New legislation to ensure prompt payment in B.C.’s construction industry

British Columbia is introducing prompt-payment legislation for the construction sector to ensure contractors, subcontractors, and workers are paid fairly and on time. The law sets clear payment timelines, establishes a fast-track dispute resolution process, and aims to improve cash flow and stability. It applies to both private and public projects, supporting smoother project progress and stronger jobs across the industry.

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Canada’s Condo Price Snapshot 2025

New condo prices nationally edged down 0.2% in Q2 2025 but are 0.6% higher than the same quarter last year.

Prices remain 1.1% below the 2022 peak but are up 33.3% since early 2017, showing significant long-term growth.

Markets vary widely: Montréal, Ottawa, and Edmonton near or at record highs, while Toronto, Vancouver, and Victoria remain below 2022 peaks.

Location drives price trends, with some cities seeing strong year-over-year gains and others experiencing slight declines in new condo p

Falling Lumber Prices and Canada’s Housing Outlook

US lumber prices have ↓ ~25% since early August, raising concerns for Canada’s housing market.
Falling lumber prices often signal slowing construction demand or excess supply in the housing sector.
Canadian mills face oversupply, especially in Western Canada, causing low prices and reduced profits.
Lower lumber costs may ease construction prices, but high duties and interest rates hurt builders’ margins.
Regional housing activity is mixed, with some areas showing stronger growth while others experience slower sales.

Confidence, choice and prices drive housing activity in Canada

Canada's housing market shows mixed trends: national home sales rose 1.1% in August with prices dipping slightly, reflecting improved buyer confidence and lower interest rates. Ontario and British Columbia face high inventory and price pressure, creating buyer’s markets, while the Prairies, Quebec, and Atlantic Canada experience tighter supply and modest price gains. Affordability challenges and economic uncertainties limit demand, with immigration cuts affecting urban rental and condo markets.

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BC Housing Starts Remain Largely Flat in 2025

Single-Detached Housing Starts in Jan–Aug: 2,631 units, ↓ 10% yearly
All Others Housing Starts in Jan–Aug: 26,056 units, ↑ 1% yearly
Total Housing Starts in Jan–Aug: 28,687 units, no change yearly
Canada Total Housing Starts in Aug: 3,806 units, ↓ 10% yearly
Canada Total Housing Starts in Jan–Aug: 156,283 units, ↑ 4% yearly

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WOW – What an Incredible 270 degree VIEW from every window at this SUB-PENTHOUSE CORNER unit at Roche Point Tower. This spacious 1489 Sqft offers two large bedrooms plus a Den/Study ; two full bathroom, huge balcony plus TWO PARKING and a large storage locker. Conveniently located within walking distance to Parkgate mall; restaurants; public transit; schools ; Parkgate Community Center yet easy access for outdoor enthusiast with proximity to GOLF COURSE; DEEP COVE and walking trails. This well looked after building offers a Gym; Party Room; Sauna and Hot tub. Recent exterior enhancements encompass a brand-new parkade membrane and a complete landscaping overhaul. Freshly painted and ready to move in. A fantastic place to call home

How the 2025 Federal Housing Plan Could Impact Your Next Move

Ottawa targets 500,000 new homes per year, reviving large-scale federal involvement in housing construction not seen since the 1970s.

The plan introduces GST rebates, tax incentives, shared-equity schemes, and loan support to lower costs and accelerate building.

Analysts warn doubling output will be challenging given reliance on private developers and limited social housing contributions.

The strategy could gradually ease price pressures, though immediate relief for buyers remains limited amid elevated home values and borrowing rates.

How To Get A Mortgage With Low Income In Canada

Navigating Canada's real estate market is challenging for low-income individuals seeking a mortgage. Key steps include understanding the mortgage process, improving credit scores, and exploring government programs. Options like longer amortization periods, co-signers, and assistance programs, such as the First-Time Home Buyer Incentive, can help. Rent-to-own and mortgage brokers also make homeownership more attainable.

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Happy Canadian Thanksgiving

The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!

CREA Cuts 2025 Forecast Despite Recent Sales Uptick

CREA projects 2025 home sales ↓ 3% to around 469,503 due to econ uncertainty and trade risks.

Avg home price forecast ↓ 1.7% to $677,368, led by ON and BC declines.

New listings ↓ while inventory remains ↑ YoY, creating mixed market conditions.

The revision reflects ongoing economic uncertainty and trade-related risks, which continue to dampen buyer confidence.

2026 outlook: sales ↑ 6.3%, avg price ↑ 3% to $697,929.

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