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  • Vancouver, Fraser Valley Homebuyers Enjoy More Choices in September

    Vancouver, Fraser Valley Homebuyers Enjoy More Choices in September

    September brought a noticeable shift in the Vancouver and Fraser Valley housing markets. In Metro Vancouver, home sales were down 8.4%, while the Fraser Valley saw a 4% dip. Apartment sales took a larger hit, falling by 18.6%. Prices reflected this cooling as well—declining 5.5% in Metro Vancouver and 7% in the Fraser Valley, driven by higher inventory and more cautious buyers. As someone who regularly works across Vancouver, Surrey, Burnaby, and beyond, I’m seeing these trends play out firsthand. Staying informed on these shifts is key if you’re considering your next move or want to keep an eye on how the market is evolving.

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  • Fort St. John home prices climb despite slower sales, real estate board says

    Fort St. John home prices climb despite slower sales, real estate board says

    It’s interesting to see the real estate landscape in Northeast B.C. right now. Despite a modest dip in sales activity, home prices in places like Fort St. John are still on the rise—541 sales brought in $244.9M, with the average detached home now at $452,083 and 412 listings available. Meanwhile, Fort Nelson recorded 43 sales worth $7.3M and 100 active listings. Across Northern B.C., there were 3,654 sales totaling $1.6B. As someone who closely follows market trends from Surrey to Vancouver and beyond, I know how important it is to watch these shifts, whether you’re buying, selling, or just keeping an eye on values.

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  • ‘Bumpy and even’: RBC Economics releases latest housing market outlook

    ‘Bumpy and even’: RBC Economics releases latest housing market outlook

    RBC Economics has just released their latest outlook on the Canadian housing market, highlighting the unique challenges in different regions. We're seeing home resale declines and softer prices in markets like Ontario, Vancouver, and Montreal. Here in Vancouver, the inventory levels remain high, while Toronto's path to recovery seems to have lost some momentum. Calgary, on the other hand, continues to hold steady. As someone who works closely in the Vancouver, Surrey, and Burnaby areas, I notice firsthand how market shifts aren’t the same everywhere—some neighbourhoods are steady, while others are adjusting. If you’re watching these trends, it’s clear that recovery will look different across each region.

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  • Canada’s Model Tracks Mortgage Renewals

    It’s interesting to see Canada’s central bank updating its forecasting approach to put more weight on mortgage renewals and housing supply when measuring inflation. As someone who helps clients buy and sell homes across Surrey, Vancouver, Burnaby, and beyond, I know firsthand how critical these factors are for households. The bank’s new model, which started being used just last month, recognizes that the wave of mortgage renewals is now a major factor in setting interest rates. This means household financing pressures are getting the attention they deserve in policy decisions. The central bank governor mentioned this model will be the main tool for their October 28 rate announcement and the next Monetary Policy Report. While no model has all the answers, this shift is a reminder of how our market is shaped by both local supply challenges and broader economic trends. For those navigating real estate decisions, staying informed about these changes is key.

  • Small-Scale Infill Expands Canada’s Housing Supply

    I've been closely watching how small-scale infill is shaping the housing landscape in our communities. While large developments still account for most new builds in established neighborhoods, we're seeing small-scale infill play a bigger part in housing starts. Zoning changes that allow for more homes on existing lots are beginning to shift the supply upward, especially in neighborhoods where the rules have become more flexible. The trend is clear: there's more building happening on previously developed land, with an emphasis on denser forms of housing and fewer traditional ground-oriented homes. Recent policy updates are opening the door for more of the 'missing middle'—those much-needed options between condos and detached houses—but progress is still influenced by fees, approval timelines, building regulations, and financing. For buyers and sellers in areas like Abbotsford, Surrey, or Burnaby, understanding how small-scale infill could impact both supply and neighborhood character is key. As these projects become more common, their success will continue to depend on how financially viable they remain.

