Every year, Canadians across the country enjoy a long weekend in May known as Victoria Day. But beyond the extra day off and the unofficial kickoff to summer, Victoria Day holds historical significance that’s deeply woven into Canada’s identity.

🌸 What Is Victoria Day?

Victoria Day is a Canadian statutory holiday celebrated in honour of Queen Victoria’s birthday, who was born on May 24, 1819. It’s one of the oldest holidays in Canada that’s not tied to religion. The first official recognition of the day came in 1845, during Queen Victoria’s reign. After her death in 1901, it was declared a legal holiday in Canada.

Since 1952, the holiday has been observed on the Monday before May 25, which means the actual date varies from year to year. In 2025, Victoria Day falls on Monday, May 19.

👑 Why Queen Victoria?

Queen Victoria played a key role in shaping Canada's identity. Under her reign, Canada officially became a self-governing dominion of the British Empire with the passage of the British North America Act in 1867. She was widely respected and beloved by the Canadian people during her lifetime, and her legacy continues to be honored to this day.

Victoria Day not only celebrates her birth but also serves as the official birthday of the reigning Canadian monarch, regardless of their actual date of birth. It's a unique Canadian tradition, as other Commonwealth nations do not observe this particular holiday.

🌞 The Unofficial Start of Summer

Beyond the historical context, Victoria Day marks the unofficial beginning of summer in Canada. Gardens come alive, patios open up, and Canadians everywhere take full advantage of the extra day to enjoy the outdoors. It’s a seasonal shift that brings longer days, warmer weather, and a renewed sense of energy.

While some provinces and territories mark the day differently—or not at all—Victoria Day is widely celebrated in most parts of Canada, including British Columbia.

🇨🇦 Victoria Day in Vancouver

Although Vancouver doesn’t host official public fireworks for Victoria Day like some other cities, the weekend remains a vibrant and meaningful part of the city’s seasonal rhythm. From enjoying extra time with family to taking in the natural beauty of the Lower Mainland, the long weekend offers a moment of pause and appreciation.

📝 Final Thoughts

Victoria Day is more than just a long weekend—it’s a reminder of Canada’s connection to its past and the monarch who helped shape it. Whether you’re relaxing at home, reflecting on history, or simply enjoying the extra day, it’s a meaningful marker in Canada’s cultural calendar.

Happy Victoria Day, Vancouver! 🇨🇦
Let’s celebrate where we’ve come from—and the summer ahead.

#VictoriaDay #QueenVictoria #CanadianHistory #StatHoliday #MayLongWeekend #VancouverBC #StartOfSummer #CanadaTradition #VictoriaDayFacts

During this week’s Clean City Blitz, several instances of illegally dumped large items were discovered in our community. This ongoing issue not only affects the cleanliness and appearance of our neighbourhoods, but it also creates unnecessary environmental and safety hazards.

Fortunately, the City of Port Coquitlam offers a convenient and free solution for properly disposing of unwanted large household items. The Large Item Pick-Up Program is designed to reduce illegal dumping and ensure that bulky items are disposed of responsibly and efficiently.

What is the Large Item Pick-Up Program?

This program allows qualifying households to schedule two free curbside pick-ups per calendar year, with a maximum of three items per pick-up (for a total of six items annually). Items commonly accepted include:

• Mattresses (must be plastic-wrapped)

• Furniture

• Appliances

• Tires

• Exercise equipment

• And more

Please note: only households that receive City waste services and pay a solid waste levy on their property tax bill are eligible. If you're a renter, you can still use the program with your landlord's permission. The property owner must contact the City to authorize participation.

How to Book a Pick-Up

Booking your large item pick-up is easy. Simply follow these steps:

1. Ensure Eligibility
   Confirm that your household qualifies under the program guidelines. Renters must have the property owner's approval in advance.

2. Submit a Request Online
   Fill out the online booking form at portcoquitlam.ca/largeitem. You can schedule up to two pick-ups per year, with a limit of three items per pick-up.

3. Wait for Confirmation
   The City will send you an email within 2-5 business days to confirm your pick-up date. Be sure to check your spam or junk folder if you don’t see the email.

4. Prepare Your Items
   Do not place items curbside until your confirmed pick-up date. Any items left out in advance may be considered illegal dumping and can result in fines. On the day of your appointment, place your items at the curb by 7:00 am.

Please keep in mind that requests submitted in the final two weeks of the calendar year may count toward the following year’s allotment. Also, pick-ups can only be scheduled up to two weeks in advance.

