2,348). 

“With another cut to Bank of Canada’s policy rate behind us, and markets pricing in at least one more cut by the end of the year, Metro Vancouver homebuyers have reason to be optimistic about the fall market,” said Andrew Lis, GVR’s director of economics and data analytics.  “Easing prices, near-record high inventory levels, and increasingly favourable borrowing costs are offering those looking to purchase a home this fall with plenty of opportunity.” 

There were 6,527 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2025. This represents a 6.2 per cent increase compared to the 6,144 properties listed in September 2024. This was 20.1 per cent above the 10-year seasonal average (5,434). 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,079, a 14.4 per cent increase compared to September 2024 (14,932). This is 36.1 per cent above the 10-year seasonal average (12,553). 

Across all detached, attached and apartment property types, the sales-to-active listings ratio for September 2025 is 11.3 per cent. By property type, the ratio is 8.5 per cent for detached homes, 12.7 per cent for attached, and 13.3 per cent for apartments. 

“The past few years have been quite challenging for the market, beginning with 2022’s rapid increase in interest rates, major political and policy shifts in subsequent years, and recent trade tensions with the USA weighing on the market,” Lis said. “With the acute impacts of these events now fading, we expect market activity to continue stabilizing to end the year, barring any unforeseeable major disruptions.” 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,142,100. This represents a 3.2 per cent decrease over September 2024 and a 0.7 per cent decrease compared to August 2025. 

Sales of detached homes in September 2025 reached 552, a 7 per cent increase from the 516 detached sales recorded in September 2024. The benchmark price for a detached home is $1,933,100. This represents a 4.4 per cent decrease from September 2024 and a 0.9 per cent decrease compared to August 2025. 

Sales of apartment homes reached 954 in September 2025, a 1.5 per cent increase compared to the 940 sales in September 2024. The benchmark price of an apartment home is $728,800. This represents a 4.4 per cent decrease from September 2024 and a 0.8 per cent decrease compared to August 2025. 

Attached home sales in September 2025 totalled 356, a 5.8 per cent decrease compared to the 378 sales in September 2024. The benchmark price of a townhouse is $1,069,800. This represents a 2.7 per cent decrease from September 2024 and a 0.9 per cent decrease compared to August 2025. 

Download the September 2025 GVR Residential Market Report.

Inflation Stronger than Expected

Tue, 21 Oct 2025 16:50:49 GMT

Canadian Inflation Stronger Than Expected

The Consumer Price Index (CPI) rose 2.4% on a year-over-year basis in September, up from a 1.9% increase in August. The acceleration in headline inflation from 1.9% in August was also larger than the median projection in a Bloomberg survey of economists, which was 2.2%.

On a year-over-year basis, gasoline prices fell less in September (-4.1%) compared with August (-12.7%) due to a base-year effect, leading to an acceleration in headline inflation. Excluding gasoline, the CPI rose 2.6% in September, after increasing 2.4% in August.

A slower year-over-year decline in prices for travel tours (-1.3%) and a larger increase in prices for food purchased from stores (+4.0%) also contributed to the upward pressure in the all-items CPI in September.

The CPI rose 0.1% month over month in September. On a seasonally adjusted monthly basis, the CPI was up 0.4%.

Gasoline prices fell 4.1% year over year in September after a 12.7% decrease in August. The smaller year-over-year decline was primarily due to a base-year effect. In September 2024, prices fell 7.1% month over month due, in part, to lower crude oil prices amid growing concerns of weaker economic growth, particularly in China and the United States. In September 2025, gasoline prices rose 1.9% monthly following refinery disruptions and maintenance in the United States and Canada, which put upward pressure on prices.

On a year-over-year basis, prices for travel tours fell 1.3% in September following a 9.3% decline in August. Despite typically declining on a month-over-month basis in September, travel tour prices rose 4.6% in the month. This was a result of higher prices for destinations in Europe and some parts of the United States, as significant events in destination cities put upward pressure on hotel prices.

