Canadian prices, as measured by the Consumer Price Index (CPI), rose 4.3 per cent on a year-over-year basis in March, a decrease from the 5.2 per cent rate in February.

The announcement that British Columbia Housing will work together to build 2,000 affordable homes over the next ten year may be a significant step towards addressing the region’s current rental housing crisis.

The current labour shortage in the construction industry has significant consequences for rental construction in British Columbia. Steps are being taken, but they may not be enough.

The Bank of Canada maintained its overnight rate at 4.5 per cent this morning. In the statement accompanying the decision the Bank noted that demand in Canada still exceeds supply and labour markets remain tight.

Discover more details about the newly announced “Homes for People” plan and how it might affect your real estate investment and development business.

The provincial government of British Columbia has recently announced a new housing plan aimed at addressing the ongoing housing challenges in the region. Learn more.

On March 29th, the Vancouver City Council voted against the Broadway Area Plan Pace of Change Policy. This will have large impacts on rental development along the corridor.