Know Before You Book

Not all items are accepted. Submitting unapproved items or failing to follow the preparation criteria may result in your pick-up being denied. Before scheduling your appointment, review the full list of accepted and unaccepted items on the City’s website to avoid any issues.

Let's Keep Port Coquitlam Clean

By using the Large Item Pick-Up Program, residents can help maintain a clean, safe, and beautiful city for all. Avoid the fines and frustration that come with illegal dumping—take advantage of this free and accessible service instead.

For more information or to book your pick-up, visit: www.portcoquitlam.ca/largeitem

#PortCoquitlam #LargeItemPickup #PoCoProud #CurbsideCleanup #IllegalDumping #WasteSmart #CleanCityBlitz #CommunityCleanup #ResponsibleDisposal #WasteManagement #CityServices #EcoFriendlyLiving #DeclutterResponsibly #BulkyItemDisposal #SustainableLiving #KeepPoCoClean #PublicWorks #UrbanCleanUp #PoCoCleanup #GreenCommunity

Today marks 20 years since you passed away, and I miss you more than words can say. There’s an ache that doesn’t fade, and on days like today, that ache feels louder. Mother’s Day brings a mix of gratitude for the time we had and sorrow for the moments we’ll never share.

I’m thinking of you today and cherishing every memory we shared. The little moments, the laughs, the advice - the way you always knew how to make things better. Even though you’re no longer physically here, your love, strength, and influence are still with me every single day. It’s not always easy, and I often find myself wishing I could hear your voice or feel your hug. But your presence in my heart, your lessons, and your wisdom continue to shape who I am.

But I’m learning to carry you with me, to honour you in how I love my own children, and to keep your spirit alive in the choices I make. I miss you sooo much, and I Will Always Love You.

#MothersDay #InLovingMemory #MissYouMom #ForeverInMyHeart #MomInHeaven #CherishedMemories #GratefulForYou #RememberingMom #LoveAndLoss #20YearsWithoutYou #MomentsInTime #AlwaysWithMe #Heartfelt #FamilyLove #Motherhood #MothersDayLove

The spring real estate market is in full swing, but things are looking a little different this year—and that’s great news for buyers!

According to the latest stats from the Greater Vancouver REALTORS®, home sales in April 2025 dropped nearly 24% compared to April 2024. While that might sound concerning, it’s actually opening up incredible opportunities for buyers in Metro Vancouver, including the Tricities.

Why is this your moment to make a move?

✔️ Inventory is up 30% from this time last year, with over 16,000 homes currently for sale—the highest since 2019
✔️ Borrowing conditions are improving, with rates at their lowest in years
✔️ Home prices have remained steady for several months, giving buyers more time and flexibility

Benchmark Prices – April 2025:

• Detached Homes: $2,021,800 (down 0.7% year-over-year)

• Townhomes: $1,102,300 (down 2.9% year-over-year)

• Apartments: $762,800 (down 2% year-over-year)

Sales-to-active listings ratio is sitting at 13.8% overall—signaling a balanced market and more negotiating power for buyers.

Whether you're a first-time buyer, upsizing, downsizing, or exploring investment options, I'm here to help you navigate it all with clarity and confidence.

Let’s connect and turn this market shift into your opportunity.

Tara Kennedy
REALTOR®, ABR, RENE, SRS
236-992-8989
TaraKennedy.ca
TaraKennedySells@gmail.com

#TricitiesRealEstate #MetroVancouverHomes #CoquitlamRealtor #PortCoquitlamRealEstate #PortMoodyHomes #VancouverRealEstateMarket #HomePrices2025 #SpringHousingUpdate #BuyerOpportunities #RealEstateInsights #MarketShift #RealEstateTrends #RoyalLePageEliteWest #TaraKennedyRealtor #GreaterVancouverRealEstate #InventoryUpdate #DetachedHomesBC #TownhouseMarket #ApartmentPricesBC #BuyingInVancouver

Proud Mom Moment
On June 9th, 2025, my son Jaden will cross the stage and graduate from Simon Fraser University (SFU) with a degree in Biological Sciences — and what a journey it’s been to get here.

Jaden was part of the high school graduating class of June 2020, with his final semester abruptly ending on March 15, 2020, when Alberta schools closed due to the COVID-19 lockdowns. Despite the upheaval and uncertainty, he stayed focused and steady. He began university that fall, which was entirely online, and was advised to take general electives while saving the more rigorous core science courses for when in-person learning resumed.