Consumers paid 4.0% more year over year for food purchased from stores in September, following a 3.5% increase in August. Faster price growth was driven by increased prices for fresh vegetables (+1.9% in September, compared with -2.0% in August) and sugar and confectionery (+9.2% in September, compared with +5.8% in August).

Year-over-year grocery price inflation has generally trended upward since its most recent low in April 2024 (+1.4%). Grocery items contributing to the general acceleration included fresh or frozen beef and coffee, both due, in part, to lower supply.

Tuition fees, priced annually in September, increased 1.7% in 2025 compared with a 1.8% increase in 2024. Aside from 2019, the 2025 increase was the smallest since 1976, when the index was unchanged (0.0%).

In 2025, students from Prince Edward Island (+4.7%) experienced the largest price increase. At the same time, students from Nova Scotia (+1.1%) and Ontario (+1.1%) had the smallest increase, coinciding with a freeze on tuition fees in both provinces.

Bank of Canada Deputy Governor Rhys Mendes recently warned that traders may be putting too much emphasis on its two “preferred” core inflation measures, the so-called trim and median gauges.

In September, both CPI-median and CPI-trim came in hotter than economists were expecting. The average of these metrics was 3.15% in September, while the three-month moving average accelerated to 2.7%.

Mendes said the central bank is weighing a broader suite of gauges that suggest underlying price pressures are closer to its 2% target.

Shelter inflation rose 2.6% on an annual basis, while CPI excluding food and energy was 2.4%. CPI excluding eight volatile components and indirect taxes was 2.8%, up from 2.6%.

CPI excluding taxes accelerated to 2.9% from 2.4% the previous month.

The share of components within the consumer price index basket that are rising 3% and higher — another key metric that policymakers are watching closely — declined slightly to 38%.

All 10 Canadian provinces saw prices rising at a faster year-over-year pace in September compared with August. Quebec experienced the steepest price growth, reaching 3.3% last month.

Rent prices also accelerated nationally to 4.8%, led by a 9.8% increase in Quebec. Slower rent price growth of 1.8% in British Columbia moderated the national increase, the report noted.

Bottom Line

The report shows that underlying price pressures remain elevated, raising questions about how quickly the central bank can proceed with rate cuts to aid the tariff-hit economy.

Still, the acceleration in headline and most core measures was driven by a gasoline price base-year effect — a possible reason for analysts to look through the print.

Traders in overnight swaps pared bets on a rate cut next week, lowering the odds to about 65% from close to 80% before the report. The loonie jumped to the day’s high against the US dollar. Canadian debt fell across the curve, with the two-year yield rising about three basis points to a session high at 2.38%.

The ongoing trade war with the US drove the Bank of Canada to lower its policy rate by a quarter of a percentage point to 2.5% in September, marking the first cut in six months.

During their deliberations last month, some members of its governing council argued that more support would likely be needed given the softness in the economy, notably if the labour market weakened further.

Bank of Canada Governor Tiff Macklem recently described Canada’s labour market as “soft,” despite data showing the country added 60,400 jobs in September, which only partially reversed a decline of more than 100,000 positions over the previous two months.

The central bank will have to weigh recent economic weakness against concerns about firm core inflation over the past few months. The BoC will cut the overnight policy rate again by 25 bps to 2.25%, responding to its concern for the sectors hardest hit by tariffs, along with a housing market suffering from negative household psychology and overbuilding in the GTA and GVA.

