Ken Chong

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Ken Chong Licensed since 1980, Macdonald Realty since 1990 … Born & raised in Vancouver… well versed in the ever changing City zonings / City Plans

10/06/2026

Toronto, Vancouver housing still hugely desirable despite recent challenges
After 45 years in Vancouver real estate and a background in Urban Land Economics, I've watched our city—and Toronto—remain top global draws, with Vancouver ranking 24th and Toronto 20th worldwide. Both cities are powered by strong economies, but our ongoing housing affordability challenge is reflected in lower Quality of Life scores, driven by high housing costs. To truly address this, Canada would need to build between 430,000 and 480,000 homes per year—a mark we have yet to achieve. As someone focused on Vancouver Westside, I see firsthand how these numbers play out at street level, shaping the fabric of our communities and the choices available for residents.

Home sales remain low but recovering slowly, says BCREAThe latest numbers from BCREA show that while residential home sa...
10/02/2026

Home sales remain low but recovering slowly, says BCREA
The latest numbers from BCREA show that while residential home sales across British Columbia remain subdued, there are signs of gradual recovery. In August, total sales reached $5.2 billion—a 4.8% dip—with average home prices down 1% to $924,826. The sales volume also decreased by 5.5%, totaling 46,069 homes. Here on the Westside of Vancouver, we’ve witnessed a 1.3% drop in average prices and a 3.6% decline in sales. After 45 years working in this market and staying current with the ever-evolving land uses in our city, I find that understanding these shifts is essential to navigating opportunities, both for buyers and sellers. Staying attentive to these details is part of what helps my clients feel confident, even as the market adjusts.


https://www.roomvu.com/agent-news/ken-chong-prec-182698/2057518-Home-sales-remain-low-but-recovering-slowly%2C-says-BCREA

10/01/2026

Canada Housing Could Look Very Different in 2027
Looking ahead to 2027, those of us watching Vancouver’s evolving landscape may see the Canadian housing picture shift in some notable ways. According to CMHC, the expectation is for a gradual improvement in housing conditions as incomes and economic growth regain momentum. While sales are projected to recover, activity will likely remain below the busy pace we saw in the previous decade. CREA’s outlook of only modest national price growth points toward a period of stabilization, rather than another dramatic price climb. With inventories higher and demand softening in certain regions, buyers could find themselves in a stronger position at the negotiating table. Having followed Vancouver Westside’s changing land uses over the decades, I’ll be keeping an eye on how these national trends play out locally.

09/29/2026

Fall 2026 Housing Supply Report
Let’s connect and talk about the latest insights in the industry!

09/29/2026

National Day for Truth and Reconciliation

09/24/2026

Canada’s Housing Market Eyes 2027 Recovery
After more than four decades immersed in Vancouver’s evolving landscape, I keep a close watch on the long view. Recent signals in Canada’s housing market—such as improving resales, steadying prices, and a flattening inventory—echo trends I’ve seen emerge when a city’s fundamentals begin to steady. Affordability and employment are restoring buyer confidence, with many who paused their search now financially prepared to re-enter. The latest forecast suggests 2026 may bring a slight dip in resales (down around 4% to about 453,000) and a modest decrease in benchmark prices (down about 2% to $794,000), before we see a gradual upswing in 2027. With borrowing costs hovering near lows and rates likely holding steady, there’s cautious optimism—though energy shocks and trade issues remain watchpoints. The broader recovery, expected to lift both resales and prices across all provinces in 2027, is described as steady rather than dramatic. In my work on the Vancouver Westside, staying current on these shifts is essential for helping clients make informed decisions in a market that rarely stands still.

09/23/2026

Canada Fee Cuts Could Unlock Supply
Development fees have always been a significant factor in the cost of new homes here in Canada—something I’ve witnessed first-hand throughout my 45 years in Vancouver real estate. A recent national housing agency study found that reducing these fees could make nearly 14% more residential projects viable, with cities like Toronto and Vancouver standing to gain the most. For example, removing these charges could boost the number of feasible projects by roughly 10%, and Toronto might meet half of its stated housing supply goals this way. When you compare fee structures, Calgary’s charges range from about $4,000 for a one-bedroom high-rise to $9,000 for a detached home—far less than Vancouver’s $20,000 to $33,000 for similar units. Of course, these development fees support essential infrastructure—roads, sewers, and city administration—so finding the right balance is important. Still, lowering fees for larger, family-sized homes could be a step toward making new construction more competitive, especially as these units often exceed the price of comparable resale homes. Staying current on these ever-evolving policies is just part of my commitment to keeping you informed about the complexities of Vancouver’s housing market.

09/22/2026

Several straight monthly gains: is Canada's market turning?
Watching the Canadian real estate market closely, I’ve seen four consecutive months of increased home sales as of July—a signal that’s worth noting. With average sale prices ticking up 0.2% to $674,819 and new listings slipping by 1.6%, we’re seeing supply tighten across the board. Inventory now sits at 4.7 months, pointing to a balanced environment. These numbers reflect a market in transition—something that resonates here on Vancouver’s Westside, where changing land use and shifting inventory are always on my radar. Staying current with these trends has been central to my practice since 1980, and I continue to monitor how national shifts play out locally.

Address

2105 W38th Avenue
Vancouver, BC
V6M1R8

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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+16046711025

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