Blog

Edmonton avg. detached price: $565,496 YTD
Detached sales ↑ 2.6% YoY; prices ↑ 6.4% YoY
New listings ↑ 16.3% vs. June 2024.
Despite a slowdown in townhomes, Edmonton’s housing market remains steady and opportunity-rich.
Greater Edmonton Area offers opportunities as inventory grows into year's second half

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Big news 🏡: BC is replacing the old Mortgage Brokers Act with the new MSA.

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MSA = stronger consumer protections, clearer broker rules, and tougher enforcement ✅.

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It officially kicks in October 13, 2026, after a 15-month transition period ⏳.

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Expect higher standards, better disclosure, and advice designed for YOUR best interests 💬.

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During transition, always check your broker is registered using BCFSA’s “Find a Broker” tool 🔍.

Surrey exceeded its 2025 housing target by 53%, delivering 6,488 net new units.
The provincial five-year target is 27,256 units; Surrey is ahead after year one.
Over 13,100 units have permits issued and are progressing through construction stages.
More than 45,100 rezoned units await construction, showing strong future development potential.
Surrey implemented 30+ process improvements to fast-track approvals and support housing delivery.

Nearly **4,400** homes listed in July
Listings ↓ **7.8%** year-over-year
Home sales dipped ~0.5% MoM
Buyers gain more market power
Avg. price: ~$460K, ↑5% YoY

Happy Labour Day!
Labour Day is a chance to honor and appreciate the hard work and contributions of workers in various industries.
It's a chance to look back at workers' rights achievements and labor rights progress over time.
Sending warm wishes on Labour Day to honor the dedication and contributions of workers everywhere.
May your Labour Day be filled with rest, rejuvenation, and the satisfaction of a job well done.

Central bank held rates for the third straight time, keeping the overnight rate at 2.75%.

Decision follows rising inflation (1.9%) and a strong job report (+83,800 jobs), reducing the likelihood of a cut.

Ongoing U.S.–Canada trade tensions under Trump’s tariffs are creating uncertainty and upward inflation risks.

Scotiabank and RBC predict no more cuts in 2025, while others still expect easing later this year.

Next policy meeting is Sept 17 – eyes now on whether the economy slows or trade chaos worsens.

Bond yields guide mortgage rates—understanding them helps borrowers make smarter decisions.
A bond yield shows how much return investors earn—like interest—for holding a bond.

BoC’s neutral rate is 2.75%, aiming to balance growth without overheating or stalling.

Scotiabank sees rates holding at 2.75% through 2025, then easing to 2.0% in 2026.
Home sales expected to rise 6.3% in 2026, reaching nearly 500,000 across Canada.

Average home prices likely to climb to $697,929 in 2026—up 3% from this year.
CREA says pent-up demand is fueling sales, but uncertainty still holds things back.