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🔒 Locked In or Left Out? How BC’s Housing Market Is Stalling Because Seniors Can’t or Won’t Downsize

Across British Columbia—especially in the Tri-Cities—there’s a quiet but significant factor shaping our housing crisis: seniors choosing not to downsize. Many are remaining in their long time family homes well into their 70s, 80s, and beyond 👵👴. While their reasons are completely valid, this trend is having ripple effects on housing availability particularly for younger buyers 🏘️🧑‍💼.

Let’s explore what’s driving this trend, why it matters, and what needs to change.


🏘️ Seniors Aren’t Downsizing — The Data Tells the Story

According to the 2016 Canadian census and a 2023 CMHC report, Canadians aged 75+ are the least likely to move. In BC, where roughly 80% of seniors own their homes, this trend is especially impactful. In fact, the “sell rate” among those over 75 has been declining steadily since 1991 📉.

Most are still living in 3 or 4 bedroom homes ~ even after the kids have moved out. Between 2006 and 2021, the number of homes with underutilized bedrooms rose from 26% to 29% nationally. Cities like Coquitlam, Port Moody, and Port Coquitlam continue to show a large percentage of “empty nest” homes with unoccupied space 🛏️➡️📦.


💬 Why Aren’t Seniors Moving?

The stereotype of retirees excited to downsize and travel doesn’t reflect the full picture.

Many seniors are choosing to stay for important reasons:

  • 💔 Emotional attachment to long-time homes

  • 🦽 Mobility or cognitive challenges

  • 💸 High costs of moving: staging, legal fees, movers, and renovations

  • 🏷️ No real financial benefit from selling and buying again

  • 🌿 A lack of senior-friendly homes where they can garden, host family, or age comfortably

Most who do move, do so under stress - following a health crisis or financial hardship and not by choice.


🏢 The Condo Conundrum

Let’s look at the "downsizing" alternatives seniors are offered.

In Metro Vancouver, the average detached home is about 2,000 sq ft. New condos? Just 650–769 sq ft, and often even smaller in newer developments 📏. These micro-units are rarely suitable for older adults.

With little storage, no outdoor space, and layouts built for young professionals—not aging residents—most seniors see these homes as a lifestyle downgrade, not a step forward.

Even financially, downsizing doesn’t always add up. The cost of new condos in walkable Tri-Cities neighbourhoods is often close to the sale price of their family homes, meaning there’s little financial incentive to move.


💰 The Property Transfer Tax (PTT): A Hidden Barrier

BC’s Property Transfer Tax (PTT) is a major obstacle for seniors considering a move:

  • 1% on the first $200,000

  • 2% on the portion between $200,000 and $2 million

  • 3% on the amount over $2 million

That means a senior selling a $1.5M home and purchasing a $1.2M condo could pay $20,000+ in PTT alone, before accounting for legal fees, moving costs, or renovations 💵.

It’s no wonder many ask: Why would I move just to pay more taxes and get less space?


⚠️ BC’s Housing Policy Is Missing the Mark

A recent CTV News report highlights how BC’s government is encouraging seniors to move in order to “make room” for younger families. But this puts undue pressure on older adults to solve the housing crisis—and ignores the root issue: we aren’t building the right kinds of homes.

Here’s where the strategy falls short:

  • 🔹 A lack of truly senior-friendly builds — single-level, accessible, and adaptable

  • 🔹 Minimal options in desirable, connected neighbourhoods (like the Tri-Cities)

  • 🔹 Few multigenerational or mid-sized homes, despite demand for them


🌻 Seniors Still Want a Life — Not Just a Roof

For many older homeowners, life in their current home includes gardening 🌿, having family over 🍽️, and space for grandchildren to visit 🧸. Downsizing to a 600 sq ft condo with no patio or guest room strips away those joys.