Dr. Sherry Cooper
Chief Economist, Dominion Lending Centres
drsherrycooper@dominionlending.ca

Open House. Open House on Saturday, October 18, 2025 1:00PM - 3:00PM

Fri, 17 Oct 2025 09:07:44 GMT

Please visit our Open House at 402 PH2 2091 Vine Street in Vancouver. See details here

Open House on Saturday, October 18, 2025 1:00PM - 3:00PM

PENTHOUSE Living in the Heart of Kits! Experience boutique penthouse living on a beautiful tree-lined street, just steps to the best of Kitsilano—cafés, restaurants, shops, grocery stores, Kits Beach, and the upcoming Broadway Subway line. This bright and spacious 2-bed, 2-bath home offers large rooms, oversized closets, and airy layout streaming with natural light. Enjoy North Shore mountain views from your generous living area and cozy up by the gas fireplace on cool evenings. The bright kitchen and dining area have two private balconies, perfect for morning coffee or sunset views. Situated in a rainscreened 8-unit building, offering a true sense of community. Complete with 2 parking stalls and 1 storage locker. A perfect home for upsizers or downsizers alike—penthouse living at its best

Open House. Open House on Saturday, October 11, 2025 2:00PM - 4:00PM Hosted by Trace Lengsavath Baldwin

Thu, 09 Oct 2025 09:05:44 GMT

Please visit our Open House at 402 PH2 2091 Vine Street in Vancouver. See details here

Open House on Saturday, October 11, 2025 2:00PM - 4:00PM Hosted by Trace Lengsavath Baldwin

Open House. Open House on Sunday, October 12, 2025 2:00PM - 4:00PM Hosted by Trace Lengsavath Baldwin.

Thu, 09 Oct 2025 09:05:44 GMT

Please visit our Open House at 402 PH2 2091 Vine Street in Vancouver. See details here

Open House on Sunday, October 12, 2025 2:00PM - 4:00PM Hosted by Trace Lengsavath Baldwin.

Welcome to PH2 2091 Vine Street, Vancouver, BC

Wed, 08 Oct 2025 17:41:36 GMT

Welcome to this Penthouse in the heart of Kitsilano. Just steps to the vibrant West 4th avenue and all its cafes, boutiques, grocery stores, restaurants and pretty much anything you wnt, including a short walk to Kits Beach and pool. 2 bedrooms and 2 bath home with views to the North Shore, 2 parking and a locker. Great for upsizers or downsizers.

September 2-25 Market Insights

Wed, 08 Oct 2025 17:33:20 GMT

New property listed in Kitsilano, Vancouver West

Wed, 08 Oct 2025 09:04:15 GMT

I have listed a new property at 402 PH2 2091 Vine Street in Vancouver. See details here

August Market Insights

Thu, 02 Oct 2025 17:22:08 GMT

New property listed in West End VW, Vancouver West

Wed, 24 Sep 2025 09:04:19 GMT

I have listed a new property at 602 1165 Burnaby Street in Vancouver. See details here

Beautifully maintained 2-bedroom, 2-bathroom home in a solid concrete building right in the heart of the West End. Thoughtfully renovated with family living in mind, this home is ideal for both upsizers and downsizers alike. Enjoy bright natural light from 3 exposures North, South, and East with windows on three sides and even the kitchen. 2 enclosed solariums provide year-round enjoyment; one makes the perfect bright and quiet home office, with heated title floor. This home offers comfort and convenience with heat, hot water, parking, and storage included in the maintenance fee. A truly rare find in one of Vancouver’s most desirable neighbourhoods. Walk score 98 & bike score 93, a paradise! FIrst SHOWING Open House Sat Sept 27 1–3 PM

Open House. Open House on Saturday, September 27, 2025 1:00PM - 3:00PM

Wed, 24 Sep 2025 09:04:19 GMT

Please visit our Open House at 602 1165 Burnaby Street in Vancouver. See details here

Open House on Saturday, September 27, 2025 1:00PM - 3:00PM

I have sold a property at 406 2366 Wall Street in Vancouver

Thu, 18 Sep 2025 09:04:27 GMT

I have sold a property at 406 2366 Wall Street in Vancouver on Sep 10, 2025. See details here

ONE OF A KIND TOP FLOOR BRIGHT CORNER 1-bedroom + flex in the desirable Wall Street community. Soaring vaulted ceilings in 2 rooms, with opening windows gives an abundant natural light, 2 sliding doors open to a wraparound deck for tranquil indoor/outdoor living with green views. The thoughtful layout includes a bright kitchen with its own opening window, a flexible office/sitting area, and a cozy gas fireplace for winter nights. The bedroom offers "two closets" With privacy, light and character that’s rarely available, this home is the perfect blend of charm and function. A true hidden gem with its unique layout, natural light, and top-floor privacy, this suite is truly special. Completed exterior envelope, deck & window project in 2024. Don't miss your chance!