Then, in August 2021, just before starting another term of online classes, Jaden broke his tibia and fibula in a soccer match while going in for a clean slide tackle. The opposing player’s kick fractured his leg in two places — and yet, he powered through recovery and his second year of university with quiet strength.

In September 2022, he made another courageous leap — moving from our small Alberta community of Ardrossan to British Columbia, leaving behind the only home he’d ever known… and both his Mom and Dad. He moved into SFU dorms with his brother and had to adjust to a new province, a new school system, and a new life. Because of differences in academic recognition, he even had to retake several elective courses. And through it all — he never once complained.

Coming from a high school of 600 students to university classes with 300 students per course, Jaden not only adjusted — he thrived. He took every challenge in stride and built a life here with grace, grit, and quiet determination. He was named to the Dean’s List for his academic excellence.

And now, as he closes this chapter, he’s preparing for the next big one: Jaden is scheduled to write his MCAT in September 2025, with the dream of becoming a Sports Medicine Doctor — a perfect combination of his love for science and sport.

Jaden is intelligent, humble, kind, and one of the most resilient and compassionate humans I’ve ever known. He faces difficulty without drama, leads with heart, and brings integrity into every space he walks into. I am so deeply proud of him — words hardly do it justice. Watching him grow into the man he is today has been one of the greatest joys of my life.

Here’s to new beginnings, big dreams, and a future that’s just getting started.

From My Family to Yours

Life is full of transitions — and watching our children step into the next chapter is one of the most emotional and fulfilling ones of all. Whether it's a cross-country move for school, downsizing after graduation, or planting new roots closer to family, real estate is always about more than properties. It’s about people, purpose, and finding a place to belong.

If you're navigating a new chapter in your own story — I'd be honoured to help you find the right place to call home.

Tara Kennedy
REALTOR®, ABR, RENE, SRS
Phone: 236-992-8989
Website: TaraKennedy.ca
Email: TaraKennedySells@gmail.com

I believe every home has a story — and so does every family. This is ours.
Thanks for letting me share a personal piece of my journey. If you’re navigating your own transition, whether it’s a move for school, family, or fresh beginnings, I’d be honoured to help you find your next place to call home.

The wait is finally over — Lionel Messi is officially en route to Vancouver! 🛫🇨🇦 Inter Miami CF dropped the news with a photo captioned “Next Stop: Vancouver,” and fans are going wild! ⚽🔥

After skipping last year's MLS game at BC Place, Messi is making the trip this time — and with a Concacaf Champions Cup FINAL berth on the line, it's game ON. 🏆🇦🇷

🎟️ With over 54,000 fans expected and tickets long SOLD OUT, this will be the biggest crowd of the season — and maybe the biggest moment in BC Place history.

⭐️ But it’s not just Messi — Vancouver will also face off against legends like Luis Suarez, Jordi Alba, and Sergio Busquets. 💪 This is no ordinary match... it’s a CLASH of football giants.

⚔️ First leg kicks off TOMORROW in Vancouver.
⚔️ Second leg goes down in Miami on April 30.

Who will rise? Who will fall? Let the battle begin.

#MessiInVancouver #WhitecapsFC #BCPlace #InterMiami #CONCACAFChampionsCup #GameDayVibes #SoldOutShowdown #SoccerLegends #VamosWhitecaps #Messi #Vancouver #Soccer ⚽🇨🇦🔥

Transparency, Market Insights, and Smarter Decisions for Buyers and Sellers

Big changes are here! As of April 2025, Greater Vancouver REALTORS® (GVR) are making a major shift in the BC real estate market by introducing sold listings, including pending sales and final sale prices, directly on REALTOR.ca. This exciting new feature is empowering both buyers and sellers with the data they need to navigate a rapidly evolving housing market.

What’s New on REALTOR.ca?
For the first time ever, REALTORS® and potential buyers in Greater Vancouver now have access to a full range of sold data on the popular REALTOR.ca platform. Here’s what you can expect:

• Sold Listings Displayed: View detailed information about past sales, including pending sales.

• Final Sale Prices: These will be available 30 days after the deal closes.

• Real-Time Market Insights: Stay updated on the latest trends and see how your local market is performing.

• “Price Pending” Listings: Listings will display as "Price Pending" until the final sale price is confirmed.

