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...
In April 2025, Canada's unemployment rate climbed to 6.9%, up from 6.7% in March, marking the highest jobless rate in over three years. This exceeded market forecasts of 6.8% and reflects the growing strain on businesses, particularly from U.S.-imposed tariffs targeting critical sectors like aluminum, steel, and autos. The number of unemployed individuals surged by 39,300, bringing the total to...
Owning a home in Canada is a major life goal for many, but the journey doesn't end once you get the keys. Between rising interest rates, inflation, and economic uncertainty, maintaining homeownership can be just as challenging as achieving it. Fortunately, Canadian homeowners have access to a variety of federal, provincial, and lender-specific programs designed to offer financial relief, encourage smart...
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