Instead of pushing seniors to move, BC should:

✅ Offer PTT relief for those who rightsize
✅ Incentivize developers to build homes that actually meet aging needs
✅ Respect lifestyle and community connections instead of defaulting to "smaller is better"


🧠 Final Thoughts: A Better Approach for Everyone

It may seem counterintuitive, but helping seniors transition on their own terms could be the key to unlocking inventory for families and first-time buyers 🔄🏘️.

We need empathy, policy reform, and housing options that reflect real lives—not just market math.


👋 Thinking of Downsizing or Helping a Loved One Navigate a Move?

I specialize in working with both senior homeowners and first time buyers …. and I’m here to guide you with honesty, care, and practical solutions.

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

Let’s have a conversation about what truly works for you—today and tomorrow. ☀️


#TriCitiesRealEstate #PortCoquitlam #Coquitlam #PortMoody #TaraKennedy #RoyalLePageEliteWest #HomeSweetHome #RightSizeNotDownsize #SeniorLivingSolutions #BCRealEstate #BCPropertyTransferTax #SeniorsHousingCrisis #RealEstate #TaraKennedyRealtor #EmptyNestHomes #HelpingSeniorsMove #AgeInPlaceBC #SmartMovesBC #UnlockHousingInventory #Downsizing 

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🔍 Buyers & Sellers Take Note: Major Updates to BC Real Estate Disclosure Rules You Need to Know

As of July 24, 2025, the BC Financial Services Authority (BCFSA) has released important updates affecting how property information and defects must be disclosed in real estate transactions. Whether you're buying, selling, or advising clients, these changes could impact the way deals are structured, negotiated, and protected from future legal complications.

🧠 Why These Changes Matter

The updates were triggered by a BC Court of Appeal decision in Sewell vs. Abadian, prompting the British Columbia Real Estate Association (BCREA) to revise key disclosure forms. In turn, BCFSA updated its guidelines to promote greater transparency and reduce post-transaction disputes.


📋 What's New in Disclosure?

  1. Revised Property Disclosure Statement (PDS)

    • Licensees are strongly encouraged to have sellers complete this form accurately and in full.

    • It now includes a disclaimer stating that information is accurate as of the date completed and may not reflect current conditions.

    • Blank or incomplete forms can carry risks for sellers and create suspicion among buyers.

  2. NEW: “Property No Disclosure Statement”

    • Gives sellers the option to disclose nothing—but this comes with risks.

    • Buyers should view this as a red flag and conduct additional inspections or due diligence.

  3. NEW: “Realtor’s Disclosure of Material Latent Defects”

    • Replaces the old “Seller’s Disclosure” version.

    • Includes a seller acknowledgement confirming they understand the licensee's disclosure obligations.

    • Authorizes the licensee to disclose material latent defects, even if the seller is unwilling to share information themselves.


👀 What Buyers & Sellers Should Know

🏠 For Sellers:

  • Complete the PDS honestly and fully—it improves your property's credibility and marketability.

  • Avoiding disclosure or choosing the “No Disclosure” form may scare off buyers or expose you to legal claims after closing.

  • Remember: even without a form, you have a common law duty to disclose latent defects.

🔍 For Buyers:

  • A “No Disclosure” form should raise questions. It doesn’t always mean there’s a problem—but it does mean you need to dig deeper.

  • Consider making a completed PDS a condition in your offer.

  • Check with your lender—some may not approve financing if full disclosure isn’t provided.


🤝 What Real Estate Professionals Need to Do

  • Encourage sellers to fully complete the PDS wherever possible.

  • Review the new forms and educate your clients on the implications of using or not using them.

  • Ensure your buyers understand their rights, risks, and what additional steps to take when disclosures are limited.


📌 Final Thoughts

Disclosure is not just a legal box to tick—it’s a key piece of building trust, avoiding disputes, and ensuring a smooth transaction. These changes from BCREA and BCFSA underscore the importance of clear communication and professional guidance in every step of the real estate journey.


🔔 Have questions about how these changes could impact your home sale or purchase? I’m here to help you navigate with confidence. Let’s talk.

