The Greater Vancouver REALTORS® (GVR) has released its October 2025 market report, revealing that slower sales and higher inventory levels are shaping one of the most buyer-friendly markets of the year.

Despite another interest rate cut by the Bank of Canada this October — the fourth in 2025 — buyers remain cautious, and listings continue to rise, creating more opportunities for those looking to purchase this fall.

“October is typically the last month of the year where sales activity sees a seasonal uptick, but sales still fell short of last year’s figures and the ten-year seasonal average,” said Andrew Lis, GVR’s Chief Economist and Vice-President of Data Analytics. “Even the fourth cut this year to the Bank of Canada’s policy rate wasn’t enough to entice more buyers back into the market.”

📊 Market Highlights: October 2025

• 🏠 Total sales: 2,255 homes — down 14.3% from October 2024 and 14.5% below the 10-year seasonal average

• 📈 New listings: 5,438 — relatively stable, down just 0.3% year-over-year

• 🏘️ Active listings: 16,393 — up 13.2% compared to last year and 35.9% above the 10-year average

• 💼 Sales-to-active listings ratio: 14.2% overall

  • Detached homes: 11.3%

  • Townhomes: 17.6%

  • Condos: 15.5%

📉 A sales-to-active listings ratio below 12% typically indicates downward pressure on home prices, while ratios above 20% suggest price increases. With October’s ratio sitting at 14.2%, the market is leaning toward balanced — but clearly in buyers’ favour.

💰 Benchmark Prices

Home prices have eased across all property types as high inventory meets softer demand:

• Detached homes: $1,916,400 ↓ 4.3% year-over-year

• Townhomes: $1,066,700 ↓ 3.8% year-over-year

• Apartments: $718,900 ↓ 5.1% year-over-year

• Composite benchmark: $1,132,500 ↓ 3.4% year-over-year

Prices have also slipped modestly month-over-month, suggesting that the fall market is providing a window of opportunity for well-prepared buyers.

🌟 What This Means for Buyers

With inventory sitting at its highest level in years, buyers now have:

• More selection to find the right property

• Increased negotiating power

• Less competition from multiple offers

While sales have slowed, the long-term fundamentals of the Metro Vancouver market remain strong. For buyers who have been waiting for a more balanced market, this fall could be an ideal time to make a move.

“After peaking in June, inventory levels have edged lower, and prices have eased across all market segments as slower-than-usual sales activity meets the highest inventory levels seen in many years,” Lis added. “With no further reductions to the Bank of Canada’s policy rate expected in 2025, market conditions appear as favorable for buyers as they’ve been all year.”

🗝️ Thinking About Buying or Selling?

If you’re considering entering the market, this is the time to explore your options with confidence. Whether you’re planning to buy your first home, move up, or downsize, understanding the current trends can help you make the most informed decision possible.

📞 Tara Kennedy – REALTOR®
Serving the Tri-Cities and Greater Vancouver Area
📱 236-992-8989
📧 TaraKennedySells@gmail.com
🌐 www.TaraKennedy.ca

#VancouverRealEstate #MarketUpdate #BuyersMarket #TaraKennedyRealtor #MetroVancouverHomes #RealEstateTrends #TriCitiesRealtor #BCRealEstate #HousingMarket #CoquitlamRealtor #PortMoodyRealEstate #HomeBuyingTips

Every year on November 11th, Canadians pause for a moment of silence to honour the men and women who have served—and continue to serve—our country in times of war, conflict, and peacekeeping.

At 11:00 a.m., we stop what we’re doing and remember the exact moment when the guns fell silent on the Western Front in 1918, marking the end of the First World War.

Remembrance Day is not just about remembering history—it’s about appreciating the peace and freedoms we enjoy today, and acknowledging the tremendous sacrifices that made them possible.

🇨🇦 The History of Remembrance Day in Canada

The first Remembrance Day was held in 1919, one year after the end of the First World War. It was originally known as Armistice Day, marking the armistice agreement signed on November 11, 1918, between the Allies and Germany.

In 1921, the Canadian Parliament passed the Armistice Day Act, combining Armistice Day with Thanksgiving and observing it on the Monday of the week in which November 11 fell. However, this date proved confusing and disconnected from the true spirit of remembrance.

In 1931, Member of Parliament Allan Neill introduced a bill to move the observance back to November 11 and rename it Remembrance Day. Parliament agreed, and since then, Canadians have observed it on November 11 every year.

While the day was first intended to honour those who served in the First World War, it now recognizes all Canadians who have served in every conflict since.

🌺 The Symbol of the Poppy

The red poppy has become the universal symbol of remembrance. It was inspired by the resilience of the poppy flowers that grew on the battlefields of Belgium and northern France, even amid the devastation of war.

The symbol was made famous by the poem In Flanders Fields, written by Canadian Lieutenant-Colonel John McCrae in 1915. After witnessing the loss of a close friend during the Second Battle of Ypres, McCrae was moved by the sight of poppies growing between soldiers’ graves—and penned the words that have endured for generations.

✒️ In Flanders Fields

By Lieutenant-Colonel John McCrae (1915)

In Flanders fields the poppies blow
Between the crosses, row on row,
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.

We are the Dead. Short days ago
We lived, felt dawn, saw sunset glow,
Loved and were loved, and now we lie
In Flanders fields.

Take up our quarrel with the foe:
To you from failing hands we throw
The torch; be yours to hold it high.
If ye break faith with us who die
We shall not sleep, though poppies grow
In Flanders fields.

