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...
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...
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