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


#BCRealEstate #BCFSA #BCREA #PropertyDisclosure #MaterialLatentDefects #RealEstateUpdate #HomeBuyers #HomeSellers #RealEstateAdvice #RealtorTips #RealEstateRegulations #BCPropertyMarket #RealEstateBC #TransparencyMatters #LegalRiskInRealEstate #TaraKennedyRealtor #TaraKennedy #RoyalLePageEliteWest #PortCoquitlamRealtor #CoquitlamRealtor #PortMoodyRealtor 

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Vancouver’s Market Is Slowing — But the Real Question Is: Why?

Vancouver’s housing market has cooled, but if you’ve been hearing that it’s all because of global “uncertainty,” it might be time to take a second look.

In a recent analysis from Andrew Lis at REBGV, we’re given a deeper — and more data-driven — breakdown of what’s really happening.


📈 What's the Market Saying?

While Toronto is seeing a sharp rise in condo inventory, Vancouver’s increase has been more modest and better balanced across all property types. MOI (Months of Inventory) in Vancouver is up ~35% compared to double in Toronto.

Even more interesting:

  • Vancouver home prices are still up ~1% year-over-year

  • Toronto prices have dropped nearly 2%


🧠 What the Media Thinks Is Causing This

The popular theory? Global uncertainty, interest rate jitters, and trade war fears (yes, Trump again).
But according to Lis — the data doesn’t support that theory.

➡️ BC & Ontario have always been expensive
➡️ Borrowing costs have come down, not up
➡️ Other expensive markets like Alberta are thriving despite the same global environment
➡️ Historically, no strong correlation exists between uncertainty and Vancouver sales dips


🔍 So What’s Really Going On?

Lis turns the question around:
Instead of asking “Why are BC and Ontario slow?”
👉 We should be asking: “Why are so many other markets doing well?”

His analysis challenges assumptions, invites more curiosity, and opens the door for fresh thinking in a complex market.


💬 Final Thought

This slowdown is not business as usual — and it’s not explained by the usual suspects.

As a local REALTOR® staying on top of this evolving story, I’m here to help you navigate what this means for your next move.

📞 Let’s connect if you’re thinking about buying or selling in the Tri-Cities area.


📍Tara Kennedy – REALTOR®
Serving Coquitlam | Port Coquitlam | Port Moody
🔑 Real Advice. Real Results.

🔑 #TaraKennedyRealEstate #YourRealtorInTheTricities #CoquitlamRealEstate #PortMoodyRealtor #PortCoquitlamHomes #VancouverRealEstate #AndrewLis #HousingTrends #RealEstateInsights #TriCitiesRealEstate #HomeBuyingBC #BCRealtor


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🏡 B.C. Introduces New Policy to Help Developers and Accelerate Housing Starts

In an important move to address British Columbia’s ongoing housing supply challenges, the provincial government has announced a major policy change that could help developers access capital more easily and get new projects underway sooner.

On July 2, 2025, Housing Minister Ravi Kahlon shared that starting in January 2026, developers throughout B.C. will be permitted to use on-demand surety bonds instead of traditional irrevocable letters of credit to secure municipal development fees. While this may sound technical, the impact could be substantial especially for smaller and mid-sized builders.

💡 What’s Changing?

Currently, developers must:

  • Pay at least one-third of their municipal development charges when a subdivision or building permit is approved.

  • Pay the remaining balance within two years.

Under the new system:

  • Developers will only need to pay 25% at permit approval.

  • The remaining 75% can be deferred until occupancy or within four years, whichever comes first.

Additionally, the province is expanding the use of surety bonds, which are already being used in municipalities like Vancouver, Burnaby, and Surrey. These bonds act as a financial guarantee but don’t tie up capital the way traditional letters of credit do—allowing developers to reinvest in construction rather than locking funds away.