This haunting and powerful poem became one of the most famous literary pieces of the First World War and helped inspire the poppy as a lasting emblem of remembrance.

🎖️ Traditions and Observances

Across Canada, Remembrance Day ceremonies are held at cenotaphs, war memorials, schools, and community halls. The National Remembrance Day Ceremony takes place at the National War Memorial in Ottawa, attended by veterans, serving military members, government officials, and thousands of Canadians.

Common traditions include:

• Wearing a poppy on the left lapel, close to the heart

• Two minutes of silence at 11:00 a.m. to honour fallen soldiers

• Wreath-laying ceremonies by veterans, families, and dignitaries

• The playing of “The Last Post”, followed by “Reveille”

• The reading of poems and names of those who gave their lives

Many Canadians also participate in classroom lessons, watch documentaries, or visit war museums and memorials to reflect on Canada’s military history.

💬 Why Remembrance Day Still Matters

More than 2.3 million Canadians have served in uniform since Confederation, and over 118,000 have died in service.

Remembrance Day is not only about honouring those who made the ultimate sacrifice - it’s about recognizing the ongoing contributions of veterans, peacekeepers, and active service members.

It’s also a time to reflect on the cost of war, the value of peace, and the importance of understanding our history.

As generations pass, the responsibility to remember grows stronger. The freedoms we enjoy today are built upon the courage and selflessness of those who came before us.

🌹 How You Can Honour Remembrance Day

Even simple acts of remembrance carry meaning. Here are a few ways to participate:

• Wear a red poppy from the last Friday of October until November 11.

• Observe the two minutes of silence at 11 a.m. on November 11.

• Attend or watch a ceremony—in person or virtually.

• Talk with veterans and thank them for their service.

• Teach younger generations about the importance of remembrance.

• Support veterans’ organizations, such as the Royal Canadian Legion.

🕊️ A Moment to Reflect

Remembrance Day is not about glorifying war, it’s about recognizing the deep human cost of conflict and the value of peace. It’s a time to come together as a nation to honour courage, compassion, and sacrifice.

So on November 11th, take a moment whether in silence, reflection, or conversation to remember those who gave everything, and to carry their torch forward.

Lest we forget.

#RemembranceDay #LestWeForget #CanadaRemembers #InFlandersFields #PoppyDay #HonourAndRemember #VeteransCanada #WeRemember #FreedomIsntFree #PeaceAndRespect #CanadianHistory #FlandersField

In Port Coquitlam, the City is preparing to rezone a cluster of single-family residential lots in the 2200-blocks of Manning Avenue, Fraser Avenue, and Shaughnessy Street for higher-density residential use. A total of 31 properties are affected by the proposed zoning changes.

What We Know So Far

The properties in question:
31 single-family parcels located in the 2200-blocks of Manning and Fraser Avenues and along Shaughnessy Street are being considered for apartment zoning.

The impetus:
The Province of British Columbia recently passed legislation permitting four to six units of housing on parcels previously zoned for single-family homes. In response, Port Coquitlam granted a temporary “grace period” to pause smaller-scale developments while the City assessed local infrastructure and planned for higher-density housing.

Grace period expiry:
That grace period is set to expire at the end of 2025, meaning Council must now proceed with rezoning the affected properties to align with provincial requirements.

Ownership mix:
Of the 31 parcels, 20 are owned by the City and 11 are privately held.

Infrastructure caveat:
City staff have noted that while higher density in the area is achievable, significant road and service infrastructure improvements will be required before redevelopment can move forward.

Lot consolidation required:
Because the parcels are separately owned, Council members have acknowledged that substantial consolidation will be necessary before redevelopment can begin. This process could take considerable time.

Formal rezoning vote pending:
Although Council has indicated support for rezoning, a formal vote on the bylaw is still required before any changes take effect.

Broader Context

Provincial Housing Legislation

This initiative forms part of a broader provincial effort to increase housing supply across British Columbia. Under the new small-scale multi-unit housing legislation, municipalities must allow additional housing units on land historically zoned for single-family homes. Port Coquitlam was among several cities granted extra time to implement these changes, primarily to evaluate infrastructure capacity.

Local Planning and Land-Use History

The City’s Zoning Bylaw already identifies portions of Manning, Fraser, and Shaughnessy as potential redevelopment areas, with some lots subject to specific zoning notes and exemptions. Over the past several years, the City has actively acquired strategic parcels as part of its downtown revitalization and redevelopment vision.

At the same time, smaller infill developments—such as townhouse proposals along Manning Avenue—have demonstrated a gradual move toward increased density. This proposed rezoning marks a more significant step in that evolution.

Why This Matters

Housing Supply and Density

Rezoning these 31 lots could pave the way for higher-density housing in an area currently dominated by single-family homes. The shift would increase the housing supply, support population growth, and make more efficient use of valuable urban land.

Infrastructure and Servicing

While redevelopment offers opportunity, it also brings challenges. The City has acknowledged that major upgrades to utilities, roads, and servicing infrastructure will be necessary to accommodate higher density. Without these improvements, rapid growth could strain existing systems and negatively impact surrounding neighbourhoods.

Land Ownership and Consolidation

Because many of the lots are individually owned, coordination between property owners and developers will be crucial. Lot consolidation, infrastructure planning, and financing could take several years to finalize before construction begins.

Neighbourhood Impacts

The area’s character is expected to evolve from a single-family environment to one featuring multi-unit buildings. Residents may have questions and concerns regarding traffic, parking, green space, and community identity. Balancing growth with livability will be a key consideration for both Council and staff.

