Steve Davis / Oakwyn Realty Encore

06/11/2026

📢 Bank of Canada Holds Interest Rate Steady

The Bank of Canada announced on June 10, 2026, that it is keeping its key overnight interest rate unchanged at 2.25%, marking the fifth consecutive rate hold. The Bank cited ongoing economic uncertainty, inflation concerns, and the need to balance economic growth with price stability.

What does this mean for home buyers and homeowners?

🏡 Variable-rate mortgage holders will see no immediate change to their payments.
🏡 Fixed mortgage rates will continue to be influenced more by bond market movements than by the Bank of Canada's overnight rate.
🏡 Buyers and sellers can continue to plan with greater certainty, as borrowing costs remain stable for now.

While inflation remains above the Bank's 2% target, there has been limited evidence that higher energy prices are creating broad-based inflation pressures, leading policymakers to take a cautious "wait and see" approach.

If you're thinking about buying, selling feel free to reach out.

06/07/2026

Metro Vancouver Market Update May 2026

06/07/2026

Burnaby South Market Update for May 2026

06/07/2026

New Westminster Market Update for May 2026

06/06/2026

May 2026 MLS® Market Insights GVR

Home sales registered on the MLS® in Metro Vancouver remain relatively flat compared to April last year, but a divergence is emerging between market segments.

Read our May 2026 MLS® Market Report to learn more: https://www.gvrealtors.ca/market-watch/monthly-market-report/may-2026.html

Home sales registered on the MLS® in Metro Vancouver remain relativ...

06/05/2026

Across all detached, attached and apartment property types, the sales-to-active listings ratio for May 2026 is 13.1 per cent. By property type, the ratio is 10.7 per cent for detached homes, 15.4 per cent for attached, and 14.2 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

06/05/2026

Led by slow sales in the apartment segment, home sales registered on the MLS® in Metro Vancouver were down nearly four per cent in May compared to last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,150 in May 2026, a 3.5 per cent decrease from the 2,228 sales recorded in May 2025. This was 26.6 per cent below the 10-year seasonal average (2,930).

06/05/2026

There were 6,115 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in May 2026. This represents a 7.6 per cent decrease compared to the 6,620 properties listed in May 2025. This was 1.3 per cent above the 10-year seasonal average (6,036).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,917, a one per cent decrease compared to May 2025 (17,094). This is 34.6 per cent above the 10-year seasonal average (12,567).

06/05/2026

Healthy inventory levels continued to absorb the relatively muted level of demand in Metro Vancouver’s housing market in May, keeping price trends across all housing types relatively flat month-over-month.

While detached home sales edged up and attached home sales remained relatively steady, slower apartment sales weighed on overall market activity.

See the May 2026 MLS® Housing Market Report for a closer look at trends across the region: https://bit.ly/43awz4s

05/29/2026

Rare 1,275 sq ft 2-bedroom + den in Uptown New Westminster - significantly larger than most comparable condos on the market. This thoughtfully laid-out 7th-floor home at The Uptown features a spacious open-concept living area anchored by a gas fireplace, oversized windows that flood the space with natural light, and engineered hardwood flooring throughout. The kitchen features a central island perfect for entertaining, and the separate den makes an ideal home office or nursery. Two well-proportioned bedrooms include a primary with ensuite. Step out to your private covered balcony - usable in all seasons thanks to the northeast exposure and overhead cover. One secure underground parking stall and storage locker included. Building amenities include a fitness center and a social room with a pool table. Maintenance fee covers hot water, gas for the fireplace, gardening, management, and recreation facilities. Pet-friendly (1 dog or cat, max 44 lbs). Walk score is excellent: steps to Moody Park, a short walk to Queen's Park, Uptown shopping, Royal City Musical Theatre, medical building, and transit connecting to SkyTrain. A rare combination of size, location, and value in one of New Westminster's most walkable neighborhoods.