🏗️ Why This Matters

B.C. is in the midst of a housing affordability crisis, and developers have been facing increasing barriers:

  • Rising material costs due to tariffs

  • Softening presale activity

  • Lower immigration numbers

  • High interest rates

  • Tightening credit markets

  • Fewer rental property investors

These financial pressures have made it difficult for many developers, especially smaller ones, to get projects off the ground. Some have even had to lay off employees or cancel developments entirely due to the inability to secure enough capital.

By easing upfront financial requirements and expanding bond options, the province hopes to:

  • Encourage more housing starts

  • Lower early-stage carrying costs

  • Make projects more viable

  • Support a faster delivery of homes across the province

🗣️ What Industry Leaders Are Saying

Terry Hui, CEO of Concord Pacific, called the announcement a “good initiative” and acknowledged the immense pressure developers are under from all angles. “This policy will help, especially as financing becomes harder to secure,” he said, noting that smaller builders stand to benefit the most.

Anne McMullin, President of the Urban Development Institute, emphasized that requiring full payment of development charges upfront has been increasingly “onerous” and was slowing down new supply. “By shifting payment to occupancy, the provincial government is enabling more projects to move forward,” she said.

🚪 What’s Next?

This policy will officially take effect in January 2026 and applies to all communities in British Columbia. The goal is to unlock stalled or delayed housing projects and improve affordability through increased supply.

As someone deeply engaged in the real estate market, I see this as a positive step forward. The combination of more flexibility and better capital access could play a critical role in getting new homes built—and in helping more people find a place to call home in B.C.


If you’re thinking about buying or selling, or just want to stay informed about local housing policy, I’d love to chat.

✨ Tara Kennedy
🏡 REALTOR®, ABR, RENE, SRS
📞 236-992-8989
🌐 tarakennedy.ca
📍 Serving the Tri-Cities and surrounding areas

#BCHousingPolicy #HousingStarts #BCRealEstateNews #UrbanDevelopment #SuretyBondsExplained #TaraKennedyRealtor #BCRealEstateUpdate #AffordableHousingSolutions #TriCitiesRealEstate #TaraKennedy #RoyalLepageEliteWest #TaraKennedyRealEstate #HomeSweetHome #BCHousing #BCRealEstate #HousingNews #RealEstateUpdate #DevelopmentNews #HomeBuilderSupport #AffordableHousing #VancouverRealEstate #TriCitiesRealEstate #NewHomeDevelopment #MarketUpdate #RealEstateCanada #InvestInRealEstate #PolicyMatters #BCGovernmentUpdate #SmartHousingPolicy #BuildMoreHomes #RealEstateNews #RaviKahlon #SuretyBonds #HousingCrisisSolutions #RealEstateInvestment #PropertyDevelopment

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June 2025 Market Report: Metro Vancouver Real Estate Shows Signs of Stability

After a rocky start to 2025, Metro Vancouver’s real estate market is showing encouraging signs of stabilization. While overall sales activity is still below long-term averages, the gap is narrowing — and that signals a potential shift in momentum.

According to the Greater Vancouver REALTORS® (GVR), a total of 2,181 residential properties were sold across Metro Vancouver in June 2025. This represents a 9.8% decrease year-over-year, but it's a marked improvement over May’s sharper decline. In fact, the year-over-year sales drop in June was half the size of May’s, suggesting the market may be rounding a corner.


📊 Key Market Highlights for June 2025

Sales Activity

  • Total home sales: 2,181

  • Down 9.8% from June 2024 (2,418 sales)

  • 25.8% below the 10-year seasonal average (2,940)

Detached home sales:

  • 657 units sold, down 5.3% YoY

  • Benchmark price: $1,994,500 (↓ 3.2% YoY)

Apartment sales:

  • 1,040 units sold, down 16.5% YoY

  • Benchmark price: $748,400 (↓ 3.2% YoY)

Townhouse sales:

  • 473 units sold, up 3.7% YoY

  • Benchmark price: $1,103,900 (↓ 3.0% YoY)

Inventory Levels

  • 6,315 new listings hit the market in June — a 10.3% increase from June 2024

  • Total active listings: 17,561, up 23.8% YoY

  • Inventory is now 43.7% above the 10-year seasonal average

This increase in inventory offers buyers more selection and negotiating power, while also providing some breathing room for the market overall.