Timing and Process

Even after rezoning approval, development will not occur immediately. The process will involve detailed planning, infrastructure design, permitting, and property consolidation. City officials have cautioned that progress will likely take time.

Potential Next Steps and What to Watch

• Council vote: The formal rezoning bylaw must still be introduced and approved.

• Infrastructure planning: Detailed servicing plans will be developed to address road, sewer, and utility upgrades.

• Land consolidation: Coordination between the City and private landowners will determine how redevelopment proceeds.

• Design and density: Future projects will clarify building height, unit count, and design standards.

• Public consultation: The City may engage with residents for feedback and input on redevelopment plans.

• Development timeline: After rezoning, further approvals, designs, and construction could take several years.

• Housing affordability: It remains to be seen whether future developments will include affordable or rental housing components.

• Alignment with city vision: The rezoning area sits near major transit routes and complements Port Coquitlam’s long-term vision for infill and transit-oriented growth.

What This Means for Stakeholders

For Residents

Residents living in the 2200-blocks of Manning, Fraser, and Shaughnessy can expect long-term change. Construction activity, infrastructure work, and increased density will gradually reshape the area. At the same time, redevelopment could bring new amenities, improved roads, and more housing options.

For Property Owners and Investors

Property values may shift as the zoning changes. Privately owned lots could attract developer interest for consolidation or sale. While opportunities exist, owners should be aware of potential delays, market fluctuations, and evolving development requirements.

For City Planners and Government

Rezoning these lots supports provincial housing goals and helps address the region’s housing shortage. Managing infrastructure upgrades, community engagement, and design quality will be critical to successful implementation. The City’s significant land ownership in the area gives it leverage to guide development outcomes.

For Developers

The area presents new opportunities for apartment and mixed-use projects, but also challenges. Separate ownership, infrastructure requirements, and long timelines may make projects complex to deliver. Developers will need to collaborate closely with both the City and local residents.

Challenges and Considerations

• Infrastructure readiness: Upgrading utilities and roads will be costly and time-intensive.

• Fragmented ownership: Consolidating properties may prove difficult if owners are unwilling to sell.

• Market factors: Construction costs, interest rates, and housing demand could affect project viability.

• Community response: Concerns about density, parking, and neighbourhood character may arise.

• Timing: Rezoning approval does not immediately translate into construction; multiple stages remain.

• Affordability: There is no guarantee new developments will include affordable or rental units.

• Service demand: Growth will increase pressure on local amenities, schools, and transit systems.

Why This May Be a Turning Point

This rezoning initiative represents a major step toward higher-density living in Port Coquitlam. With many of the affected parcels under City ownership, local government can play an active role in shaping how redevelopment unfolds. The move aligns with provincial policies designed to boost housing supply and could serve as a model for future redevelopment in other parts of the Tri-Cities.

If successful, the project may demonstrate how municipalities can balance housing growth, infrastructure readiness, and community character while addressing one of British Columbia’s most pressing challenges—housing availability.

Summary

The proposed rezoning of 31 lots in the Manning, Fraser, and Shaughnessy area marks a shift toward a more compact and sustainable urban form in Port Coquitlam. While the plan opens the door to future apartment developments, it will also require careful coordination, infrastructure investment, and public engagement.

As the grace period expires at the end of 2025, Council’s upcoming vote will set the stage for how this important neighbourhood evolves in the years to come.

https://www.portcoquitlam.ca/our-government/media-centre/strategic-redevelopment-keeps-downtown-vision-track?

#PortCoquitlam #PoCo #TriCitiesBC #HousingDevelopment #UrbanPlanning #Rezoning #BCHousing #AffordableHousing #CommunityGrowth #BCRealEstate #LocalNews #FutureOfHousing

November is Radon Action Month, and here in British Columbia, there’s an important message making headlines again: radon testing saves lives.

The BC Real Estate Association (BCREA), BC Lung Foundation, and Real Estate Foundation of BC have teamed up once again to launch a province-wide awareness campaign encouraging homeowners to test their homes for radon — a naturally occurring gas that can silently build up inside homes and increase the risk of lung cancer.

You may not hear about radon often, but this is one home-safety topic every homeowner should pay attention to.

❓ What Exactly Is Radon?

Radon is a colourless, odourless, and tasteless radioactive gas that forms naturally in the ground as uranium breaks down in soil and rock.

It seeps into homes through:

• Cracks in foundations

• Gaps around pipes and vents

• Sump pumps or unfinished floors

• Crawl spaces

And here’s why it matters:
When radon builds up indoors and is breathed over time, it can damage lung tissue — making it the #2 cause of lung cancer in Canada, second only to smoking.

Many people assume radon affects only certain regions — but it can be found in homes anywhere in BC. In fact, Interior BC has been identified as one of the higher-risk regions in the country.

👀 Why Is This a Big Deal in BC?

While radon exists everywhere, certain geological areas naturally have higher levels. Parts of Interior BC — including Kamloops, Kelowna, the Kootenays, and surrounding communities — have consistently shown elevated radon concentrations in homes.

But location alone doesn’t tell the whole story…
Two houses on the same street can have very different radon levels.

And because radon increases when homes are sealed tightly for winter, fall and winter are the ideal time to test.

🧪 How Do You Test for Radon?

Testing is simple, affordable, and homeowner-friendly.