Bank of Canada Cuts Rate to 2.50% — What It Means for You

Wed, 17 Sep 2025 18:40:38 GMT

The Bank of Canada has just lowered its policy rate by 25 basis points to 2.50% — the lowest in three years. This move is big news for our real estate market here in Vancouver. Let’s look at what’s driving the cut and, more importantly, what it means if you’re buying or selling.

Why the Rate Was Cut

Slowing economy: GDP slipped ~1.6% in Q2.
Job market softening: Rising unemployment is a concern.
Inflation cooling: Still a touch high at the core, but trending down.
Global uncertainties: Tariffs and trade pressures are weighing on growth.

What It Means for Buyers

Lower borrowing costs: Variable-rate mortgages and loans tied to prime should ease.
Fixed-rate relief: Fixed mortgages may dip as bond yields adjust.
More purchasing power: Lower payments could let you aim higher or simply buy with more comfort.
Increased competition: More buyers entering the market means hot listings could see multiple offers — being pre-approved is key.

What It Means for Sellers

Bigger buyer pool: Lower rates invite more demand.
Quicker sales: Homes may move faster, especially in desirable neighbourhoods.
Stronger pricing power: More buyers can mean stronger offers — though local inventory levels matter.
Great timing to move up: If you’re selling and buying again, lower rates make upgrading more attractive.

A Few Things to Keep in Mind

This is a modest cut — it helps, but affordability challenges remain.
Fixed rates don’t always move right away. Locking in now could be a smart hedge.
Rate cuts can reverse if inflation heats up or the economy worsens.
Every market is different — what we’re seeing in Vancouver might not mirror other regions.

This rate cut creates momentum. Whether you’re thinking of buying, selling, or simply watching the market, it’s a great time to explore your options.

If you’d like to know how this change impacts your specific situation, let’s connect — I’d be happy to walk you through the numbers.

Wendy McLeod, Vancouver Realtor — your trusted guide in every market.

The Bank of Canada drops the Interest Rate to 2.5%

Wed, 17 Sep 2025 18:05:02 GMT

Bank of Canada lowers policy rate to 2½%

FOR IMMEDIATE RELEASE

Media Relations

Ottawa, Ontario

September 17, 2025

Today, the Bank of Canada lowered the overnight policy rate by 25 bps to 2.5% as was widely expected. Following yesterday's better-than-expected inflation report, the Bank believes that underlying inflation was 2.5% year-over-year.

Through the recent period of tariff turmoil, the Governing Council has closely monitored the risks and uncertainties facing the Canadian economy. Three developments triggered the Bank's rate cut. Canada's labour market softened further. Upward pressure on underlying inflation has diminished, and there is less upside to risk to future inflation with the removal of most retaliatory tariffs by Canada.

Considerable uncertainty remains. However, with a weaker economy and less upside risk to inflation, the Governing Council deemed that a reduction in the policy rate was appropriate to better balance the risks going forward.

"The Bank will continue to assess the risks, look over a shorter horizon than usual, and be ready to respond to new information."

Today's press release suggests that the global economy has slowed in response to trade disputes. In the US, business investment has been substantial, primarily driven by expenditures on Artificial Intelligence. However, consumers are cautious, and employment gains have slowed. It is nearly a certainty that the Federal Reserve will lower its overnight policy rate this afternoon.