🔍 Sales-to-Active Listings Ratio

The overall sales-to-active listings ratio for June 2025 sits at 12.8%, placing most property types in balanced market territory:

  • Detached: 9.9%

  • Attached: 16.9%

  • Apartments: 13.9%

Historical trends suggest that when this ratio falls below 12% for a sustained period, prices typically come under downward pressure. On the other hand, ratios consistently above 20% often lead to upward price movement. Currently, the data supports a holding pattern, where prices are neither rising nor falling dramatically.


💬 Expert Insight

Andrew Lis, Director of Economics and Data Analytics at GVR, summarized the month’s results this way:

“With over 17,000 homes on the market and mortgage rates down about two per cent since last summer, buyers are enjoying some of the most favourable conditions seen in years.”

Lis also noted that while sales are still underperforming historic norms, the downward trend is easing — potentially setting the stage for a rebound in the second half of the year.


🔑 What This Means for You

For buyers, this is a rare opportunity. Inventory is strong, competition is manageable, and mortgage rates are more attractive than they’ve been in recent memory.

For sellers, pricing strategy is key. While prices have dipped slightly year-over-year, they're holding relatively steady month-over-month. Homes that are well-presented and correctly priced are still selling — especially in the attached segment, where sales have actually increased.

Whether you're buying your first home, upgrading, downsizing, or considering selling, staying informed is essential. Real estate is local, and no two neighbourhoods move at the same pace.


🏡 Let’s Talk About Your Next Move

If you’re curious about what these numbers mean for your specific situation — or you're ready to take the next step — I’d love to help you navigate today’s market with confidence.

✨ Tara Kennedy
🏡 REALTOR®, ABR, RENE, SRS
📞 236-992-8989
🌐 www.tarakennedy.ca


#MetroVancouverRealEstate #June2025MarketUpdate #BCRealEstate #HomePrices #HousingMarketTrends #RealEstateNews #CoquitlamRealtor #VancouverHomes #MLSStats #GVRStats #BalancedMarket #RealEstateExpert #TaraKennedyRealtor #BuyWithConfidence #SellSmart #HomeOwnershipBC

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The History Behind Canada Day

Every July 1st, Canadians from coast to coast to coast gather to celebrate Canada Day, marking the birth of our nation. It’s a day full of fireworks, parades, and backyard BBQs - but behind the festivities lies a rich and meaningful story that defines who we are as Canadians.

On July 1st, 1867, the British North America Act (now called the Constitution Act) came into effect, uniting the colonies of Ontario, Quebec, New Brunswick, and Nova Scotia into a single Dominion within the British Empire—Canada. It was the beginning of Canada’s path to full independence, which would gradually evolve over the following century.

Originally known as Dominion Day, the holiday was renamed Canada Day in 1982, the same year the country formally patriated its constitution and adopted the Canadian Charter of Rights and Freedoms. That move marked the full sovereignty of Canada, symbolizing the maturity of the nation.

A Mosaic of Cultures

Canada is often referred to as a cultural mosaic, and for good reason. Home to over 38 million people, with two official languages (English and French) and countless others spoken by immigrant and Indigenous communities, Canada is a land of diversity, inclusion, and shared values.

Canada Day is a time to celebrate that diversity while also reflecting on our collective journey, including the more difficult chapters of our past. Honouring the resilience and contributions of Indigenous Peoples is an important part of shaping a more truthful and inclusive national identity.

What Makes Canada Unique?

  • 🇨🇦 Natural Beauty: From the Rockies to the Atlantic, and the Prairies to the Arctic, Canada's landscapes are as diverse as its people.

  • 🧡 Universal Healthcare: A point of national pride and a symbol of compassion.

  • 🍁 Global Reputation: Canadians are known for being polite, resilient, and community-minded.

  • 🕊️ Peacekeeping and Diplomacy: Canada has long been a global leader in promoting peace and human rights.

