August 19, 2025

Canadian prices, as measured by the Consumer Price Index (CPI), rose 1.7 per cent on a year-over-year basis in July, down from a 1.9 per cent increase in June. Month-over-month, on a seasonally adjusted basis, the CPI was up 0.1 per cent in July. Downward pressure on headline inflation was driven by a sharper fall in gasoline prices year-over-year compared to June. The CPI ex-gasoline has held at 2.5 per cent over the past three months. Additionally, shelter price growth rose for the first time since February 2024, with prices growing by 3.0 per cent in July, slightly up from 2.9 per cent in June. Food purchased in grocery stores rose at a faster pace of 3.4 per cent year-over-year compared to 2.8 per cent the previous month. In BC,…

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Making your home more eco-friendly doesn’t have to be expensive or complicated. In fact, many sustainable living improvements can save you money on utility bills while reducing your environmental impact. Whether you’re a homeowner in Vancouver or renting an apartment, there are practical steps you can take to create an eco friendly home. Vancouver’s climate – with its mild, wet winters and warm summers – offers plenty of opportunities to conserve energy and water. And with high local housing costs, cutting monthly bills is a welcome relief for families and renters alike. Most importantly, greener choices at home help reduce your carbon footprint. Let’s dive into six simple ways you can embrace a more eco conscious lifestyle at home – achieving a win-win…

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Facing mortgage default in Vancouver can be stressful and overwhelming. For many homeowners, the home is their biggest financial commitment, and the thought of losing it is difficult. But if you’re falling behind, it’s important to know exactly what happens if you don’t pay your mortgage in Vancouver.

This guide explains the stages of missed mortgage payments, the foreclosure process in BC, your homeowner rights in Vancouver, the financial impact of missed payments, and the practical steps you can take to recover and protect your home.

Understanding Mortgage Default in Vancouver

A mortgage default occurs when you fail to meet your mortgage obligations, most commonly by missing payments. One missed payment isn’t the end of the world, but it can…

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Market Activity Strengthens as Uncertainty Wanes

Vancouver, BC – August 13, 2025. The British Columbia Real Estate Association (BCREA) reports that 7,056 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in July 2025, up 2.2% from July 2024. The average MLS® residential price in BC in July 2025 was $942,686, down 2.1% compared to $963,047 in July 2024.

The total sales dollar volume was $6.7 billion, virtually unchanged from the same time the previous year. BC MLS® unit sales were 16% lower than the ten-year July average.

“Housing markets across BC continue to build momentum through the summer, with all regions apart from the Lower Mainland boasting higher sales activity from the previous year,” said BCREA Chief…

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Bringing a new dog into your family is exciting, and it often means making a few changes around the house. Our pets are part of the family, so creating a dog friendly home is well worth the effort. By adding some key pet-friendly features, you can keep your furry friend safe, comfortable, and happy while also protecting your home. Below are five home essentials for dogs – practical upgrades and pet friendly house ideas – that every dog owner (especially new dog owners and families) should consider. These dog owner tips will help transform your space into a haven for your pup without sacrificing style or functionality.

1. Secure Backyard with Fencing and Pet Access

A safe outdoor backyard for dogs is a dream for many pet owners. If you have a yard,…

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After years of soaring prices and fierce bidding wars, the Vancouver apartment market in 2025 is offering something unusual – a window of opportunity for buyers and investors. The Vancouver property market 2025 has shifted into a balanced phase with high inventory, stabilizing prices, and falling interest rates, creating conditions that many experts say favor buyers. Whether you’re a first-time homebuyer, a local investor looking to expand your portfolio, or a foreign investor eyeing Canadian real estate, now may be the best time to buy a Vancouver apartment. In this comprehensive guide, we’ll explore current Vancouver housing market trends, neighborhood spotlights (Downtown, East Vancouver, Burnaby), up-to-date data on prices and rents, and the key…

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Canadian employment decreased by 0.2% from the previous month, losing 41,000 jobs to 21.020 million in July. The employment rate fell by 0.2 points to 60.7%, while the unemployment rate remained unchanged at 6.9%.

Average hourly wages rose 3.3% year-over-year to $36.16 last month, while total hours worked were up 0.3% compared to July of the previous year.

Employment in B.C. fell by 0.5% to 2.953 million, losing 16,300 jobs in July. Employment in Metro Vancouver fell by 2.2% to 1.697 million. The unemployment rate in B.C. increased by 0.3 points to 5.9%, while Vancouver's rate rose by 0.3 points to 6.1%.

July's jobs report shows weak labor force growth, with job losses in full-time work (-51,000) and the private sector (-39,000). Youth…

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Summer vacations are a time to relax, recharge, and make memories with family and friends. But as exciting as travel can be, leaving your home unattended increases the risk of break-ins or other issues. That’s why having a plan in place for vacation home security is critical. From smart tech to common-sense steps, there’s a lot you can do to protect your home before heading out the door.

This article shares 10 essential summer travel tips that will help you secure your house, deter intruders, and give you peace of mind. Whether you’re away for a weekend or an entire month, following this home safety checklist ensures your property stays safe while you’re enjoying your trip.

1. Lock Every Door and Window

The first and most obvious step: make…

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Fraser Valley Real Estate Sales Activity Levels Off as Market Enters Seasonal Slowdown

SURREY, BC – Market conditions are ideal for Fraser Valley home buyers this summer, but the persistent gap between buyers’ and sellers’ price expectations continues to suppress sales.

The Fraser Valley Real Estate Board recorded 1,190 sales on its Multiple Listing Service® (MLS®) in July, down half a per cent from June and down three per cent year-over-year. July sales were 23 per cent below the 10-year average.

The supply of homes for sale dipped slightly in July, down two per cent from June to 10,650, nearly 50 per cent above the 10-year seasonal average. New listings declined five per cent over June to 3,453. The Fraser Valley remains in a buyer’s market…

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Sales Recovery Continues in July

Home sales registered on the MLS® across Metro Vancouver in July extended the early signs of recovery that emerged in June, now down just two per cent from July of last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,286 in July 2025, a two per cent decrease from the 2,333 sales recorded in July 2024. This was 13.9 per cent below the 10-year seasonal average (2,656).

“The June data showed early signs of sales activity in the region turning a corner, and these latest figures for July are confirming this emerging trend,” said Andrew Lis, GVR’s director of economics and data analytics. “Although the Bank of Canada held the policy rate steady in July, this…

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