Realtor Erfan Hosseini, 1707 Larson Road, North Vancouver, BC (2026)

09/21/2026

If you’re waiting for mortgage rates to keep dropping before buying a home, there’s something you should know.

Fixed mortgage rates don’t move directly with the Bank of Canada’s policy rate.

Here’s what’s happening 👇

📈 Bond yields have been moving higher

Fixed mortgage rates in Canada are heavily influenced by Government of Canada bond yields—especially the 5-year yield.

When those yields rise, lenders can face pressure to increase fixed mortgage rates.

🏦 So what about the Bank of Canada?

Even if the Bank of Canada holds or eventually lowers its policy rate, that doesn’t guarantee fixed mortgage rates will fall at the same time.

Variable rates are more directly tied to the Bank of Canada’s policy rate.

Fixed rates are driven much more by the bond market and expectations about inflation and the economy.

🏠 Why does this matter for buyers?

If you’re sitting on the sidelines waiting for a significantly lower fixed rate, the market doesn’t necessarily move in a straight line.

Rates can move higher again—even without a Bank of Canada rate hike.

And there’s another side to this…

If rates eventually fall enough to bring more buyers back into the market, you could end up trading:

A lower mortgage rate

for

More competition for the same home.

That’s why I wouldn’t make a home-buying decision based on trying to perfectly time interest rates.

Focus on the payment you can comfortably afford, the price you’re paying, and whether the home makes sense for you long term.

09/20/2026

Metro Vancouver could have roughly $4.6 BILLION worth of completed, unsold condos by the end of 2026.

So why don’t developers just slash prices until they sell?

It’s more complicated than you might think 👇

💰 They may prefer incentives over headline price cuts

Instead of dropping the advertised price by $50,000, a developer might offer:

→ Reduced deposits
→ Parking or storage
→ Upgrade packages
→ Closing credits
→ Mortgage incentives
→ Assignment incentives

Why?

🏢 Hundreds of buyers may have already purchased in the same project

Imagine buying a condo for $800,000 two years ago…

Then the developer starts selling identical units for $700,000.

That’s not exactly great for existing purchasers—or the project’s remaining inventory.

🏦 Project financing matters

Developments are financed based on detailed budgets, revenues and lending agreements.

Simply cutting prices dramatically can affect the economics of the project and how lenders view it.

📉 Appraisals matter too

Large recorded price reductions can create new comparable sales at lower values, potentially affecting valuations of other units in the project.

⏳ Some developers can afford to wait

If they have the financial ability to carry the inventory, they may prefer incentives or gradual price adjustments rather than immediately resetting prices across the entire development.

But here’s the important part for BUYERS:

Unsold inventory creates leverage.

The advertised price isn’t necessarily the only thing worth negotiating.

You can potentially negotiate on price, deposit structure, parking, storage, upgrades, closing costs and other incentives depending on the project.

$4.6 billion in unsold condos doesn’t automatically mean a fire sale…

But it DOES mean I’d be asking what else the developer is willing to do to make the deal happen. 👀

09/18/2026

More than $170 MILLION is going toward 355 new rental homes in Burnaby.

And it’s happening at Kʷasən Village, near BCIT and Brentwood.

Here’s what’s coming 👇

🏗️ 355 purpose-built rental homes

The development includes:

→ 91 homes in a 6-storey building
→ 264 homes in a 21-storey tower
→ Studio to 3-bedroom units

💰 Where is the $170M coming from?

The federal government is providing approximately $131.9 million in repayable financing through the Apartment Construction Loan Program.

Additional funding and equity brings the total investment to more than $170 million.

🏘️ This is part of a MUCH bigger development

Kʷasən Village is a major master-planned community being developed in partnership between the xʷməθkʷəy̓əm (Musqueam) and Tsleil-Waututh Nations and Aquilini Investment Group.

The overall community is planned to eventually include thousands of homes, parks, retail and other amenities.

📍 And the location matters

It’s positioned near BCIT, Brentwood, major employment areas and transit—an area of Burnaby that’s expected to see significant growth over the coming years.

But here’s the bigger story…

We’re seeing more and more new housing construction shift toward purpose-built rental instead of condos for ownership.

And with condo construction slowing across Metro Vancouver, that could significantly change what our housing supply looks like over the next decade.