This update brings much-needed transparency to BC’s real estate market, providing buyers and sellers with a clear understanding of property values. It’s all about making smarter, data-driven decisions in a competitive marketplace.

Why This Matters for You
If you’re buying or selling, this move towards transparency is a game-changer. Here's how it benefits you:

• Buyers: Get access to final sale prices and compare them to asking prices—no more guesswork when deciding how much to offer.

• Sellers: Understand what comparable homes are actually selling for, giving you the edge in pricing your property.

• Investors: Gain a deeper understanding of which areas are appreciating, helping you make strategic investments.

Who’s Leading the Charge in Canada?
BC isn’t the first to make this shift. Other provinces have already embraced sold data:

• Nova Scotia: The Nova Scotia Association of REALTORS® (NSAR) pioneered this initiative, offering full transparency to the public.

• Fraser Valley: The Fraser Valley Real Estate Board (FVREB) followed suit, providing valuable data for homebuyers and investors.

• Newfoundland & Labrador: They’ve already introduced open access to housing data, making it easier for everyone to make informed decisions.

Now, Greater Vancouver REALTORS® is joining this growing movement, with even more updates to come in the future.

Stay Ahead in a Competitive Market
With real-time data and full transparency now at your fingertips, you can make the most informed choices in today’s fast-paced real estate environment. Whether you’re buying, selling, or investing, access to sold data is going to change the way you approach your next move.

Ready to take your real estate strategy to the next level?
Explore REALTOR.ca today to check out the latest listings, track market trends, and get the insights you need to make smarter decisions. If you have questions or need expert guidance in navigating these changes, don’t hesitate to reach out!

Want to know how this shift affects your home search or sale strategy? Let’s chat! 🗣️📞

Tara Kennedy
REALTOR®, ABR, RENE, SRS
☎️ 236-992-8989
🌐 TaraKennedy.ca
📧 TaraKennedySells@gmail.com

For more details or to get started, visit:  REALTOR.ca

#SoldListings #REALTORca #GVR #FraserValleyRealEstate #BCRealEstate #MarketTransparency #RealEstateUpdates #HomeBuyingTips #HomeSelling #InvestInBC #SmartRealEstate #RealEstateInsights #PropertyValues #BCHousingMarket #RealEstateNews #YourRealtorTaraKennedy #BCRealtors #RealEstateExperts #HousingData #VancouverRealEstate #CoquitlamRealEstate #PortMoodyHomes #PortCoquitlamRealEstate #GreaterVancouverHomes #TransparentRealEstate #SmartInvesting #BuyAndSellWithConfidence

Easter is a springtime celebration enjoyed by many around the world. It's a time to welcome fresh energy, blooming days, and playful traditions — especially for kids!

Modern Easter fun includes:
🐰 The Easter Bunny – a cheerful character bringing sweet surprises
🥚 Egg hunts – colorful and exciting for all ages
🍬 Chocolate and treats – because who doesn’t love a little sweetness?
🌷 Springtime vibes – soft colors, longer days, and flowers in bloom

At its heart, Easter is a reminder to slow down, connect with loved ones, and make joyful memories together. Whether you're organizing an egg hunt or simply enjoying the sunshine, may your Easter weekend be filled with laughter, love, and light.

#EasterWeekend #SpringJoy #FamilyTraditions #EggHuntFun #MakingMemories #Easter #HappyEaster #TaraKennedy #TaraKennedyRealtor #EasterBunny #Chocolate #Spring 

On April 16, 2025, the Bank of Canada made an important announcement: it will hold its key overnight interest rate at 2.75%, marking a pause after seven consecutive rate reductions. This decision reflects the Bank's cautious approach in the face of persistent global economic uncertainty, especially the ongoing trade tensions with the United States and other external factors affecting Canada’s economy.

Why the Rate Hold?

Governor Tiff Macklem explained that the decision to maintain the rate was driven by the need for stability while global economic risks persist. The primary focus remains on controlling inflation while ensuring the Canadian economy remains resilient. With inflation hovering above the Bank’s target, the decision reflects the Bank’s commitment to its long-term inflation goals while acknowledging the unpredictable external factors.

While the Canadian economy is generally strong, trade uncertainty is a significant risk. The Bank of Canada’s Monetary Policy Report laid out two potential scenarios:

1. Stable Scenario: Inflation remains close to the target of 2%, and trade tensions stabilize without significant disruption to Canada's economy.