  • Canada Still Isn’t Building Enough Homes

    Canada's ongoing housing supply challenges are still front and center for so many of us. While there have been some positive steps and certain key markets have seen affordability inch forward, the reality remains: we’re not building enough homes to keep pace with demand. Currently, about 250,000 homes are built annually across the country, but experts agree we need closer to 400,000 to 470,000 new homes each year just to restore affordability and address the backlog. Over the past decade, our population growth has far outstripped housing production, creating a deficit that can’t be fixed overnight—even with increased construction. No surprise, then, that frustration runs high: around 80% of Canadians feel the housing system isn’t working, and about 75% believe we’re simply not building enough. As someone working in markets like Surrey, Vancouver, and Burnaby, I see these pressures every day. Pent-up demand could surge once confidence returns, and housing will remain a major issue in the months ahead. Navigating these realities is part of the landscape for buyers and sellers alike.

  • Canadian Housing Market Remains Resilient Amid Minor Slowdown

    Canadian Housing Market Remains Resilient Amid Minor Slowdown

    Housing construction across Canada took a step back in July, with housing starts dropping 5% to 229,074 units. Urban centers felt this shift more deeply—Vancouver experienced a 42% decrease, Toronto saw a 10% dip, while Montreal bucked the trend with a 3% increase. Interestingly, completions actually rose by 8.1%. While the current pace of new building may remain subdued, these shifts signal important trends for both buyers and sellers. As someone who has watched the market closely in Vancouver and the surrounding areas, I see how these numbers can impact your real estate decisions, whether you’re looking to buy, sell, or simply stay informed.

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  • Canada’s housing markets show persistent regional splits

    Canada’s housing markets show persistent regional splits

    Canada’s housing market continues to be a story of contrasts, with each region charting its own course. As someone deeply familiar with BC’s real estate scene—especially in areas like Vancouver, Burnaby, and Surrey—I’m closely tracking how BC prices are still declining, though the pace seems to be easing. Meanwhile, Toronto’s earlier momentum has faded with prices sliding, Ottawa is seeing gains, and Montreal is grappling with affordability. Out west, Calgary and Edmonton are cooling but still attracting new residents, which could shape their markets ahead. These local trends highlight why understanding each city’s unique dynamics is so important when making property decisions.

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  • Private sector must lead Canada’s housing response, Carleton expert says

    Private sector must lead Canada’s housing response, Carleton expert says

    Canada's housing market is feeling the pressure—annual housing starts are sitting at 250,000, while experts say we actually need between 400,000 and 470,000 just to keep up. With our population growing, the shortage is only getting worse. High development charges and slow approvals are major roadblocks to building enough homes. As someone who’s been helping clients find homes across Surrey, Vancouver, and beyond, I see every day how crucial it is for the private sector to step up and drive real change. The path forward depends on innovative solutions and a shared commitment to expanding our housing supply.

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  • Canada’s Homebuilding Pace Falls Further

    We’re seeing Canada’s homebuilding pace slow down again—something I’m watching closely for all of you keeping an eye on the market. The six-month trend for housing starts dipped by about 1%, now sitting at 244,000 units across the country, and in the larger centres, actual starts have eased by roughly 2% to 17,700 units. Year-to-date, we’re at 149,500 starts, which is down 4% from this point in 2025. This tells us that construction activity still isn’t meeting the ambitious targets set by policymakers. According to a national housing agency economist, while starts are higher than in recent years, a continued downward trend is expected in the coming months. Builders are facing extra challenges—geopolitical uncertainty and the ongoing US-Canada trade conflict are pushing up material costs, especially with new tariffs. The national outlook suggests that new-home construction will likely keep declining through 2028, with condos feeling the pinch most due to high costs, lower demand, and plenty of unsold inventory. If you’re thinking about your next move in areas like Surrey, Vancouver, or Burnaby, these shifts are definitely worth considering as you plan your next step.