✅ 3 Easy Steps

1. Order a long-term radon test kit
   A 90-day test provides the most accurate results.

2. Place the device on the lowest lived-in level of your home
   (basement living space, rec room, or ground floor)

3. Send it to the lab at the end of the testing period
   You’ll get an official reading to see if action is needed.

👉 BC’s public awareness campaign directs residents to RadonKills.ca/BC for information, testing tools, and support.

🆘 What if Your Radon Level Is High?

Don’t panic — radon can be fixed, and often more easily than people think.

A certified radon mitigation professional can usually reduce levels significantly by installing a system that vents radon safely outdoors. In most cases, homeowners see dramatic improvements after installation.

This is not a DIY situation — always work with a qualified radon contractor.

🧠 Key Takeaways for BC Homeowners

• Radon is real, common, and preventable

• You can’t see or smell radon — testing is the only way to know

• BC Interior homes are especially at risk

• Testing is simple and affordable

• Mitigation, if needed, is effective and worthwhile

• Fall & winter are the best time to test

🏠 Protect Your Home and Family

As homeowners, we invest in smoke detectors, carbon monoxide alarms, and regular maintenance — radon testing belongs right beside those essentials.

Taking action now means peace of mind, a healthier home, and a safer environment for your family.

To learn more or order a radon test kit, visit:
👉 RadonKills.ca/BC 

#RadonActionMonth #RadonAwareness #HomeSafety #HealthyHomes #BCHomes #RealEstateBC #IndoorAirQuality #ProtectYourFamily #TestYourHome #Radon #SilentKiller #LungCancer #RadonKills

🔥 SHOCKING: BC Voted to STOP Changing Clocks 5 YEARS AGO... So Why Are We Still Doing It?! 🔥

It’s a ritual we all dread: the annual “fall back” and “spring forward” that throws off our sleep, our schedules, and our sanity. In the dark of a November evening, every British Columbian has likely asked the same question: “Didn’t we vote to end this?”

The answer is a resounding YES. And that’s what makes the situation so frustrating.

Back in 2019, the province held a mail-in referendum with a simple question: "Are you in favour of ending the practice of changing clocks twice a year by adopting year-round Daylight Saving Time?"

The will of the people was clear. 54.8% of voters said YES. The referendum passed. The decision was made.

So, why did we still change our clocks this past November? The story of why your vote seems to have vanished into thin air is a tale of political caution, cross-border complications, and a broken promise.

The Fine Print: The Condition That Stalled Everything

In the wake of the referendum, the BC NDP government, then led by John Horgan, accepted the result but immediately attached a major condition. The government stated that BC would only adopt permanent Daylight Time if and when the U.S. states of Washington, Oregon, and California did the same.

The reasoning was logical on the surface: to avoid a "time warp" that would misalign BC's clock from its biggest trading partners for half the year, potentially disrupting business, travel, and communication in the Pacific Northwest.

The American Roadblock: A Law That Can't Be Broken

Here’s where the plan hit a wall it was never able to scale. While Washington, Oregon, and California have all passed bills expressing their desire to move to permanent Daylight Time, they are all bound by a federal law: the U.S. Uniform Time Act of 1966.

This act is the crux of the problem. It allows states to opt-out of Daylight Saving Time and stay on Standard Time permanently (as Arizona and Hawaii do), but it does not allow states to permanently adopt Daylight Saving Time.

The key to unlocking BC’s time change, therefore, lies not in our legislature in Victoria, but in the halls of the U.S. Congress in Washington, D.C. For years, bills like the "Sunshine Protection Act" have been introduced to change this, but they have repeatedly stalled in a gridlock of political inertia. The American political system, for all its desire at the state level, has failed to deliver.

The Bottom Line: Your Vote is in Political Purgatory

The BC government’s well-intentioned condition has created a perfect stalemate. We are held hostage by a political process in another country over which we have zero control. The promise made to British Columbians—that our vote would end the time change—has been effectively nullified by a clause that is indefinitely on hold.

It's Time for BC to Lead, Not Follow

This is more than just an issue of sleep; it's an issue of leadership. True leadership means taking responsibility and forging a solution—not hiding behind American politics as a permanent excuse for inaction.

It is time for BC to break free, to take a stand for Canada, and to stop waiting for American permission to manage our own clocks and our own lives.

The government had other choices. They could have led a coordinated, high-pressure push with our neighbouring states. They could have championed a bold, BC-first solution and developed a contingency plan. Instead, the response for half a decade has been a collective shrug, telling an entire province to just keep waiting.

The time for waiting is over. Now is the time for leadership.

The people of BC spoke. It’s long past time for our government to listen.

#BCPoli #DaylightSavingTime #BC #Referendum #StopTheClockChange #PacificTime #BCNews #WaitOnWashington #BCTimeChange #EndDaylightSaving #BCPolitics #ReferendumFail #BrokenPromise #YVR #NDPBrokenPromise #DavidEby #TimeForActionBC #BCNDP

So, grab a pumpkin spice latte, and let’s take a journey through the centuries to uncover the origins of our favorite spooky holiday.

The Ancient Spark: The Celtic Festival of Samhain

Our story begins over 2,000 years ago with the ancient Celts in what is now Ireland, the UK, and northern France. They celebrated the festival of Samhain (pronounced "sah-win") on October 31st, marking the end of the harvest season and the beginning of the dark, cold winter.

To the Celts, this time of year was about more than just changing seasons. They believed that on Samhain, the boundary between the world of the living and the world of the dead became blurred. It was a night when the ghosts of the dead were said to return to earth.

