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Copyright British Columbia Real Estate Association. Reprinted with permission.

The Bank of Canada held its overnight policy rate at 2.25 per cent this morning. In the statement accompanying the decision, the Bank noted that despite significant global uncertainty and volatility, Canada's economy is showing signs of improvement, with growth rebounding in the second quarter and broadening across sectors. The Bank projects growth of just 0.7 per cent this year but expects the economy to expand by 1.8 per cent in both 2027 and 2028. On inflation, the Bank expects CPI to remain elevated in June before gradually easing in the coming months and returning to its 2 per cent target in 2027.

Although the status of the conflict with Iran remains fluid, fears of an oil-price-driven inflation spiral have not materialized. While headline inflation has moved higher, there is little evidence that higher energy costs have been passed through to core inflation in Canada, which remains subdued. As such, there is no need for the Bank to raise rates this year. However, if the Canadian economy continues to regain momentum and core inflation settles near the Bank's 2 per cent target, policymakers may not need to keep the overnight rate at the low end of the neutral range for much longer. In that case, the Bank could begin moving its policy rate back toward 2.75 per cent next year.

That outlook, combined with rising inflation in the United States, which has made a summer rate hike by the Federal Reserve a real possibility, is putting upward pressure on five-year bond yields, which drive fixed mortgage rates in Canada. Consequently, fixed mortgage rates may edge higher heading into the fall.

Copyright British Columbia Real Estate Association. Reprinted with permission.

Demand for all home types in Metro Vancouver* increased to start the summer, with home sales up nearly ten per cent year-over-year in June.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,390 in June 2026, a 9.6 per cent increase from the 2,181 sales recorded in June 2025. This was 12.4 per cent below the 10-year seasonal average (2,728).

“June saw a pattern of broad gains in home sales across all home types relative to the same time last year, which has been a rare occurrence in recent years,” said Andrew Lis, GVR chief economist and vice-president data analytics. “June’s data could be an early sign of a shift in the market. In recent years, sales trends have usually been mixed across home types, which is typical of a sideways trending market. But with all housing types posting gains in June, the data indicate demand may be returning to the market more broadly.”

There were 5,938 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2026. This represents a six per cent decrease compared to the 6,315 properties listed in June 2025. This was 5.9 per cent above the 10-year seasonal average (5,609).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 17,017, a 3.1 per cent decrease compared to June 2025 (17,561). This is 30.2 per cent above the 10-year seasonal average (13,070).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for June 2026 is 14.6 per cent. By property type, the ratio is 12 per cent for detached homes, 17.8 per cent for attached, and 15.5 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“Despite signs that demand is slowly returning to the market, prices haven’t moved much in recent months as the inventory of homes for sale has been big enough to absorb the increased demand,” Lis said. “Prices typically trend upwards when demand rises and inventory declines. With recent data revealing a slower pace of new listings coming to market, standing inventory is no longer climbing, and may be showing early signs of reversing. It’s still too early to call, but if the current pattern of rising demand and slower new listings continues, we may see a sustained downtrend in inventory over the coming months.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,099,100. This represents a 6 per cent decrease over June 2025 and a 0.1 per cent decrease compared to May 2026.

Sales of detached homes in June 2026 reached 747, a 13.7 per cent increase from the 657 detached sales recorded in June 2025. The benchmark price for a detached home is $1,842,900. This represents a 7.1 per cent decrease from June 2025 and a 0.3 per cent decrease compared to May 2026.

Sales of apartment homes reached 1,103 in June 2026, a 6.1 per cent increase compared to the 1,040 sales in June 2025. The benchmark price of an apartment home is $695,200. This represents a 7.1 per cent decrease from June 2025 and a 0.4 per cent decrease compared to May 2026.

Attached home sales in June 2026 totalled 527, a 11.4 per cent increase compared to the 473 sales in June 2025. The benchmark price of a townhouse is $1,046,200. This represents a 5 per cent decrease from June 2025 and a 0.2 per cent decrease compared to May 2026.

Pat Quinn's Restaurant & Bar offers the best in global cuisine using local, fresh ingredients served in a vibrant, contemporary setting. Our service is attentive, warm and unpretentious. Our team is passionate about delivering food and experiences that will keep our guests coming back again and again.

The character of our restaurant revolves around the namesake the legendary Pat Quinn - featuring warm wood tones, intimate booths and iconic patios.

Located in sunny Tsawwassen, our restaurant and patio overlooks the fairways of Tsawwassen Springs Golf Course with panoramic views of the towering North Shore mountains.

The steak, seafood and casual fare offerings are complimented by a masterfully assembled wine and beer list as well as a full bar featuring classic cocktails.

We will never lose sight of where our business came from and what makes it so special. We see ourselves as neighbours - we're not just part of a community that needs a place to eat and drink, but sometimes a place to connect, a helping hand, a space to make memories, build relationships, and come back time and time again.

Over 400 complimentary parking stalls for your convenience.

Our Food
Executive Chef, Shaun Maclean's taste for simply prepared food without pretense is what you’ll find on the menu at Pat Quinn’s Restaurant & Bar.

Locals agree that the privilege of our geographical location puts us at the doorstep of an abundance of locally grown fresh produce, seafood and meats.

