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Under Market Updates

Teranet-National Bank House Prices Index Stabilize in July After Seven Months of Declines

After a cumulative contraction of 4.1% over the previous seven months, the Teranet–National Bank Composite Index finally stabilized in July. This stabilization comes as transactions on the resale market continued … [read more]

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Purpose-Built Rental Construction is Helping Offset Weakness in New Residential Development

Weak pre-sale activity continues to weigh on new residential construction in the province, while purpose-built rental projects are helping support construction activity. The total value of building permits in June … [read more]

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Adjusted Sales Activity Rose M/M, While Weaknesses Remained Concentrated in The Lower Mainland

Vancouver, BC – August 13, 2026. The British Columbia Real Estate Association (BCREA) reports that 6,561 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in July 2026, … [read more]

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Housing Starts are Weak in Metro Vancouver, Unclear A Canada-BC Plan to Acquire Unsold Condos will Restore Housing Market

A large inventory of unsold condos in Vancouver is creating a difficult environment for new construction and causing housing starts to plunge, according to a Canadian think tank. There were … [read more]

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