More homes are being built—but fewer of them may be homes you can actually BUY. 👀

09/18/2026

Metro Vancouver has thousands of brand-new condos sitting unsold right now.

So naturally, developers are building fewer of them.

But that could create an entirely different problem in a few years 👇

📉 Condo construction is collapsing

According to CMHC, condo apartment starts in Vancouver fell another 40% in the first half of 2026.

That’s the weakest first half of the year for new condo construction since 2011.

🏗️ Why aren’t developers building?

Weak presales.

High construction costs.

Expensive financing.

And thousands of completed homes that still need buyers.

If developers can’t sell enough homes before construction, many projects simply don’t make financial sense to start.

🏢 Meanwhile, rental construction is booming

Purpose-built rentals now represent roughly 60% of housing starts in the Vancouver region.

A decade ago, they represented less than 20%.

So we’re still building housing…

We’re just building significantly less housing for OWNERSHIP.

⏳ And here’s where this gets interesting

A condo tower can take YEARS to plan, finance and build.

So if projects aren’t starting today, those homes won’t suddenly appear if buyer demand returns a few years from now.

Right now we have:

High inventory → Weak presales → Fewer projects starting → Fewer future completions

Which raises a pretty important question…

Could today’s condo oversupply become tomorrow’s condo shortage? 👀

09/16/2026

All presale contracts at Vancouver’s CURV development have now been terminated.

Here’s what happened 👇

🏙️ CURV was supposed to be a 60-storey luxury tower

Planned for 1075 Nelson Street in Vancouver’s West End, the project called for 357 strata homes and 176 market rental units.

Some one-bedroom homes originally started around $1 million.

🏗️ But the project struggled to reach its presale targets

CURV launched presales in 2023, but according to the court-appointed receiver, the developer couldn’t achieve the level of sales needed to secure construction financing.

💰 Then the project entered receivership

In July 2025, Deloitte was appointed receiver after proceedings were initiated by RBC on behalf of a group of lenders.

At that point, the future of the development became uncertain.

❌ Now ALL remaining presale contracts have been terminated

The receiver says there’s a “very low likelihood” that whoever purchases the site would build CURV exactly as originally planned while keeping the existing presale contracts.

Many purchasers had also requested their deposits back.

The receiver has now confirmed that all presale contracts have been terminated.

So what can presale buyers learn from this?

Buying presale isn’t just about choosing the right floorplan or getting in early.

You’re also taking on:

→ Developer risk
→ Financing risk
→ Construction risk
→ Market risk
→ The possibility that the project changes—or never gets built as originally planned

Presales can still make sense.

But you’re buying a contract for a future home—not a finished home.

And CURV is a pretty significant reminder of the difference.

09/16/2026

🔥 𝐉𝐔𝐒𝐓 𝐒𝐎𝐋𝐃 🔥

📍 2205 - 6220 McKay Ave, Burnaby

Huge congratulations to my incredible clients O & F on the sale of their home!

Through strategic positioning and expert negotiation, we secured the highest price per square foot sale in the building in the last 12 months for our clients condo. Maximizing their return and setting a new benchmark for the building.

If you are considering taking advantage of the current real estate market, let’s sit down and plan your next real estate move.

📲 𝟕𝟕𝟖-𝟖𝟓𝟓-𝟎𝟖𝟕𝟗
📧 𝐬𝐞𝐥𝐥𝐰𝐢𝐭𝐡𝐞𝐫𝐟𝐚𝐧@𝐠𝐦𝐚𝐢𝐥.𝐜𝐨𝐦
🕸️ ErfanRealty.com

09/15/2026

Metro Vancouver could soon have $4.6 BILLION worth of brand-new condos sitting unsold.

And the numbers are pretty crazy 👇

🏗️ Nearly 4,000 completed condos were already unsold

At the end of March, there were approximately 3,945 completed but unsold new condos across Metro Vancouver.

By the end of 2026, that number is projected to reach roughly 4,200 homes worth $4.6 BILLION.

📍 Burnaby has the most unsold units

Burnaby alone had 1,118 completed unsold condos, worth an estimated $1.09 billion.

Vancouver had another 668 units, valued at approximately $1.33 billion.

So how did we get here?

📉 Presale demand has collapsed

For years, investors and buyers were willing to purchase condos years before completion with the expectation that values would rise.