To commemorate the event, people gathered to light massive community bonfires, a central feature of any Samhain celebration. They also wore costumes, typically made of animal skins, to ward off these roaming spirits. Think of it as the very first Halloween costume party!

A New Influence: The Arrival of Christianity

As the influence of Christianity spread throughout the Celtic lands, the church often incorporated older pagan traditions into its own holidays to make them more familiar to new converts. In the 8th century, Pope Gregory III designated November 1st as a time to honor all saints and martyrs—a holiday known as All Saints' Day or All Hallows' Day.

The night before, October 31st, naturally became known as All Hallows' Eve—which, over time, was shortened to the name we know today: Halloween. The ancient traditions of Samhain, like lighting bonfires and wearing disguises, began to blend with this new Christian holiday.

Crossing the Ocean: Halloween Comes to America

Halloween was still a very limited and regional celebration for centuries. It was the wave of Irish immigrants fleeing the potato famine in the mid-19th century that truly brought Halloween to North America's doorstep.

They brought their rich folklore and traditions with them, including:

• Jack-O'-Lanterns: The original Irish legend spoke of "Stingy Jack," who tricked the devil and was doomed to roam the earth with only a burning coal in a hollowed-out turnip to light his way. Irish immigrants discovered that pumpkins, native to America, were much larger and easier to carve than turnips, giving birth to the iconic pumpkin jack-o'-lantern.

• Trick-or-Treating: This custom evolved from several practices, including the Irish and English tradition of "souling," where the poor would go from door to door on All Souls' Day, receiving food (called "soul cakes") in exchange for prayers for the household's dead relatives. The concept of "guising" in Scotland and Ireland, where children in costumes would perform a small trick—like singing a song—in exchange for a treat, also played a major role.

As these traditions mixed in the American "melting pot," they slowly evolved into the community-centered, kid-friendly holiday we know and love today.

More Than Just Candy: The Spirit of Community

At its heart, the evolution of Halloween mirrors the journey of finding a home. It’s about:

• Laying New Foundations: Just as the Celts marked a new year and Christians layered new meanings onto old traditions, moving to a new home is a fresh start.

• Blending Traditions: Every family brings its own unique "folklore" and traditions to a neighbourhood, creating a rich, diverse community much like the blending of Celtic, Christian, and American customs.

• Creating a Haven: The core of Halloween, from warding off spirits to welcoming trick-or-treaters, is about creating a safe, welcoming space. Isn't that what we all want from our homes?

Your Home, A Treat Without the Tricks

The search for a home can sometimes feel a little spooky, filled with uncertainties and scary sounding jargon. But it doesn't have to be a haunted house experience!

Just as Halloween transformed from an ancient ritual to a joyful community celebration, the home-buying process can be an exciting and positive journey with the right guide. My goal is to ensure your real estate experience is all treat and no trick, helping you find a home where you can build your own traditions for many Halloweens and all the other holidays to come.

Ready to find a home that’s sweeter than any candy? Contact me today, and let’s get started on your journey!

#HalloweenHistory #SpookySeason #RealtorLife #HomeSweetHome #HouseHunting #TrickOrTreat #JustListed #FallVibes #TriCitiesRealEstate #MoveWithMe #TaraKennedy #TaraKennedyRealtor #RoyalLepageEliteWest #HappyHalloween #Halloween2025

Key Takeaways:

• The BoC's rate cut directly lowers borrowing costs for those with variable-rate mortgages and HELOCs.

• Fixed mortgage rates are generally unaffected as they are tied to government bond yields.

• This marks a significant psychological shift in the market, potentially boosting buyer confidence.

• Navigating this new environment requires a clear strategy and expert guidance.

If you’ve been following the financial news, you already know the headline: The Bank of Canada (BoC) has cut its overnight lending rate by 25 basis points. This is the first rate cut in over four years, and it’s a significant moment.

But as a potential home buyer, seller, or current homeowner in the Tri-Cities area, what does this actually mean for you? The answer is more nuanced than the headlines suggest. Let’s dive in.

The Direct Impact: A Win for Variable Rates

In simple terms, the BoC’s overnight rate is the interest rate it charges big banks to borrow money. This rate directly influences the Prime Rate that commercial banks then offer to their customers.

Who benefits immediately?

• Homeowners with a Variable-Rate Mortgage: If your mortgage interest rate "floats" with the Prime Rate, you will likely see your next mortgage payment decrease. This provides direct, tangible relief and puts money back in your pocket.

• Those with a Home Equity Line of Credit (HELOC): Since HELOCs are almost always tied to Prime, your borrowing cost on that line of credit will also drop.

For this group, the rate cut is exactly what they’ve been waiting for.

The Misunderstood Reality: Fixed Rates Sit on the Sidelines

Here is the most critical piece of information for anyone currently house-hunting or hoping for lower fixed rates:

This rate cut does not directly lead to lower fixed mortgage rates.

If you are in one of these situations, the immediate impact is minimal:

• You have an existing fixed-rate mortgage: Your rate is locked in and will not change.

• You are waiting for 5-year fixed rates to drop significantly: This announcement, on its own, does not guarantee that.

Why is that?

Fixed mortgage rates are not tied to the Bank of Canada's overnight rate. Instead, they are primarily determined by the performance of Government of Canada bond yields, particularly the 5-year bond. Lenders use these yields to price their long-term fixed-rate mortgages.

Bond yields trade based on long-term market expectations for inflation and economic growth. While the BoC’s cut signals a shift in monetary policy, the bond market operates on its own timeline and set of expectations. So, while we may see some positive movement, a sustained drop in fixed rates requires a broader shift in the bond market.

