Pent-up Demand Builds as Tariff Uncertainty Drives Buyers to the Sideline

BCREA 2025 Second Quarter Housing Forecast

Vancouver, BC – April 30, 2025

The British Columbia Real Estate Association (BCREA) released its 2025 Second Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in BC are forecast to fall 1.1 per cent to 73,650 units this year. In 2026, MLS® residential sales are forecast to move slightly higher, rising 8.8 per cent to 80,150 units.

“Hopes for a return to normalcy in the BC housing market were swiftly dashed this year, upended by a pointless and mutually destructive trade war,” said BCREA Chief Economist Brendon Ogmundson. “While there is significant pent-up demand in the market,…

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Located just south of Vancouver in British Columbia, the city of Delta is known for its suburban charm and coastal beauty. But how does the cost of living in Delta stack up in 2025? Is Delta expensive compared to other Canadian cities? This comprehensive guide will break down the living costs in Delta – from housing and rent prices to everyday expenses like food, transportation, utilities and services, and even lifestyle and entertainment. All prices are in Canadian dollars (CAD) – at the time of writing, $1 CAD is roughly $0.72 USD – and we’ll use the latest data (circa 2024-2025) from authoritative sources. By the end, you’ll see how Delta’s cost of living compares to places like Vancouver and other cities across Canada, helping you determine if Delta…

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If you own a rental property, you’ve probably asked yourself: should I allow pets? Pets are part of many families. In fact, more people travel with their dog or cat today than ever before. Whether it's a short vacation or long-term stay, many travelers are looking for pet-friendly accommodations. As a landlord or rental owner, allowing pets can open your rental to a larger audience. But it also comes with extra responsibilities.

Let’s break down the pros and cons of offering pet-friendly rentals and help you decide if it’s the right move for your property.

The Growing Demand for Pet-Friendly Rentals

Over 70% of U.S. households own a pet. That’s a lot of potential renters. Many of these people bring their pets when they travel. Whether they’re…

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Langley, BC has become a popular choice for families and newcomers looking for a balance between affordability, lifestyle, and community. Located about 45 kilometers east of downtown Vancouver, Langley offers a suburban feel with easy access to urban amenities. Whether you're searching for your first home, a place to raise a family, or simply a quieter lifestyle outside the hustle of Metro Vancouver, Langley provides a lot of value.

But how affordable is Langley really? In this guide, we'll dive deep into the cost of living, housing options, and the lifestyle you can expect in Langley. If you’re considering making a move, you’ll find everything you need to know right here.

Cost of Living Breakdown

Understanding the true cost of living in…

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Setting the right rental price for your investment property is one of the most important decisions a landlord can make. A price that’s too high can lead to long vacancy periods, while a price that’s too low can reduce your income and overall return on investment (ROI). This guide offers a straightforward process to help landlords and property investors evaluate rental prices accurately, ensuring maximum cash flow, minimal vacancy, and long-term profitability.

Whether you own one property or multiple properties, understanding the key factors that affect rental rates and how to calculate them effectively can help protect your income and grow your investment over time.

1. Understand Your Local Market

The first step in pricing your rental property…

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Burnaby is one of the fastest-growing cities in Metro Vancouver. Known for its blend of urban convenience, natural spaces like Deer Lake and Burnaby Mountain, and access to Vancouver via the SkyTrain, it’s a place many people consider when looking for a home. But with its increasing popularity, the question comes up more and more: Is Burnaby expensive to live in? Let’s break it down.

1. Burnaby at a Glance

Located between Vancouver and the Fraser Valley, Burnaby is the third-largest city in British Columbia by population. It’s known for its strong community programs, cultural diversity, and central location. The city’s rapid growth over the past few years has led to major developments, especially around Metrotown and Brentwood.

2. Housing…

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Basement flooding can lead to significant damage, including structural issues, mold growth, and costly repairs. Implementing preventive measures is essential to safeguard your home. Below are practical steps to help protect your basement from flooding.

1. Install and Maintain a Sump Pump

A sump pump is a critical component in preventing basement flooding. It collects excess water and pumps it away from your home's foundation. Ensure the pump is regularly tested and maintained. Consider installing a battery backup to keep it operational during power outages.

2. Seal Foundation Cracks

Inspect your basement walls and floors for cracks. Even small openings can allow water to seep in. Use appropriate sealants to repair…

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West Vancouver, British Columbia is a scenic coastal community in Canada that offers an exceptional quality of life. In recent years, many people – from local homebuyers and growing families to international investors and retirees – have been drawn to this area. Unlike a typical real estate article full of numbers, this post will explore the lifestyle perks, amenities, and sense of community that make West Vancouver so attractive.

To give a quick overview, here are some of the key reasons why residents love living in West Vancouver:

  • Breathtaking Scenery and Parks: Nestled between the ocean and mountains, West Vancouver boasts stunning views and countless parks and trails for an active outdoor lifestyle.

  • Safe, Family-Friendly…

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Canadian prices, as measured by the Consumer Price Index (CPI), rose 2.3 per cent on a year-over-year basis in March, down from a 2.6 per cent increase in February. Month-over-month, on a seasonally adjusted basis, the CPI was unchanged in March.

The overall slowdown in headline CPI is largely driven by lower gasoline prices, with the CPI excluding gasoline rising by 2.5 per cent in March.

Shelter price growth continues to cool, as mortgage interest costs were up 7.9 per cent, marking the nineteenth consecutive month of deceleration. Similarly, rent was up 5.1 per cent year-over-year in March, down from 5.8 per cent in February.

In British Columbia, consumer prices rose 2.6 per cent year-over-year, down from 3.0 per cent in February.

The Bank…

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The Bank of Canada held its overnight policy rate at 2.75 per cent this morning. In the statement accompanying the decision, the Bank noted that pervasive uncertainty makes it unusually challenging to project GDP growth and inflation in Canada.

The Bank sees two potential scenarios for the Canadian economy:

  • High but limited tariffs that temporarily weaken growth
  • A protracted trade war that causes both a full recession and inflation to rise above 3 per cent

The Bank is already seeing signs of a slower economy due to the impact of uncertainty on consumer and business confidence. However, it expects tariff-driven supply chain disruptions will put upward pressure on prices later this year.

Perhaps most importantly, the Bank ended its…

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