"Growth in the euro area has moderated as US tariffs affect trade. China's economy held up in the first half of the year, but growth appears to be softening as investment weakens. Global oil prices are close to their levels assumed in the July Monetary Policy Report (MPR). Financial conditions have continued to ease, with higher equity prices and lower bond yields. Canada's exchange rate has been stable relative to the US dollar."

Canada's economy contracted in the second quarter, posting a growth rate of -1.6%. Exports fell by 27% in Q2 following a surge in exports in advance of tariffs in Q1. Business investment also fell in Q2. "In the months ahead, slow population growth and the weakness in the labour market will likely weigh on household spending."

Employment has declined in the past two months. "Job losses have largely been concentrated in trade-sensitive sectors, while employment growth in the rest of the economy has slowed, reflecting weak hiring intentions. The unemployment rate has moved up since March, hitting 7.1% in August, and wage growth has continued to ease."

Bottom Line

The Bank of Canada was pretty tight-lipped about future rate cuts, but given the current trajectory, we expect another rate cut when they meet again this fall. The next BoC decision date is October 29, and the central bank wraps up the year on December 10. We expect at least one more rate cut this year, ending the year with a policy rate of 2.0%-2.25%. This should help boost interest-sensitive spending, most particularly housing, where there is considerable pent-up demand.

The Bank will move cautiously, but with the Fed cutting rates again later this year, this gives the BoC cover. While some have questioned the Bank's easing in the face of 3% core inflation, other inflation measures suggest that underlying inflation is roughly 2.5%. The economic and labour market slowdown bodes well for another rate cut.

Traders in overnight swaps continue to price in another cut from the central bank this cycle, and put the odds at about a coin flip that they'll ease again in October.

The central bank's communications suggest that while it has resumed monetary easing to support the ailing economy, it is leery of cutting interest rates too quickly, given the potential inflation risks posed by the surge in global protectionism and tariffs.

Market Highlights for August 2025 APARTMENTS

Mon, 15 Sep 2025 22:09:29 GMT

Market Highlights for August 2025 Attached Homes

Mon, 15 Sep 2025 22:08:43 GMT

Market Highlites August 2025 DETACHED HOMES

Mon, 15 Sep 2025 22:05:48 GMT

Open House. Open House on Saturday, September 6, 2025 1:00PM - 3:00PM Beautiful top floor corner suite, with wrap around balcony..beautiful bright windows, this in not to be missed, building had just completed work in windows and balconies

Thu, 04 Sep 2025 09:05:16 GMT

Please visit our Open House at 406 2366 Wall Street in Vancouver. See details here

Open House on Saturday, September 6, 2025 1:00PM - 3:00PM Beautiful top floor corner suite, with wrap around balcony..beautiful bright windows, this in not to be missed, building had just completed work in windows and balconies

New property listed in Hastings, Vancouver East

Wed, 03 Sep 2025 09:04:11 GMT

I have listed a new property at 406 2366 Wall Street in Vancouver. See details here

Economists split on BoC’s next rate move after July inflation data

Wed, 20 Aug 2025 18:24:37 GMT

By The Canadian Press

Economists say they found some encouraging signs in the latest inflation numbers but some warn the Bank of Canada might need a bit more convincing to cut its key interest rate next month.

The annual rate of inflation fell to 1.7 per cent in July, Statistics Canada said Tuesday, down from 1.9 per cent in June. The reading was a tenth of a percentage point below most economists’ expectations.

A 16.1 per cent decline year-over-year in gas prices tied mainly to the removal of the consumer carbon price earlier this year fuelled the drop.

BMO chief economist Doug Porter said in an interview that the July consumer price index was a “relatively favourable report” despite some stubbornness at the grocery store and in housing.

July’s consumer price index marks the first of two looks at inflation that the Bank of Canada will get before its next interest rate decision on Sept. 17. The central bank held its policy rate steady at 2.75 per cent in July.