  • 🎓 Education and Innovation: Canada consistently ranks among the top countries for quality of life, education, and innovation.

A Day to Reflect and Reconnect

Whether you’re watching fireworks with loved ones, attending a citizenship ceremony, or simply enjoying the outdoors, Canada Day is about more than celebration … it’s about reflection. It’s a moment to recognize how far we've come, where we are today, and what we want our future to look like.

As we wave the red and white flag on July 1st, let’s carry forward the values of kindness, inclusion, and unity that define our great country.

✨ If you’re new to the Tri-Cities area or looking to make a move, I’d love to help you feel right at home. Whether you're buying or selling, let's connect and make your next move a confident one.

Tara Kennedy
🏡 REALTOR®, ABR, RENE, SRS
📞 236-992-8989
🌐 www.tarakennedy.ca
📍 Serving Coquitlam, Port Coquitlam, Port Moody & surrounding areas


#CanadaDay #July1st #CanadianPride #TrueNorthStrongAndFree #CelebrateCanada #MapleLeafForever #CanadianHistory #OhCanada #ProudToBeCanadian #ILoveMyCountry

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Major Housing Project in Anmore Withdrawn Last Minute — What’s Next for the Village?

A highly anticipated development proposal that would have brought over 1,750 new homes to the quiet village of Anmore has been officially withdrawn—just one hour before its scheduled public hearing.

The project by Icona Properties would have spanned more than 150 acres, introducing duplexes, townhomes, and apartments that could have tripled the local population over time. While some saw it as a necessary evolution to support housing diversity, the vast majority of public feedback focused on serious concerns:

  • Traffic congestion and limited evacuation routes

  • Overstretched infrastructure and schools

  • Environmental degradation and loss of Anmore’s rural charm

  • A lack of reliable public transit access

Some residents did support the plan, citing the need for options beyond single-family homes—especially for downsizing families and young adults who grew up in the area.

Now that the application has been withdrawn, the project is considered off the table. However, Anmore’s future development remains a key topic of interest and conversation.

💬 If you have questions about buying or selling in Anmore or the Tri-Cities—or just want to stay informed—reach out any time!

Tara Kennedy
📧 TaraKennedySells@gmail.com
📱 236-992-8989

#AnmoreRealEstate #TriCitiesHomes #BCRealEstateUpdate #PortMoodyLiving #SmartGrowth #PreserveAnmore #HousingCrisisBC #TaraKennedyRealtor #AnmoreVillage #LocalMarketUpdate #CommunityPlanning #Anmore #IconaProperties

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🌞 First Day of Summer 2025: Why It's Early This Year!

Happy First Day of Summer! ☀️🌸
This year, summer begins on June 20, and you might be wondering — isn't that a little early?

Here’s why:
The summer solstice doesn’t fall on the same date every year. It occurs when the Earth’s North Pole is tilted closest to the Sun, giving us the longest day of the year in terms of daylight hours.

Because our calendar year (365 days) doesn’t perfectly align with Earth’s orbit (365.24 days), leap years and tiny time shifts push the solstice date around between June 20 and 22. In 2025, the exact moment of the solstice happens earlier, landing us with an early start to summer!

✨ What to celebrate today:

  • The most daylight hours of the year

  • The official kick-off to patio season

  • Warm weather, vibrant gardens, and outdoor fun

Whether you’re planning a weekend hike, hitting the beach, or just enjoying a peaceful evening walk — this is your sign to get outside and enjoy it!

#FirstDayOfSummer #SummerSolstice #HelloSummer #SummerStartsNow #LongestDayOfTheYear #PortMoody#LocalLiving #CommunityVibes #CoquitlamLife #PortCoquitlamHomes #TriCitiesEvents #SeasonalTips #RealEstateAndSeasons #TaraKennedy #TricitiesRealtor #TaraKennedyRealEstate 

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🏗 Vancouver Real Estate Under Pressure: Wesgroup & Rennie Announce Layoffs, But Major Projects Proceed

Metro Vancouver’s real estate industry is experiencing growing turbulence. One of its largest players, Wesgroup Properties, has confirmed significant layoffs across nearly every department. CEO Beau Jarvis called it “one of the most difficult days” in the company’s 60-year history.

