The Sledgehammer & The Toll Booth Eighteen months ago, I called the Province’s Transit-Oriented Area legislation, “urban planning with a sledgehammer.” I was being generous. Hastily planned transit densification with no overarching contextual considerations; mandated, enforceable, and extremely political. Within a single week this October, British Columbians will vote twice: municipal elections on October 17, … Continued
Have We Fallen Out of Love with Real Estate? There has been a noticeable shift in the psychology of buyers and sellers across Metro Vancouver. Real estate, arguably our most important tangible asset, whether it is an investment, a place to live, or a home for a business, I am seeing it is no longer … Continued
EXECUTIVE SUMMARY As we move through the First Quarter of 2026, the Canadian economy continues to reflect a period of measured adjustment, with inflation reading stable and interest rates holding steady while the Bank of Canada looks to fortify the economy against international market swings driven by war and political chaos. While GDP growth has … Continued
EXECUTIVE SUMMARY This edition of London Pacific’s Quarterly Market Update takes a sober look at 2025. As year-to-date metrics and sales stats are finalized, the reality of where our market sits cannot be avoided. Residential sales in Metro Vancouver for 2025 were 24.7 per cent below the 10-year annual sales average (31,625), marking the lowest … Continued
EXECUTIVE SUMMARY Certainty. The singular most important factor developers look for when planning future projects. Unfortunately, in today’s development environment, it’s also the hardest to find. Poorly timed and often misaligned government policies continue to create obstacles for private developers, the very group most capable of addressing British Columbia’s housing crisis. This Quarterly Report will … Continued
EXECUTIVE SUMMARY Multifamily and the land that we sell have always been sister asset classes because our land deals are the prerequisite to build multifamily homes. As we move into an income-focused market with buyers looking for properties that provide a return, we see multifamily as a natural candidate for stable returns in a volatile … Continued
EXECUTIVE SUMMARY The first quarter of 2025 brought a complex macroeconomic landscape, marked by shifting trade dynamics and rising protectionism. These trends signal tighter household and small business spending. The April 16th announcement from the Bank of Canada brought with it a hold to the current rate of 2.75%. I believe this was not so … Continued
EXECUTIVE SUMMARY The combination of favorable interest rates, successful rollout of TOA policies, and strategic market activity sets a strong foundation for continued growth in Vancouver’s development land sector. Developers are well-positioned to capitalize on demand for transit-oriented housing, leveraging policy stability and accessible borrowing conditions to advance key projects. While the potential for new … Continued
EXECUTIVE SUMMARY In British Columbia, the real estate market has experienced a stable but cautious market, with modest declines in sales volume year-over-year. The introduction of more favourable interest rates could encourage greater activity, but the market remains balanced by significant supply of new listings and land development opportunities. Prices have seen little movement, reinforcing … Continued
INTEREST RATES Q2 was defined by the Bank of Canada’s fourth rate announcement on June 5th when it finally carried out the first rate cut in over four long years, citing steadily declining inflation and slackening GDP as the drivers of its decision. Source: WOWA INFLATION Canada’s annual inflation rate edged up to 2.9 per … Continued