The Bigger Picture: A Shift in Market Psychology

While the mechanical impact on fixed rates may be limited for now, the psychological impact of this cut cannot be overstated.

For months, the market has been defined by a "wait-and-see" approach. This first cut is a powerful signal that the tide of high-interest rates has officially turned. It boosts buyer confidence by providing a clearer picture of the future borrowing landscape. Buyers who were hesitant may now feel empowered to re-enter the market, knowing that the era of rate hikes is likely over.

This can lead to increased market activity, which is a crucial factor for sellers to consider.

Your Next Move: Strategy is Key

Whether you are a first-time buyer, looking to upgrade, or considering selling your property, this turning point makes having a smart strategy more important than ever.

• For Buyers: This is a signal to get your finances in order and get pre-approved. Understanding your mortgage options and the critical difference between fixed and variable - is the first step to making a powerful move in a shifting market.

• For Sellers: Increased buyer confidence can translate into more foot traffic and competitive offers. Positioning your home correctly and pricing it strategically will be essential to capitalize on this new momentum.

• For Homeowners: It’s an excellent time to review your mortgage. Should you consider breaking and locking into a fixed rate? Or, if you have a variable rate, how does this change your financial planning? A mortgage review can provide clarity.

The Bottom Line

The Bank of Canada's rate cut is undoubtedly positive news. It provides immediate relief for variable-rate holders and marks a crucial turning point for the Canadian housing market.

However, the path forward is not one-size-fits-all. Fixed rate seekers will need to keep a close eye on the bond market, while everyone else should view this as a green light to re-engage with their real estate goals with a clear, informed plan.

Navigating the Tri-Cities real estate market requires a trusted partner who understands these economic nuances. If you’re wondering how these changes impact your unique situation, I’m here to provide the clarity and strategy you need. Let’s connect and discuss your next steps.

📞 Tara Kennedy – REALTOR®
📱 236-992-8989
📧 TaraKennedySells@gmail.com
🌐 www.TaraKennedy.ca

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A landmark court decision by the Supreme Court of British Columbia (BCSC) has recognized Aboriginal title and fishing rights for the Cowichan Tribes over a portion of land and waters in Richmond, B.C., raising important questions for homeowners, governments and property rights.

📜 What happened

• On August 7 , 2025, the BCSC issued its decision in Cowichan Tribes v. Canada (Attorney General), 2025 BCSC 1490. MLT Aikins+2JFK Law+2

• The case was brought by the Cowichan Tribes, joined by other First Nations, claiming Aboriginal title over land known historically as “Tl’uqtinus” (a traditional village site on what is now Lulu Island in Richmond) and Aboriginal fishing rights for the south arm of the Fraser River.

• The court found the Cowichan Tribes had established Aboriginal title to roughly 800 acres (approximately 3.2 km²) in the Richmond/Lulu Island area, and recognized Aboriginal right to fish for food in those waters.

• The court held that many of the Crown’s grants of fee-simple title to land (i.e., the federal government, the provincial government and the City of Richmond) in that area were defective and invalid, as they “unjustifiably infringe” the Cowichan Aboriginal title.

• Importantly, the decision directs the Crown (federal and provincial governments) to negotiate with the Cowichan in good faith to resolve the overlapping titles and rights.🏠 What this means for homeowners & private property

• The article you referenced reports that the Mayor of Richmond, Malcolm Brodie, sent letters to homeowners warning that the ruling “could negatively affect title” of some homes, and that the “status and validity” of their ownership might be compromised.

• However — and this is crucial — the court decision did not explicitly order private homeowners to be evicted or automatically surrender their land. The decision dealt primarily with lands held by the Crown and did not directly invalidate all private fee-simple titles.

• That said, there is legal uncertainty: the interplay between Aboriginal title and existing private (fee simple) title is now more complex. Some legal commentary notes that the decision raises questions like “what remains of fee simple title after Aboriginal title is recognized in the same lands?”

• If your property lies in the “Claim Area”-map published by the city (or affected area), you may want to monitor developments, attend city information sessions, or seek legal advice.

🔍 Key legal & policy implications

• Aboriginal title is a uniquely Canadian legal concept: a collective Indigenous right to the land that was not extinguished by colonization and gives more than simple occupancy. (See earlier landmark cases such as Tsilhqot’in Nation v. British Columbia from 2014.)

• The Cowichan decision is considered precedent-setting because it deals with Aboriginal title over lands that include Crown fee-simple grants and possibly private lands — a particularly complex scenario.

• The decision emphasises the duty to negotiate: the provincial government stated it will appeal the ruling, emphasising concern about potential implications for “fee simple private property rights in B.C.”

• For governments, municipalities and property markets, the decision alerts to possible ripple effects in terms of land-use, zoning, mortgages, and investor confidence.

🧭 What to watch going forward

• The appeals process: The provincial government and the City of Richmond have indicated they will appeal the decision, which means legal uncertainty will remain until higher court rulings.

• Negotiations & reconciliation: The Crown, Cowichan Tribes and affected parties will need to negotiate how to reconcile Aboriginal title with existing private and Crown tenure. How that plays out could determine property rights, compensation regimes, development permissions, etc.

• Mapping and identifying affected lands: For homeowners, it will be important to determine whether your property is within the “Claim Area” or land subject to overlapping rights.

• Impact on financing, deeds, mortgages: If a property’s legal title is deemed uncertain, that could in theory affect mortgage eligibility, insurance, and resale value. Watching lender and insurer responses will be important.

