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Grand Central Realty

10/08/2026

Vancouver new construction starts have plummeted by 42% fewer new homes and here's why...

Construction costs are high. Financing is expensive. Land is expensive. Government fees, taxes, regulations and development requirements all add to the cost. At the same time, buyers have become more cautious, making it hader for developers to sell new projects at prices that make the numbers work.

And that creates a problem.

A developer can’t just build a project because the city needs more housing. The project still has to make financial sense. If the cost to acquire the land, finance the project and construct the building is higher than what the market will support, projects get delayed, redesigned or cancelled.

That means fewer homes actually make it from the planning stage to construction.

The irony is that when housing becomes less affordable, we need more supply but when the economics of building become more difficult, supply can slow down.

So this 42% drop isn't just a construction statistic.

It’s a signal that Vancouver’s housing affordability problem is also becoming a housing-production problem.

And if we want to understand where the market is heading, we need to pay attention to not just how many homes are for sale today, but how many are actually being built for tomorrow.

Source: Urban Development Institute/CBC News

NEW LISTING | $639,000@ 121-3 Rialto Court, New Westminster OPEN HOUSE:Sat, Oct 10 . 2:00pm–4:00pmSun, Oct 11 . 2:00pm...
10/07/2026

NEW LISTING | $639,000

@ 121-3 Rialto Court, New Westminster

OPEN HOUSE:
Sat, Oct 10 . 2:00pm–4:00pm
Sun, Oct 11 . 2:00pm–4:00pm

Fully renovated and move-in ready, this ground-level corner home offers a rare chance to enjoy waterfront living in the heart of New Westminster Quay.

This functional 2-bedroom, 2-bathroom layout offers modern comfort with a peaceful setting. Step onto your private patio with direct access to the tranquil lagoon, creating a quiet retreat right at home.

Just steps from the Quay boardwalk, waterfront parks, cafes, restaurants and everyday amenities. Transit and SkyTrain are also nearby for an easy commute.

Includes 1 parking stall and 1 storage locker. Enjoy the best of Quay living, where urban convenience meets a peaceful waterfront lifestyle.

Comment "RIALTO" for more details.

Bedrooms: 2
Bathrooms: 2
Size: 1,008 sq ft
Built: 1992

SHOWINGS:
David Yang
778-996-2890

NEW LISTING | $980,000@ 901-8570 Rivergrass Dr, Vancouver Welcome to Avalon Park 2 by Wesgroup. This south-facing 3-be...
10/06/2026

NEW LISTING | $980,000

@ 901-8570 Rivergrass Dr, Vancouver

Welcome to Avalon Park 2 by Wesgroup. This south-facing 3-bedroom plus den, 2-bathroom home looks out to the Fraser River, with an open-concept layout.

The kitchen features beautiful cabinets, stainless steel JennAir appliances, a gas stove, and quartz countertops. Air conditioning and heat are already included in the strata fee.

Enjoy a 3-storey SkyBar and SkyLounge with kitchen and dining space, 2 amenity rooms, a patio-level Garden Lounge, playground, and 2 shared fitness rooms between Avalon Park 1 and 2.

Step outside to walk or bike the 6.6 km Fraser River waterfront pathway, parks, and much more. Steps from groceries, Shoppers Drug Mart, restaurants, Everything W**e, and more daily essentials for easy family living.

Comment "AVALON" for more details.

Bedrooms: 3
Bathrooms: 2
Size: 1,065 sq ft
Built: 2020

SHOWINGS:
Tony Tran PREC*
604-780-1555

NEW LISTING | $980,000@ 901-8570 Rivergrass Dr, Vancouver Welcome to Avalon Park 2 by Westgroup. This south-facing 3-b...
10/06/2026

NEW LISTING | $980,000

@ 901-8570 Rivergrass Dr, Vancouver

Welcome to Avalon Park 2 by Westgroup. This south-facing 3-bedroom plus den, 2-bathroom home looks out to the Fraser River, with an open-concept layout.

The kitchen features beautiful cabinets, stainless steel JennAir appliances, a gas stove, and quartz countertops. Air conditioning and heat are already included in the strata fee

Enjoy a 3-storey SkyBar and Skylounge with kitchen and dining space, 2 amenity rooms, a patio-level garden lounge, playground, and 2 shared fitness rooms between Avalon Park 1 and 2.

Step outside to walk or bike the 6.6 km Fraser River waterfront pathway, parks, and much more. Steps from groceries, Shoppers Drug Mart, restaurants, Everything W**e, and more daily essentials for easy family living.

Comment "AVALON" for more details.

Bedrooms: 3
Bathrooms: 2
Size: 1,065 sq ft
Built: 2020

SHOWINGS:
Tony Tran PREC*
604-780-1555

NEW LISTING | $695,000@ 3806 - 2388 Madison Ave, Burnaby Welcome home to spectacular mountain views! This beautiful 2-...
10/05/2026

NEW LISTING | $695,000

@ 3806 - 2388 Madison Ave, Burnaby

Welcome home to spectacular mountain views! This beautiful 2-bedroom, 2-bathroom condo faces northwest and features an open concept layout. The bedrooms sit on opposite sides for extra privacy, while the bright living room opens onto a large balcony.

The kitchen offers plenty of cabinets and a large island with tons of storage. This home simply needs fresh paint and a carpet clean in both bedrooms to look its best. It also includes 1 parking stall and 1 storage locker.

Enjoy great building amenities including a bike room, clubhouse, gym, guest suite, outdoor pool, sauna and steam room, hot tub, and rooftop garden. Minutes from Brentwood Town Centre, SkyTrain, shops and restaurants, 20 mins Downtown. School catchment: Alpha Secondary with French Immersion, Armstrong Elementary school with French Immersion.

