Amidst macroeconomic challenges, Vancouver was the most preferred market by investors in the fourth quarter of 2023, followed by Toronto and Ottawa

In the fourth quarter of 2023, Vancouver’s office sector saw a significant drop in value, down 36% from the previous year to $579 million. Office space availability increased slightly to 12.2%, showing stability. Around 608,769 ft2 of new office space...

On March 21, 2024, Immigration, Refugees and Citizenship Canada made an announcement regarding temporary residents. While recognizing the contribution to Canada that immigration provides, a key point of the announcement is that a target has been set to decrease the temporary resident population to 5% of the total population over the next three years. The aim is to manage and balance immigration sustainably,...

Significant legislative changes to short-term rentals in BC are coming into effect on May 1, 2024.

The Short-Term Rental Accommodations Act, which gained royal assent on October 26, 2023, was aimed at increasing the supply of long-term residential housing, empowering local authorities with better tools for short-term rental bylaws, and developing a new provincial registry for all short-term rental hosts....