That demand looks very different today.

💰 Affordability is still a major problem

Even with prices softening, many newly completed condos are still expensive relative to what buyers can afford—or are willing to pay.

🏦 Developers can’t simply slash prices

Reducing prices significantly can affect previous buyers, project financing and the economics of the entire development.

So developers may turn to incentives, bulk sales, rental strategies or simply hold inventory instead.

But here’s where this gets REALLY interesting…

The problem may get bigger before it gets better.

The report projects completed unsold inventory could climb to more than 6,000 units by 2029.

For buyers, that could mean something we haven’t seen much of in Vancouver’s new-construction market:

LEVERAGE.

More incentives.

More negotiation.

More completed homes you can actually walk through before buying.

And potentially developers becoming much more motivated to make deals.

If you’re buying a new condo right now, the asking price might only be the beginning of the negotiation. 👀

09/11/2026

B.C. has officially set the maximum rent increase for 2027 at 2.2%.

Here’s what that actually means for landlords and tenants 👇

🏠 Maximum increase: 2.2%

Starting January 1, 2027, most B.C. landlords can increase rent by a maximum of 2.2% under the annual allowable increase.

That’s slightly LOWER than the 2.3% maximum for 2026.

📅 Rent can’t just be increased on January 1

A landlord can generally only increase the rent once every 12 months and must give the tenant at least three full months’ notice using the proper form.

💰 What does 2.2% actually look like?

$2,000/month → $2,044
$2,500/month → $2,555
$3,000/month → $3,066

📉 Here’s the interesting part…

This announcement comes while asking rents across B.C. have actually been FALLING.

The Province says average asking rents in B.C. were down 4.7% year-over-year, while Vancouver purpose-built rental asking rents were down 19% from their July 2023 peak.

So some landlords could technically have the ability to raise an existing tenant’s rent…

while new tenants may be seeing LOWER asking rents in the market.

That creates an interesting question for 2027:

If market rents keep falling, will every landlord actually WANT to use the full 2.2% increase? 👀

09/09/2026

Burnaby has approximately 25,000 APPROVED homes that haven’t started construction.

Yes—already approved.

So what’s stopping them from being built? 👇

🏗️ Approval doesn’t mean construction

The City can approve and zone land for housing, but it can’t force a private developer to actually start building.

💰 The numbers still have to work

Land, construction, financing, development charges and other costs all affect whether a project is financially viable.

🏢️ Developers also need buyers

For many condo projects, presales are an important part of securing financing.

If buyers aren’t purchasing at the prices needed to make the project work, construction may not start—even if the project is fully approved.

📉 And that’s the problem with simply saying “build more homes.”

According to Burnaby Mayor Mike Hurley, there are also nearly 4,000 vacant and unsold homes across Metro Vancouver.

His argument is that the housing problem isn’t simply about getting more units approved.

It’s also about whether people can actually afford the homes being built—and whether those projects are financially viable to build in the first place.

25,000 homes approved.

Yet they’re still sitting on paper.

That’s a pretty good example of how complicated our housing problem has become.

09/09/2026

Vancouver is cutting some of the costs of building new housing—but don’t expect condo prices to suddenly drop 20%.

Here’s what’s happening 👇

🏗️ Development Cost Levies are staying 20% lower

The City is maintaining its temporary 20% reduction in DCLs, which are fees developers pay to help fund infrastructure and services needed as the city grows.

🏢 Rental projects are getting additional relief

Vancouver is also extending its DCL waiver program for qualifying rental development.

💰 Other development charges are changing too

The City is restructuring how new development contributes toward amenities, while removing certain density-bonus cash contributions and changing its Community Amenity Contribution framework.

📅 The new framework takes effect September 30

So why is Vancouver doing this?

Because getting a project approved doesn’t necessarily mean it’s financially viable to build.

Construction costs, financing, land costs, development charges and weak presale demand can all affect whether a project actually moves forward.

But here’s the important part for buyers:

Lower development costs don’t automatically mean developers will sell homes for less.

The bigger potential impact is that making projects more financially viable could help more housing actually get built.

And in the long run, more supply is what buyers should be watching.

So the real question isn’t:

“Will condos suddenly get cheaper?”

It’s:

“Will this actually get more projects out of the ground?” 👀

Realtor Erfan Hosseini

09/21/2026

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