BC Real GDP Growth Slows to 1.2% in February 2025, Slight Uptick Expected in March

The BCREA Nowcast for British Columbia’s economy shows a continued trend of modest growth in early 2025, reflecting a broader pattern of post-pandemic stabilization and the impacts of international trade developments. According to the most recent data, the province’s real GDP is estimated to have gr

How the Liberal Party Plans to Tackle Canada’s Housing Crisis: A Bold Vision for Affordable Homes and Skilled Jobs

As housing affordability continues to dominate national headlines, the Liberal Party of Canada has unveiled a sweeping plan to address the crisis. Their approach focuses not only on building more homes but also on making the construction process faster, more sustainable, and inclusive of both innova

Victoria BC Real Estate: Navigating the Rental Market and Borrowing Costs

The housing market is influenced by key factors like rental prices and borrowing costs, which impact renters and homebuyers alike. Using recent data, this blog examines trends in asking rents for 1- and 2-bedroom units in Victoria and Vancouver, alongside changes in mortgage rates across Canada. By