The Bank of Canada has been looking for signs of how Canada’s tariff dispute is affecting inflation, and is particularly concerned with trends in core inflation that strip out influences from tax changes and other volatile inputs.

Statistics Canada said the Bank of Canada’s preferred measures of core inflation held around three per cent in July.

Porter pointed out that another measure of core inflation that strips out influences from food and energy was lower in July, around 2.6 per cent.

Looking at those readings, he said the July CPI report “slightly turned the dial” toward a rate cut in September, aligning with BMO’s expectations.

Financial market odds for a quarter-point rate cut in September increased modestly to around 40 per cent as of Tuesday afternoon, according to LSEG Data & Analytics.

But with core inflation still elevated compared with the headline figure, Porter acknowledged BMO’s call for a cut next month was “a long shot” at this point.

“We need some help in the inflation numbers. We probably need a relatively sluggish jobs number as well,” he said.

CIBC senior economist Andrew Grantham said in a note that the lack of easing in core inflation can mostly be attributed to the base-year effect -- the distortion from price movements last year on a particular month’s annual inflation comparisons.

He said the shorter-term, three-month core inflation readings now show an annualized rate of 2.4 per cent for July.

Grantham said there’s still more data to come before the Bank of Canada’s next rate decision, but the July inflation figures support his call for a quarter-point cut in September.

RBC, meanwhile, is maintaining its call for no more interest rate cuts from the Bank of Canada this year.

Claire Fan, senior economist with RBC, said in a note that the monthly advance in core inflation was less than she was expecting. But she said pressure is still spread broadly through the consumer price index.

Inflation on food from the grocery store accelerated to 3.4 per cent annually in July, up from 2.8 per cent in June.

Confectionary prices rose 11.8 per cent and coffee gained 28.6 per cent to be among the biggest contributors to food inflation last month.

Statistics Canada said poor growing conditions in countries that produce cocoa and coffee beans were to blame for higher costs.

Prices for fresh grapes were up nearly 30 per cent, driving the overall cost for fresh fruit up 3.9 per cent in July compared with 2.1 per cent in June.

Porter said there are some hints that Canada’s tariff dispute with the United States is a factor keeping food inflation elevated, but he stopped short of blaming it for pain at the grocery store.

“I think the bigger story is coffee prices ... chocolate prices and beef prices, and those aren’t really a tariff story. Those are more climate issues,” he said.

Tariffs from the U.S. are driving a bit of “stickiness” in durable goods inflation, Porter noted, particularly in motor vehicles.

In addition to duties placed on some Canadian inputs, U.S. tariffs on vehicles from around the world are driving some “spillover” effects on inflation in Canada, he said.

“The trade war has had an effect on auto prices and autos are a big share of the CPI,” he said.

“So yes, unfortunately we have not totally escaped the trade war in our inflation data.”

Shelter inflation also saw a modest acceleration to three per cent last month from 2.9 per cent in June, marking the first increase in the category since February 2024.

Rent price growth picked up in July, particularly in Prince Edward Island, Newfoundland and Labrador and British Columbia. Lower mortgage costs are still moderating the overall increase in shelter inflation.

Prices for natural gas fell to a lesser degree than in June, thanks mostly to higher costs in Ontario.

Porter said the stubbornness in shelter inflation has been “frustrating,” but market data continues to show rent dropping in major cities across Canada, so he expects further easing in this CPI component through the rest of the year.

This report by The Canadian Press was first published Aug. 19, 2025.

By Craig Lord

Wendy McLeod, CIPS Certified International Property Specialist : Blog : Latest Blog Posts

VANCOUVER MARCH APARTMENT STATS

VANCOUVER MARCH TOWNHOME STATS

VANCOUVER MARCH DETACHED STATS

SPRING HAS SPRUNG:

NEW GST REBATE FOR FIRST TIME BUYERS

THE PACE OF SALES RUNNING WELL BELOW…

FEBRUARY 2026 STATS FOR TOWNHOMES (ATTACHED)

FEBRUARY 2026 STATS FOR APARTMENTS

FEBRUARY 2026 STATS FOR DETACHED HOMES

The Province of BC is moving ahead to have this the last time change for our Province.The change will take effect on Sunday, when clocks move ahead an hour. Permanent daylight time will mean that the typical falling back of clocks by an hour in November w

JANUARY 2026

Happy Family Day to one and all

Last year’s market trends continued in January as home sales registered on the MLS® in Metro Vancouver* were 28.5 per cent lower than last year, setting the year off to a quieter start.

