Canada’s new housing price index (NHPI) dropped by 0.4% in April—its lowest level since October 2024—highlighting a cooling trend in new home construction across the country. While the decline was mostly driven by falling house prices (-0.5%) and stagnant land values, what does this mean for homebuyers and investors in Vancouver? Vancouver: Still Holding Steady Unlike cities such as Calgary...
Vancouver, BC – May 2025 — Canada’s annual inflation rate slowed sharply to 1.7% in April, down from 2.3% in March, marking the softest rise in consumer prices in seven months, according to the latest Statistics Canada data. While slightly above expectations (1.6%), the pullback in inflation is largely attributed to declining energy prices, amplified by both OPEC output increases and the recent...
Canada’s housing construction sector showed significant momentum in April 2025, with national housing starts rising 30% to a seasonally adjusted annual rate (SAAR) of 278,606 units, according to the latest figures. This also marks a 15% increase compared to April 2024, indicating growing builder confidence despite broader economic uncertainties. 🔨 National Highlights Single-detached starts:...
Vancouver, BC – May 14, 2025 — The British Columbia Real Estate Association (BCREA) has released its latest housing market data, revealing a notable slowdown in residential sales across the province. According to BCREA, a total of 6,453 residential unit sales were recorded through Multiple Listing Service® (MLS®) systems in April 2025, marking a 14.6% decline from the same month in 2024. The...
On May 6, 2025, Canadian Prime Minister Mark Carney met with U.S. President Donald Trump at the White House, marking their first official engagement since Carney's election victory. The meeting, while cordial in tone, underscored significant differences on key issues affecting the Canadian economy and housing market. Key Outcomes from the Carney-Trump Meeting 1. Firm Rejection of Annexation...
B.C.’s film sector is bracing for potential fallout after U.S. President Donald Trump announced a plan to impose 100% tariffs on films produced outside the United States. Declaring that the American film industry is “dying a very fast death,” Trump posted on Truth Social that these tariffs are meant to push production back to U.S. soil, citing foreign tax incentives as a key threat to...
Today marks the end of an era in the world of finance—Warren Buffett, the legendary “Oracle of Omaha,” has officially retired. Known for turning Berkshire Hathaway into one of the most successful holding companies in history, Buffett’s legacy goes far beyond his wealth. It lies in his philosophy: patience, discipline, and financial frugality. The Buffett Approach: Why Simple, Patient Investing...
1. The "Build Canada Homes" Initiative Central to Carney's housing strategy is the "Build Canada Homes" (BCH) program, aiming to double the nation's annual housing construction to 500,000 units. This ambitious plan includes: Federal Involvement in Housing Development: The federal government plans to actively participate in building homes, a departure from previous approaches that relied heavily on...
Canada’s economic momentum took a step back in February 2025, as new GDP figures reveal a 0.2% monthly decline—an unexpected turn following a strong 0.4% gain in January. The latest data from Statistics Canada show broad weakness across sectors, with 12 of 20 major industries reporting contraction. Service-producing industries saw a modest 0.1% dip, while goods-producing sectors shrank more sharply...
After showing early signs of recovery, British Columbia’s housing market has taken an unexpected turn in 2025, largely due to rising global economic uncertainty. Hopes for a stable rebound were derailed by an escalating trade war that’s shaking confidence among buyers and investors alike. Home sales in BC had been climbing steadily since October 2024, reaching a promising pace in January of this...
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