2. Trade Disruption Scenario: Prolonged trade conflicts could push Canada into a recession, with inflation temporarily exceeding 3%.

Impact on the Canadian Dollar

Following the announcement, the Canadian Dollar strengthened by 0.6% against the U.S. Dollar. This reaction signals market confidence in the Bank’s decision, even as global trade uncertainties continue to weigh on the economic outlook. A stronger Canadian dollar can be seen as a positive sign for Canadian consumers and businesses alike, especially those involved in international trade.

What’s Next?

The next interest rate decision is scheduled for June 4, 2025. While the Bank remains committed to its inflation target, the evolving global landscape will continue to influence its future decisions. For Canadians, the question of whether we will see further rate changes in the coming months is one that will undoubtedly shape the economic environment. Homeowners, business owners, and those planning to make financial decisions should stay informed as these developments unfold.

Key Takeaways:

• The Bank of Canada has held the interest rate at 2.75%.

• Global trade uncertainty remains a key factor in shaping the Canadian economy.

• Inflation control is still a primary focus for the Bank.

• The Canadian Dollar saw a 0.6% rise following the announcement.

Thinking About Making a Move? Let’s Chat!

If you’re navigating the current market or thinking about buying, selling, or investing in real estate, I’m here to help you make the best decisions. Let's work together to understand how economic factors like interest rates can affect your next move.

✨ Tara Kennedy
🏡 REALTOR®, ABR, RENE, SRS
📞 236-992-8989
🌐 TaraKennedy.ca
📧 TaraKennedySells@gmail.com

#BankofCanada #InterestRates #CanadaEconomy #FinancialNews #EconomicUpdate #Inflation #CanadianDollar #RealEstateNews #InterestRateDecision #TiffMacklem #FinancialPlanning #MortgageRates #CanadaRealEstate #MarketTrends #RealEstateTips #RateHold #Canada2025 #TaraKennedy #TaraKennedyRealtor #RoyalLepageEliteWest #TaraKennedyRealEstate

In a significant update for both renters and landlords, the B.C. provincial government has announced changes to the notice period for no-fault evictions. Effective April 3, 2025, landlords will only be required to provide three months' notice before evicting tenants in cases where the landlord or a close family member intends to occupy the rental unit. This change marks a reduction from the previous notice period of four months.

This shift has been met with mixed reactions from both tenants and landlords, as it aims to balance the protection of tenants' rights while offering more flexibility to landlords in a shifting rental market.

Key Points of the Change:

1. Notice Period Change:
   Landlords now only need to provide three months’ notice, down from the previous four months, for no-fault evictions starting April 3, 2025.

2. Why the Change?
   According to Housing Minister Ravi Kahlon, the adjustment is in response to rising vacancy rates and decreasing rent prices in B.C. The change aims to create a balance that provides landlords with more flexibility while still offering protection to tenants.

3. Impact on Tenants:
   Tenant advocates have expressed concern that reducing the notice period from four months to three could leave renters with less time to find a new home, especially in an already competitive rental market. This could result in more stress and uncertainty for tenants needing to find alternative accommodation.

4. Landlord Perspective:
   Landlord groups have welcomed the change, noting that the previous four-month notice period often deterred landlords from renting out their properties. With the reduced notice period, landlords may feel more encouraged to list their rental units, improving overall rental availability in the province.

What is a No-Fault Eviction?

A no-fault eviction occurs when a landlord asks a tenant to vacate the rental unit not because of any fault or action on the part of the tenant, but because the landlord or a close family member intends to move into the unit. Other situations might include the need for a caretaker or the sale of the property where the new homeowner intends to live in the unit.

Previously, landlords needed to provide two months' notice for such evictions. However, the provincial government increased this notice to four months in July 2024, citing tenant protection measures during a particularly tight rental market. This latest update further reduces the notice period, aiming for a more flexible approach that reflects current market conditions.

Tenant and Landlord Concerns

While many landlords support the changes, some tenant advocacy groups argue that shortening the notice period could harm tenants who are already struggling to secure housing. With vacancy rates still relatively low, renters often face intense competition when looking for new homes.

However, with the increasing rental inventory in certain parts of B.C. and more people looking to rent due to the decrease in homeownership, this update is intended to encourage landlords to list their units, which may alleviate some of the rental pressure.

What Does This Mean for Both Sides?

• For Tenants: While tenants still have three months to secure new housing, this change may shorten the time they have to find suitable accommodations. It’s important for renters to stay proactive and start looking for new rental options as soon as possible if they receive a no-fault eviction notice.