• Broader implications for B.C. and Canada: This judgement may influence many other Aboriginal title cases in Canada, especially those overlapping previously settled fee-simple lands or urban/suburban areas.

✅ Bottom Line

While this ruling is historic and may introduce significant legal changes, it’s not a sudden “evict homeowners now” order. For most homeowners, it’s a signal to stay informed and possibly seek counsel, but not immediate cause for panic. The real shifts will happen over time as negotiations, appeals and settlements proceed.

📌 Official Citations & Sources

• “B.C. Supreme Court recognizes Cowichan Aboriginal title in landmark ruling” – ML Tainterins article, Aug 8 2025. MLT Aikins

• “B.C. First Nation wins rights, title along Fraser River in Lower Mainland” – CityNews, Aug 8 2025. CityNews Vancouver

• “B.C. government to appeal historic land claim ruling for 4 First Nations” – Global News, Aug 11 2025. Global News

• “Landmark Decision in Cowichan Tribes Case” – JFK Law summary. JFK Law

• “Uncertainty in dealing with private property rights and Aboriginal title” – Cassels insights. Cassels

• “Claimants of Aboriginal Title Over Private Lands Not Required to Provide Notice” – Lexology. Lexology

#AboriginalTitle #CowichanTribes #RichmondBC #PropertyRights #FirstNations #LandClaim #CanadaLaw #RealEstateBC #IndigenousRights #LegalPrecedent

British Columbia is experiencing a major policy shift when it comes to parking and it is starting to cause real concern.

Not long ago, it was standard for new homes and condos to include one or two parking stalls per unit. Today, both the B.C. government and many municipalities are actively encouraging developers to build with little to no on site parking.

Under new provincial legislation, four-to-six unit buildings can now be built on most single family lots & with no parking requirements. The City of Vancouver has gone even further, eliminating minimum parking rules entirely and leaving the decision up to developers.

This “car-lite” planning approach aims to reduce building costs and carbon emissions, while promoting walking, cycling, and public transit. But it’s raising real world challenges. Families, tradespeople, and small business owners still depend heavily on vehicles, especially in areas where transit options remain limited.

Large scale projects like the Sen̓áḵw development in Kitsilano are setting the tone with 6,000 units planned and only one (1) parking stall for every seven (7) homes. Critics argue that this trend will increase pressure on already crowded streets, hurt local retailers who rely on customer access, and make daily life harder for those who simply can’t live car-free.

Meanwhile, cities are being forced by the province to approve high density housing near transit hubs without the option of requiring on site parking, regardless of community feedback or infrastructure readiness.

Has the NDP government lost sight of the real world impact of its decisions? This growing disconnect between planning policies and the everyday needs of residents is sparking debate: "Are we moving too far, too fast - and at what cost to livability, convenience, and local business?"

#UrbanPlanning #VancouverRealEstate #HousingCrisis #TransportationPolicy #BCHousing #CityDevelopment #Sustainability#MetroVancouver #DevelopmentTrends #HousingPolicy#RealEstateInsights #NDP #NDPGovernment #BCNoParking 

The City of Vancouver is taking a bold new approach to addressing the housing shortage — by becoming a for-profit real estate developer.

City Council is expected to approve the creation of a wholly owned municipal development company that will build and operate market rental housing on six City-owned sites.

This new entity will operate as an independent “government business enterprise,” similar to the Surrey City Development Corporation (SCDC) model.

💰 What’s Planned

The City will sell six development sites worth a combined $412 million to the new company, with the goal of creating approximately 4,000 market rental homes across mixed-use projects.

Key sites include:

• 625–777 Pacific St. (Granville Bridge north end): ~1,000 homes ($144M)

• Burrard/Hornby/900 Pacific St.: ~1,100 homes ($79.3M)

• 1510 Quebec St. & 1405 Main St. (near Science World): ($97.7M)

• 2400 Kingsway (2400 Motel): ~900 homes ($36.4M)

• Granville St. (Marpole): ($36.3M)

• Main St. (Riley Park–Little Mountain): ($17.9M)

The Vancouver Housing Development Office (VHDO) is already advancing rezoning applications for several of these locations.

🎯 Purpose and Benefits

The City aims to deliver more rental housing without increasing its debt load or risking its credit rating.
By operating through a separate company, it can:

• Secure its own financing

• Generate long-term, sustainable revenue

• Return profits to the City through dividends

• Help stabilize taxes and fund future infrastructure

These projects will primarily target working- and middle-income households seeking secure, purpose-built rental options.

🧭 Governance & Funding

• Startup funding: up to $8 million from the City’s Property Endowment Fund (over 5 years)

• Debt cap: $200 million

• Board: nine directors (six independent industry experts + three City representatives)

• The company may partner with private developers, generally maintaining a 50%+ ownership stake in each project.

🔍 Context

Vancouver’s move mirrors similar strategies across the region.

• Surrey’s SCDC pioneered this model in 2007, successfully completing major projects around City Centre.

• TransLink recently launched its own real estate division to redevelop underused transit lands, aiming to boost both housing supply and transit ridership.

💬 Realtor Perspective

This initiative raises important questions for our industry:

• How might this shift affect private development opportunities and land values?

• Could municipal-led for-profit development influence market pricing or competition?

• And most importantly — is this a model other cities will follow?

What are your thoughts?