Regional overview CMHC

British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets

Figure 1: Employment in B.C. Has Become More Concentrated in Professional and Tech SectorsFull-Time Employment, Select Industries, 2014 = 100

Slower rental demand and rising costs will decrease new home starts

Resales are expected to increase moderately in 2026

Average prices supported by rebound in activity, but growth will be limited

Figure 2: Borrowing Capacity Limits Will Limit Price Growth in B.C. Markets

Figure 3: The Gap Between Owning and Renting an Apartment Has Shrunk in Metro Vancouver ($)

Rental markets will see elevated vacancies maintained for 2026

This forecast is subject to risks

Vancouver

Key highlights

Victoria

Key highlights

What’s next for Canada’s housing market?

Our Chief Economist and Deputy Chief Economists

Is a rebound coming?

YEAR END STATS FOR APARTMENTS 2025

YEAR END STATS FOR DETACHED HOMES 2025

YEAR END SALES STATS FOR ATTACHED HOMES 2025

Vancouver Real Estate Stats for November - APARTMENTS

Vancouver Real Estate stats for November - DETACHED HOMES

Vancouver Real Estate Stats for November - ATTACHED HOMES (TOWNHOMES)

November 11th

October Stats for Townhomes - Attached

October Stats for Apartments

October stats for Single Family homes

Slow Sales and High Inventory Gives Buyers the Edge

Slow sales and high inventory give buyers the edge in October

Bank of Canada Drops the Rates.25%

Bank of Canada Lowers Policy Rate to 2.25%

Single Family Home Market update September 2015

Townhome Market Highlights September 2025

Apartment Market Highlights for September 2025

September 2025 Residential Market Report

Fall market favours buyers

Inflation Stronger than Expected

Canadian Inflation Stronger Than Expected

Open House. Open House on Saturday, October 18, 2025 1:00PM - 3:00PM

Open House. Open House on Saturday, October 11, 2025 2:00PM - 4:00PM Hosted by Trace Lengsavath Baldwin

Open House. Open House on Sunday, October 12, 2025 2:00PM - 4:00PM Hosted by Trace Lengsavath Baldwin.

Welcome to PH2 2091 Vine Street, Vancouver, BC

September 2-25 Market Insights

New property listed in Kitsilano, Vancouver West

August Market Insights

New property listed in West End VW, Vancouver West

Open House. Open House on Saturday, September 27, 2025 1:00PM - 3:00PM

I have sold a property at 406 2366 Wall Street in Vancouver

Bank of Canada Cuts Rate to 2.50% — What It Means for You

Why the Rate Was Cut

What It Means for Buyers

What It Means for Sellers

A Few Things to Keep in Mind

The Bank of Canada drops the Interest Rate to 2.5%

Bank of Canada lowers policy rate to 2½%

Market Highlights for August 2025 APARTMENTS

Market Highlights for August 2025 Attached Homes

Market Highlites August 2025 DETACHED HOMES

Open House. Open House on Saturday, September 6, 2025 1:00PM - 3:00PM Beautiful top floor corner suite, with wrap around balcony..beautiful bright windows, this in not to be missed, building had just completed work in windows and balconies

New property listed in Hastings, Vancouver East

Economists split on BoC’s next rate move after July inflation data

Figure 1: Employment in B.C. Has Become More Concentrated in Professional and Tech Sectors
Full-Time Employment, Select Industries, 2014 = 100