Comment "MADISON" for more details.

Bedrooms: 2
Bathrooms: 2
Size: 805 sq ft
Built: 2019

SHOWINGS:
Tony Tran PREC*
604-780-1555

10/02/2026

Wealth isn't just about how much money you have. It's about what you do with it.

Two people can start with the exact same amount of money and end up in very different financial positions years later.

One person uses their savings to buy a property outright. They value simplicity, lower risk, and the peace of mind that comes with having little or no debt.

The other uses that same capital as a down payment, leverages financing, and purchases multiple properties. Their goal is to maximize growth, build equity across more assets, and potentially create additional income through rentals.

Neither approach is automatically right or wrong.

The best strategy depends on your goals, risk tolerance, timeline, and overall financial situation.

What matters is understanding that money can do more than sit still. Whether it's real estate, businesses, stocks, or other investments, the people who build wealth often focus on putting their capital to work rather than simply spending it.

The question isn't how much money you have today.

The question is whether your money is helping create more opportunities for tomorrow.

Save this if you're thinking about investing in your future.

10/01/2026

The listing description is one of the most read parts of a real estate listing... and sometimes the most entertaining.

Every listing is written to highlight the home's best features, but a few phrases have earned a reputation of their own.

A "handyman special" might be a great opportunity... or it might become your new full-time hobby.

A "peek-a-boo view" technically counts as a view, even if you have to find the perfect angle to see it.

An "open concept" can sometimes mean there are fewer walls than expected.

A "unique layout" usually means you're about to see something you haven't seen before.

And "priced to sell"? Well, let's just say the seller would really like some attention.

The truth is that listing descriptions only tell part of the story.

That's why smart buyers don't make decisions based on a few lines of marketing copy. They ask questions, look at the facts, understand the neighbourhood, and see the property for themselves.

Some homes with questionable descriptions turn out to be incredible opportunities.

And some homes with perfect descriptions still deserve a closer inspection.

The goal isn't to become an expert in Realtor code words.

The goal is knowing what questions to ask when you find a home you like.

Share this with someone who's constantly scrolling real estate listings.

09/30/2026

Most people think wealth is built with one perfect real estate purchase.

In reality, it's often built through a series of smart ones.

Many investors start with a home they can afford, live in it for a few years, build equity, and then use that equity to help purchase the next property. Over time, what started as a primary residence can become a rental property that contributes to their long-term financial goals.

The key isn't finding the perfect investment. It's understanding that real estate can be a stepping stone. Each property has the potential to help create options for the next one, whether that's through appreciation, principal paydown, or rental income.

The people who build wealth through real estate usually aren't chasing shortcuts. They're thinking long term, making strategic decisions, and allowing time to do the heavy lifting.

Real estate wealth is rarely built overnight.

It's built one property, one decision, and one year at a time.

Save this if you're thinking beyond your first home.

NEW LISTING | $2,749,000@ 72 E 57th Ave, Vancouver OPEN HOUSE:Sat, Oct 3 . 2:00pm–4:00pmSat, Oct 10 . 2:00pm–4:00pmWel...
09/29/2026

NEW LISTING | $2,749,000

@ 72 E 57th Ave, Vancouver

OPEN HOUSE:
Sat, Oct 3 . 2:00pm–4:00pm
Sat, Oct 10 . 2:00pm–4:00pm

Welcome to your custom-built dream home for entertaining! This reverse floor plan offers over 3,200 sq ft of living space, with a rooftop patio, full BBQ, fire pit, and hot tub overlooking stunning 360-degree city views.

The main home features high-end appliances including dual Sub-Zero fridges, a w**e fridge, Wolf double oven, and espresso machine. It also has a/c, a 5.1 Bose sound system, and a comprehensive security system with 7-point camera, all in an open layout made for gatherings.

Downstairs you'll find a legal 2-bedroom suite, plus a 2-bedroom laneway home at the back. Perfect for family or as a mortgage helper. The carport fits 2 cars in tandem with Level 2 EV charging. Truly one of a kind!

Comment "DREAM" for more details.

Bedrooms: 7
Bathrooms: 7.5
Size: 3,238 sq ft
Lot: 3,636 sq ft
Built: 2020

SHOWINGS:
Randal Cheng PREC*
604-889-3113

09/28/2026

If you’re moving to Vancouver, don’t miss these 5 neighbourhoods 👇

Brentwood — For the person who wants that “everything is right outside my door” lifestyle. You’ve got SkyTrain access, shopping, restaurants, newer condos and some of the biggest redevelopment happening in the region. It feels modern, connected and convenient.

Oakridge — One of Vancouver’s biggest transformations is happening here. The new Oakridge Park has brought high-end shopping, restaurants and the new Time Out Market Vancouver, while the larger redevelopment is creating thousands of new homes, parks and community spaces. Add Canada Line access and a central location, and Oakridge is becoming a major urban hub.

Lougheed — One of the most underrated areas if you’re thinking long-term. Two SkyTrain lines, major redevelopment, access to Coquitlam and Burnaby, and plenty of newer housing. It’s especially interesting for buyers who want connectivity and future growth potential.

Port Moody — This one feels completely different. You’re surrounded by mountains, water, trails, breweries and a much more laid-back lifestyle. You’re still connected to the rest of Metro Vancouver, but it actually feels like you’ve escaped the city.

Metrotown — If convenience is your priority, it’s hard to beat. One of the biggest shopping districts in the region, SkyTrain access, restaurants, parks, schools and a huge selection of condos. It’s dense, urban and constantly evolving.

Save this before you go shopping.

Address

#230-3700 N Fraser Way
Burnaby, BC
V5J5H4

Telephone

+16047715397

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