Whether it is something light from our bar menu or something more elaborate for a celebratory dinner, Executive Chef and his team have something on the menu for you.

For more information on Pat Quinn’s Restaurant & Bar, click here.

MAIN STAGE SCHEDULE

7:30 PM  54:40

6:00 PM  EMMETT JEROME

5:30 PM  RIDER RECOGNITION AWARDS WITH AARON “ELVIS” WONG

4:30 PM  SPENDO

3:00 PM  HONEYBEAR, THE BAND

2:00 PM  THE EXCHANGE

10:00 AM. PRIME COLLECTIVE DJ’S SPINNING ALL DAY LONG WITH THE SOUNDTRACK FOR YOUR RIDE

Ride orientation announcements will take place at the main stage throughout the day.

For more information on the Barns to Beaches Festival, click here.

10:00 AM - 6:00 PM

Southlands’ Red Barn and Yellow House will host the Barns to Beaches Kids Ride and Fun Zone for the day.

Watch for special guest unicyclists, jugglers, bouncy castles, tricycle races, face painting and more!

For more information on the Barns to Beaches Festival, click here.

As temperatures rise, it’s tempting to rely solely on air conditioning to stay comfortable—but it’s not your only option. Whether you’re trying to cut back on energy costs, reduce your environmental impact, or simply get more out of your cooling system, there are plenty of smart, AC-free ways to keep your home feeling comfortable.

In fact, some of the most effective cooling methods don’t involve air conditioning at all—and even if you do have AC, these tips can help it work more efficiently and keep your home cooler throughout the season.

Optimize your ceiling fan direction

One of the most overlooked ways to cool your home is using your ceiling fan correctly. Many people don’t realize that fans have a switch to change their rotation direction. In the summer, set the fan to spin counterclockwise. This pushes air downward and creates a cooling wind-chill effect.

When colder weather returns, switch the direction clockwise and run it on low to gently circulate warm air trapped near the ceiling.

Keep hot air out

When outdoor temperatures are higher than inside your home, keep windows and doors closed to prevent heat from seeping in. Open them only when the outside air is cooler, typically early in the morning or later at night.

To block out sunlight, close curtains or blinds during the hottest parts of the day. Blackout blinds are especially effective at reducing heat gain. Choose lighter colours like white or beige, which reflect rather than absorb sunlight.

Time your appliance use wisely

Large appliances like ovens, dishwashers, and washing machines produce considerable heat while running. To avoid overheating your home:

• Avoid using the oven during the day. Instead, try a microwave, slow cooker, or head outside and fire up the BBQ.

• Run laundry and dishwashing cycles in the evening when it’s cooler and when many utility companies offer lower off-peak electricity rates.

Upgrade your light bulbs

Still using incandescent light bulbs? Consider switching to LED or CFL bulbs. Incandescent bulbs release about 90% of their energy as heat. LEDs stay cool to the touch and last significantly longer, making them both a heat- and cost-saving upgrade.

Keep interior doors open

Good airflow is key to keeping your home cool. Leave interior doors open, especially if you’re using fans or relying on natural air circulation to move cooler air through your space.

Stay cool while you sleep

Getting a restful night’s sleep during a heatwave can be a challenge. Here are a few tips to keep you comfortable:

• Choose breathable bedding such as cotton sheets, which help wick moisture and promote airflow.

• Open windows at night if the temperature outside is lower than indoors.

• Chill a hot water bottle with cold water and place it at your feet for relief.

• Sleep on the lowest level of your home, since heat rises. A basement couch might be cooler than your upstairs bedroom during peak heat.

Ditch the rugs

Heavy rugs can trap heat. Roll them up and store them during the summer to help floors stay cooler, especially if you have hardwood, tile, or concrete surfaces.

Plant strategically for shade

For a long-term solution, consider planting deciduous trees or installing pergolas or trellises with climbing plants near windows or patios. These natural shade sources can drastically reduce the sun’s impact on your home during summer months.

By making a few small adjustments, you can create a cooler, more comfortable home environment all summer long without relying entirely on air conditioning. You’ll save on energy bills and stay comfortable through even the hottest days.

Written by Michelle McNally, Royal LePage Senior Manager, Research and Communications

ABOUT THE TAPROOM & KITCHEN

We believe that the fabric of culture is held together through genuine social connectivity, often over food and drink. Our Taproom serves as a community hub where the beer is always cold and all of our dishes are always made in-house using the highest quality ingredients available. Our meats are raised locally, ethically, and sustainably, while our produce is also locally sourced and organic wherever possible. Everything from our salsas down to our tortillas are made fresh, from scratch, in-house.

Join us any day of the week to enjoy the freshest beers on tap paired with our handmade tacos, burgers and seasonal tapas.

Check out our current menus below to see what we are serving today. We hope to see you soon!

‌Taproom Location:
4-7355 72nd Street
Delta BC, V4G 1L5

Taproom Hours Of Operation:
11:00 am - 8:00 pm daily
Last call for food 1hr before close (snacks available until close)
Last call for beer 30 mins before close

Taproom Inquiries: kegrentals@fourwindsbrewing.ca

‌Phone: (604) 940-9949

For more information, click here.