• For Landlords: This change offers landlords the flexibility to reclaim their properties with a slightly shorter notice period, potentially reducing the time it takes to move back into their property or offer it to a family member. Landlords should ensure they understand the new rules around no-fault evictions to avoid legal issues, including making sure they meet all the required conditions.

The Road Ahead

As the rental market continues to evolve in B.C., changes like this one demonstrate the government’s attempt to strike a balance between tenant protections and landlord needs. While this policy shift aims to support both parties, its full impact will likely become clearer as tenants and landlords adjust to the new rules.

For those affected, it’s critical to stay informed and understand your rights and responsibilities as a tenant or landlord under these updated regulations. Whether you’re renting or managing rental properties, keeping up with housing policy changes will help ensure you’re prepared for the future of B.C.’s rental market.

Conclusion

The reduction in the notice period for no-fault evictions to three months is a noteworthy change that affects both renters and landlords in B.C. As of April 3, 2025, the new rules will provide landlords with greater flexibility while attempting to balance tenant protections in response to current market conditions. However, this policy change is also a reminder of the ongoing complexities in B.C.’s rental market, where both renters and landlords must navigate shifting rules and expectations.

Stay informed, know your rights, and be prepared for how these new changes might affect your situation, whether you're a tenant looking for a new home or a landlord managing rental properties.

Source: BC Government News Release – April 3, 2025

#BCHousing #TenantRights #LandlordLife #EvictionNotice #RentalMarketUpdate #BCRealEstate #RentSmart  #BCRealEstate #AffordableHousing #RealEstateNews #PropertyManagement #BCLiving #BritishColumbia #HousingMatters #RentersRights #StayInformed #LandlordRights

The latest numbers are in, and March 2025 brought some unexpected twists to the Metro Vancouver real estate scene. With the lowest March sales since 2019, rising inventory, and benchmark prices showing subtle shifts — this market is quietly evolving.

So, what’s really going on? Let’s break it down.

📉 Sales Slowdown: The Calm Before the Spring Surge?

Residential sales across Metro Vancouver dropped 13.4% compared to March 2024, totaling 2,091 transactions. That’s also a significant 36.8% below the 10-year seasonal average. The big story? Buyers are holding back — at least for now.

"Buyers haven’t seen market conditions this favourable in years… but so far, they haven’t shown up in the numbers we typically see at this time of year,"
— Andrew Lis, Director of Economics & Data Analytics, GVR

🏠 Listings Surge: Inventory Hits a 10-Year High

While buyers may be hesitant, sellers are stepping up. New listings soared 29% year-over-year, with 6,455 homes newly listed in March. The total inventory has ballooned to 14,546 properties — that’s 38% higher than this time last year and the highest inventory level in nearly a decade.

This means more choices for buyers, and more competition for sellers.

📊 Sales-to-Active Listings Ratio: A Balanced Market with Pockets of Heat

The overall sales-to-active listings ratio sits at 14.9%, indicating a balanced market. But when we break it down by property type, we see some interesting trends:

• 🏡 Detached Homes: 10.3% (Buyer’s Market)

• 🏘️ Attached Homes (Townhomes): 21.5% (Sellers’ Market Territory)

• 🏢 Apartments: 16.2% (Balanced)

💡 Historical rule of thumb:

• Below 12% = downward pressure on prices

• Above 20% = upward pressure on prices

The townhome segment is especially noteworthy. With only ~2,200 active listings across the region, the supply is simply not keeping up with demand.

💵 Benchmark Prices: Mostly Holding Steady

Despite lower sales, prices are holding their ground — with subtle monthly increases but some year-over-year softening.

MLS® HPI Benchmark Prices:

• 🏠 Detached: $2,034,400 — ⬆️ 0.8% YoY | ⬆️ 0.4% MoM

• 🏘️ Townhomes: $1,113,100 — ⬇️ 0.8% YoY | ⬆️ 0.2% MoM

• 🏢 Condos: $767,300 — ⬇️ 0.9% YoY | ⬆️ 1.0% MoM

• 🏡 Composite (All Types): $1,190,900 — ⬇️ 0.6% YoY | ⬆️ 0.5% MoM

📈 While prices have softened slightly since last year, monthly increases suggest underlying stability. It’s not a crash — it’s a recalibration.

🔍 What Does This Mean for You?