The root cause: a cost-of-delivery crisis — a dangerous mix of:

  • 📈 Skyrocketing construction & labour costs

  • 💸 High land prices and development fees

  • 📉 Depressed pre-sale demand

  • 🏦 Elevated borrowing costs

  • 🌍 Economic uncertainty post-pandemic

Despite exploring aggressive cost reduction strategies and selling assets to stay liquid, Wesgroup ultimately had to reduce its workforce.

“We exhausted every option. But we’re still standing — and focused on the future,” said Jarvis.

📉 Wesgroup isn’t the only one hit. Rennie, a top Vancouver real estate marketing firm, also announced layoffs this spring — reducing their team by 25%.


✅ Projects Still Moving Forward

Even amid layoffs, Wesgroup continues to push forward with key developments:

🏙 River District (Vancouver) – a massive 130-acre community featuring 10,000 homes
🚇 Inlet District (Port Moody) – 2,600 homes beside Inlet Centre SkyTrain (Phase 1 starts Fall 2025)
🍺 Brewery District (New Westminster) – 1,000 homes + 800K sq ft of commercial/retail space, nearly complete

📊 By the numbers:

  • 49+ active developments

  • 1,700+ homes currently under construction

  • 900+ rental homes in permitting

  • 390,000+ sq ft of commercial space under construction

Jarvis emphasized that the company's foundation is strong, and these layoffs are intended to preserve long-term viability, not signal retreat.


⚠️ What This Means

With multiple developers downsizing and construction starts slowing, even Vancouver City Council is acting — recently approving deferred fee payments (DCLs/CACs) to keep projects from stalling further.

Still, systemic reform is needed to avoid more fallout in BC’s real estate industry.


#Wesgroup #RennieGroup #VancouverRealEstate #InletDistrict #RiverDistrict #BreweryDistrict #PortMoodyRealEstate #MetroVancouverDevelopment #ConstructionBC #AffordableHousingCrisis #YVRPreSales #UrbanDevelopmentBC #RealEstateLayoffs #BCRealEstateTrends #HousingSupplyCrisis #VancouverHousingUpdate

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🏆 Volunteer at the FIFA World Cup 2026™ in Vancouver!

Are you ready to be part of one of the world’s biggest sporting events? ⚽🌍

Vancouver is hosting 7 incredible matches for the FIFA World Cup 2026™, and FIFA is officially recruiting volunteers to help make it all happen!

This is the largest volunteer program in FIFA history, spanning one continent, three countries, and 16 host cities. Vancouver will play a central role — and YOU could be a part of it!

🧡 Why Volunteer?

Volunteers are the heartbeat of every FIFA event. You’ll get a behind-the-scenes experience, meet new people from around the world, and contribute to a historic global tournament.

📋 Here’s What You Need to Know:

  • ✅ Open to anyone aged 18+

  • 🗓️ Recruitment continues through summer and fall 2025

  • 📬 Offers will be sent in Jan–Feb 2026

  • 🎓 Training sessions will run from April to June 2026

  • 🌟 Details are still rolling out, but registration is open NOW

Whether you're a diehard soccer fan or just want to be part of something bigger, this is your moment to shine!

💻 Apply Now:

Click here to register for the FIFA 2026 Volunteer Program

⚽ Let’s bring the world to Vancouver — together! 🇨🇦

#FIFAWorldCup #FIFA26 #Vancouver2026 #VolunteerWithFIFA #SoccerInCanada #FIFAVolunteers #GlobalEvent #FIFA2026Volunteer #BCPlace #TeamVancouver #MakeHistory

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🏡 Metro Vancouver Real Estate Update – May 2025: Buyer Advantage Grows as Inventory Peaks

The Greater Vancouver real estate market continues to evolve, and May 2025 was no exception. According to the Greater Vancouver REALTORS®, we’ve reached the highest inventory levels in 10 years, while sales remain muted — creating a favorable environment for buyers.