📎 City of Vancouver: New Strategy for Market Rental Housing on City Land (Official Release)

#VancouverHousing #CityDevelopment #UrbanHousing #RentalHousingVancouver #HousingShortage #VancouverNews #CityPlanning #AffordableHousing #MarketRentals #UrbanPolicy #HousingCrisis #VancouverCityCouncil #GovernmentDevelopment #MunicipalProjects #HousingInnovation #VancouverUrbanism #CivicNews #CityGrowth #SustainableHousing #CommunityDevelopment #VancouverFuture #UrbanPlanningBC #HousingStrategy #LocalGovernment #CityInvestments

The landscape of housing in British Columbia is changing - and it could impact your neighbourhood. With the passing of Bill 44 in November 2023, the province is moving to increase housing supply by allowing small scale multi unit housing (SSMUH) on lots that previously allowed only single-family homes.

If you live in Port Coquitlam, Coquitlam, Port Moody, Maple Ridge, or Pitt Meadows, this is something you’ll want to understand.

What is Bill 44?

Bill 44, formally known as the Housing Statutes (Residential Development) Amendment Act, is a provincial law that requires municipalities to update their zoning bylaws to allow more housing options on existing residential lots.

Previously, most single family lots in Metro Vancouver could only accommodate one home. Now, depending on lot size and proximity to transit, you may be able to build duplexes, triplexes, fourplexes, secondary suites, or laneway houses.

It’s important to note: homeowners are allowed to build more units but are not required to. The law is about increasing supply, not forcing construction.

Key Dates and Implementation

• November 2023 – Bill 44 is passed by the BC Legislature.

• June 30, 2024 – Municipalities are required to update their zoning bylaws to comply.

• December 31, 2025 – Deadline for full implementation in all municipalities, including Maple Ridge and Pitt Meadows.

How the Changes Look Locally

Coquitlam

• Lots ≤ 280 m² → up to 3 units

• Larger lots → up to 4 units

• Lots near frequent transit → up to 6 units (still uncommon in most areas)

Port Coquitlam

• Many single-family zones now allow up to 4 units

• Near frequent bus stops → triplex + secondary suite (up to 6 units)

Port Moody

• Single-family/duplex lots → 3–4 units

• Within 400 m of frequent transit → up to 6 units

Maple Ridge & Pitt Meadows

• Denser infill possible near transit nodes such as Haney Place Exchange

• Municipalities are updating Official Community Plans and zoning bylaws to comply

Why This Matters

Benefits

• More housing supply → more rental and ownership options

• Opportunities for homeowners → build extra suites or laneway homes for income

• Neighborhood-friendly density → “missing middle” homes that fit better than high-rise apartments

Potential Challenges

• Changes to neighborhood character → new housing forms may alter streetscapes

• Infrastructure strain → roads, sewers, parking may need upgrades

• Variability across lots → not all properties qualify, and local design rules still apply

What’s Next?

Homeowners, developers, and neighbours should monitor their municipal zoning updates, as each city may have slightly different rules, timelines, and incentives.

If you’re considering building or investing, understanding the “missing middle” opportunities now can give you a head start.

Final Thoughts

Bill 44 represents a major shift in BC’s approach to housing. By opening single family lots to small scale multi-unit housing, the province hopes to address the housing shortage while keeping communities walkable and diverse.

Whether you see it as a housing revolution or a change to neighborhood character, the impact will be visible in our cities over the next few years.

#BCHousing #Bill44 #Bill44BC #SmallScaleHousing #AffordableLiving #AffordableLivingBC #MetroVancouver #MetroVanHousing #HousingRevolution #HousingRevolutionBC #PortCoquitlam #PortCoquitlamHousing #Coquitlam #CoquitlamLiving #PortMoody #PortMoodyHomes #MapleRidge #MapleRidgeLiving #PittMeadows #PittMeadowsHomes #LanewayHomesBC #GardenSuitesBC #TriplexLiving #TownhomeLivingBC #MultiplexHousing #HousingForAllBC #TransitOrientedDevelopmentBC #HousingPolicyReformBC #AffordableHousingSolutions #CommunityDrivenHousing #SustainableHousingBC

🌾🌿 Long before European settlers arrived, Indigenous peoples across Canada celebrated the fall harvest with feasts, ceremonies, and songs - giving thanks for the abundance of the land and the changing seasons. 🌾🌿

🌊🇨🇦 In 1578, English explorer Martin Frobisher and his crew held what’s considered the first recorded Thanksgiving in Canada. They gathered in what is now Nunavut, giving thanks for surviving a dangerous journey through Arctic waters on their way from England. 🌊🇨🇦

🤎🍂 Over time, Thanksgiving evolved into a day of gratitude, harvest, and togetherness, officially becoming a national holiday in 1879. In 1957, Parliament set the date as the second Monday in October, perfectly timed for Canada’s earlier harvest season. 🤎🍂

🥧🍷 We don’t all celebrate the same way - regional specialties, traditions, and cultural roots make every table unique. Whether it’s pumpkin pie, butter tarts, or a favourite family recipe, it’s the gratitude shared that matters most. 🥧🍷

🕯🍁 Wishing you a Thanksgiving weekend full of warmth, gratitude, and moments that remind you how much there is to be thankful for. 🕯🍁🧡

#HappyThanksgiving #CanadianThanksgiving #ThanksgivingCanada #GratefulHeart #HarvestSeason #FallVibes #GiveThanks #Thankful #CozySeason #AutumnVibes #PumpkinSeason #FallInCanada #Gratitude #CanadaStrong #ThanksgivingWeekend