💼 Buyers:

✅ More inventory = more choice
✅ Lower competition = better negotiating power
✅ Lower mortgage rates = increased affordability
🚨 But... don’t wait too long. Market momentum may build into spring and summer.

🏡 Sellers:

✅ Serious buyers are still active
✅ Townhomes are hot — especially in tight-supply areas
🚨 Be strategic with pricing and presentation to stand out

📈 Investors:

✅ High inventory creates short-term buying opportunities
✅ Watch the sales-to-listings ratio closely for timing entry/exit
✅ Townhomes remain the segment to watch

🌸 Final Thoughts

March 2025 might feel “slow,” but the underlying conditions point to an opportunity-rich market. With more inventory, low mortgage rates, and price stability, this could be a smart time to make a move — whether you're buying, selling, or investing.

If you're wondering how these trends impact your plans, let’s connect! I’m always happy to chat about your real estate goals — no pressure, just honest guidance. 💬

📩 Ready to make your move or need help navigating this market?
Send me a message or book a call — I’ve got your back! 🏡💼

#MetroVancouverRealEstate #VancouverHomes #MarketUpdate #HomeBuyers #SellersMarket #TownhomesForSale #DetachedHomes #CondoLiving #RealEstateTrends #VancouverRealtor #BuySmart #SellSmart #SpringMarket2025 #MLSUpdate

Port Coquitlam experienced a record-breaking year in 2024, approving 779 new housing units — the highest ever for the city. This surge in approvals aligns with B.C.’s new housing legislation, designed to tackle the province’s growing housing crisis. However, despite the impressive numbers, housing starts remain sluggish due to ongoing market uncertainty.

Record Approvals, but Delayed Progress

In 2024, PoCo council approved nearly two-and-a-half times the number of units compared to 2023, when 330 units were greenlit. In 2022, 545 units were approved. Yet, despite this increase, actual construction activity is lagging.

Bruce Irvine, PoCo’s director of planning and development, told the committee of council on March 11 that the city will likely miss its provincial housing targets this year. The slowdown reflects broader trends across B.C., where:

• Housing starts are down 9.2%

• Permit values have dropped 8.3%

• The number of new homes permitted has decreased by 10.8%

The decline is largely due to elevated interest rates, skilled labour shortages, and rising construction costs, which have slowed the momentum despite the record approvals.

Major Development Projects in the Pipeline

While current starts may be slow, several major projects are set to reshape Port Coquitlam’s housing landscape, including:

• PoCo Place Mall: A massive redevelopment with 2,000 residential units spread across six towers.

• 1563 Shaughnessy St.: A townhouse project near ƛ̓éxətəm Regional Park (Colony Farm).

• 2245 McAllister Ave.: Formerly known as The Met, this project will add 22 new units to the existing design.

• New View Society: A partnership with BC Housing to create 74 homes for people with mental illness at 2365 and 2371 Kelly Avenue.

Since July 2023, Bill 44 has driven 23 applications for new duplexes and townhouses, along with six coach house applications, reflecting strong interest in smaller-scale developments.

2025: PoCo’s Busiest Year Yet

Looking ahead, Irvine anticipates 2025 will be the busiest year ever for PoCo’s planning department. The city plans to focus on several key initiatives:

• Official Community Plan (OCP) Update: Phase 1 of the update will help shape the future of PoCo’s growth.

• Amenity Cost Contributions (ACC): Introducing new fees to fund infrastructure and amenities.

• Development Cost Charges (DCC): Expanding charges to accommodate new growth.

• TransLink Business Case: Developing plans to support transportation infrastructure for the growing population.

Federal Support for Housing Acceleration

In February 2024, Port Coquitlam received $10.3 million from the federal government to accelerate its housing efforts. The funding will support faster permit approvals and infrastructure expansion to help meet PoCo’s five-year target of 2,279 new homes.

Conclusion

Port Coquitlam is experiencing a housing surge, with record approvals marking a significant step toward addressing the housing shortage. However, market uncertainty and rising costs are slowing the transition from approvals to actual builds. With major projects on the horizon and additional federal support, PoCo is positioning itself for substantial growth in 2025, making it a city to watch in B.C.’s evolving real estate landscape.

🏡 Interested in learning more about the latest housing developments in Port Coquitlam or exploring real estate opportunities in the area?

📞 Contact Tara Kennedy, Realtor at 236-992-8989
🌐 Visit TaraKennedy.ca for more information.

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