📊 Key Stats for May 2025:

  • Total Sales: 2,228 homes (⬇️18.5% from May 2024)

  • New Listings: 6,620 (⬆️3.9% YoY)

  • Active Listings: 17,094 (⬆️25.7% YoY)

  • Benchmark Price (All Properties): $1,177,100 (⬇️2.9% YoY)

  • Sales-to-Active Listings Ratio: 13.4%

    • Detached: 10.2%

    • Attached: 17.4%

    • Apartments: 14.7%

🔎 What Does This Mean?

  • We're firmly in a balanced-to-buyer’s market, especially in the detached sector.

  • Many sellers are adjusting their prices, giving buyers more leverage.

  • Despite a slower-than-usual spring, we may be heading toward a surprisingly active summer market as buyer confidence returns.

This may be the perfect opportunity to explore your options whether you’re buying, selling, or investing. The market is shifting—let’s make it work in your favour.

📲 Ready to talk strategy or curious what your home is worth in today’s market?

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

#MetroVancouverRealEstate #TriCitiesMarketUpdate #HomeBuying2025 #SellerTips #BuyerFriendlyMarket #CoquitlamRealtor #PortMoodyHomes #TaraKennedyRealtor

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🇨🇦 Stanley Cup Final 2025 – Game 1: Oilers vs. Panthers

Tonight marks a monumental moment in Canadian hockey — the Edmonton Oilers face off against the Florida Panthers in Game 1 of the 2025 Stanley Cup Final at Rogers Place in Edmonton. It’s a rematch of last year’s intense seven-game series and another shot for the Oilers to bring the Stanley Cup back to Canadian soil for the first time since 1993. We want the Cup — and the whole country is watching.


🏒 Game 1 Preview

The Florida Panthers return as the defending champions, boasting a disciplined roster and strong playoff experience. With a core led by captain Aleksander Barkov and goaltender Sergei Bobrovsky, they’ve proven they can handle the pressure.

But this isn’t the same Oilers team they faced last year.

Edmonton enters the series red hot. Captain Connor McDavid has been an absolute force, leading the playoffs in points and electrifying fans with every shift. Leon Draisaitl, Zach Hyman, and Evan Bouchard have also delivered standout performances. And let’s not overlook goaltender Stuart Skinner, whose calm presence and timely saves have helped propel the Oilers through a challenging postseason.

Game 1 is more than just a series opener — it’s a statement opportunity for the Oilers on home ice.


🔥 Canadian Stars to Watch

  • Connor McDavid (EDM) – The heartbeat of the Oilers, McDavid has been unstoppable this postseason. His leadership and drive to win are unmatched.

  • Leon Draisaitl (EDM) – Consistently dominant in the playoffs, Draisaitl's offensive firepower is a game-changer.

  • Stuart Skinner (EDM) – The Alberta-born goalie has answered every challenge this spring. A strong performance from Skinner could tilt the series.


🇨🇦 A Nation’s Dream

It’s been over three decades since a Canadian team last lifted Lord Stanley’s Cup. From coast to coast, fans are donning their jerseys, crowding into bars, hosting watch parties, and daring to dream again. Edmonton has become more than a city in this series — it’s the heartbeat of a hockey nation.

As puck drop nears, one thing is clear: Canada is all-in.


📅 What’s Next?

Game 1 takes place tonight in Edmonton. It’s the first step in what promises to be a fast, physical, and emotionally charged series. Win or lose, expect both teams to bring playoff intensity from the first shift to the final whistle.


🗣️ Let’s Go Oilers!

No matter where you are in Canada — from St. John’s to Vancouver — rally behind the blue and orange. Cheer loud, wear your pride, and stay hopeful.

This could be the year.

We want the Cup! 🇨🇦🏆

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