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BCREA Canadian Housing Starts - March 2026

Canadian housing starts decreased 6 per cent from the previous month, totaling 235,852 units in March at a seasonally adjusted annual rate (SAAR). Starts were up 10 per cent from the same month last year (SAAR).  In areas with 10,000 or more residents, single-detached housing starts decreased by 9 per cent year-over-year, while multi-family and other starts increased by 14 per cent compared to March 2025. 

In areas of British Columbia with 10,000 or more residents, starts were down by about 6.3 per cent from last March to 30,430 units (SAAR). In these urban areas, single-detached starts increased by 7 per cent, while multi-family starts fell by 8 per cent year-over-year
. In 2026, year-over-year starts are up by 39 per cent in Vancouver, 13 per cent in Victoria, and 3 per cent in Kelowna, but down by 90 per cent in Abbotsford, 22 per cent in Nanaimo.


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For more information, please contact:  

Brendon Ogmundson
Chief Economist
Direct: 604.742.2796
Mobile: 604.505.6793

Copyright British Columbia Real Estate Association. Reprinted with permission.

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Spring Cleaning 101: Freshen Up, Reduce Allergies

As winter comes to an end, your home is likely holding onto months of dust, allergens, and buildup from closed windows and constant heating. A thorough spring indoor cleaning not only makes your space feel fresh again but also helps improve air quality and overall comfort. Focusing on high-impact areas can make a noticeable difference.

Clean Windows and Window Treatments for a Brighter Home

Natural light instantly transforms a space, but dirty windows and dusty treatments can take away from that effect. Start by cleaning your interior windows, then move on to wiping down frames, tracks, and sills where grime tends to collect. Curtains and drapes often trap dust and odours, so laundering or dry-cleaning them can significantly freshen a room. Don’t forget to dust or vacuum blinds to remove built-up debris and restore brightness.

Improve Air Quality by Cleaning HVAC Vents

Your HVAC system circulates air throughout your home every day, which means dirty vents can spread dust and allergens from room to room. Vacuuming and wiping down vents is a simple but effective step. Replacing air filters can further improve airflow and system efficiency. For households dealing with allergies or asthma, professional duct cleaning may help reduce deeper buildup like dust mites and mould.

Remove Built-Up Dirt from Walls and Furniture

Walls and furniture surfaces collect more than you might notice at first glance. Over time, fingerprints, grease, and small marks can dull the appearance of your home. Wiping down walls with a gentle cleaner can quickly refresh high-traffic areas. Use a small brush or cloth to get into corners, baseboards, and detailed trim. Spot-clean furniture and check hidden areas where dust and dirt tend to accumulate.

Deep Clean Carpets and Upholstery for a Healthier Space

Carpets and upholstery act like filters, trapping dust, dirt, and allergens throughout the winter months. Regular vacuuming is essential, but spring is the perfect time to go deeper. Sweep corners and edges where “dust bunnies” collect, and mop any exposed hard flooring. Treat stains carefully using tested cleaning products, and consider renting a carpet cleaner to shampoo and sanitize deeper layers, removing trapped moisture and buildup.

Don’t Forget Ceiling Fans and Overhead Surfaces

Ceiling fans are often overlooked, but they can collect a thick layer of dust that spreads throughout the room when turned on. Before using them for the warmer months, wipe down each blade thoroughly. This simple step helps prevent redistributing dust and allergens you’ve just worked to remove, keeping your home cleaner for longer.

Quick Spring Cleaning Wins

  • Brighten rooms by cleaning windows, sills, and treatments

  • Reduce allergens by vacuuming vents and replacing filters

  • Refresh surfaces by wiping walls, trim, and furniture

  • Eliminate deep dirt with carpet and upholstery cleaning

  • Prevent dust spread by cleaning ceiling fans before use

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

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Can I afford a cottage?

For many Canadians, owning a cottage remains a defining lifestyle goal. It represents a dedicated space to unwind, reconnect, and enjoy time by the water, where weekends feel longer and daily routines fade into the background.

That aspiration is gaining renewed momentum. With cross-border travel becoming less appealing for some and interest rates holding steady, more buyers are shifting their attention toward domestic recreational properties.

According to the Royal LePage 2026 Spring Recreational Property Report,1 40% of recreational property experts reported that the ‘Buy Canadian’ movement has led to an increase in inquiries from domestic buyers of recreational real estate in their area. Similarly, 13% of experts reported an increase in inter-provincial buyers in their region compared to the same time last year; 54% reported approximately the same amount compared to a year ago. 

This sustained interest is supporting price growth across many markets. According to Royal LePage, the median price2 of a single-family home in Canada’s recreational regions is forecast to increase 4.0% in 2026 to $604,552, compared to 2025.

With demand holding firm and more Canadians exploring local options, the opportunity to enter the cottage market is worth a closer look.

Start with a clear purpose

Before beginning your search, it is important to define how the property will fit into your lifestyle. This decision will influence everything from location to budget and property type.

Some common use cases include:

  • A seasonal family retreat for summer use

  • A hybrid living arrangement that supports remote work

  • A long-term investment with income potential

If you are already a homeowner, reviewing the equity in your primary residence can also help clarify what is financially achievable. In many cases, that equity can be leveraged to support a second property purchase.

Waterfront comes at a premium

Water access continues to be one of the most significant factors influencing price in recreational markets. True waterfront properties often command a substantial premium. However, properties located a short distance from the water can offer a similar lifestyle at a more accessible price point.

This distinction can create meaningful opportunities:

  • Greater purchasing power within your budget

  • Access to larger or more updated homes

  • Potential for long-term appreciation in emerging areas

Ultimately, the decision comes down to how essential direct water access is to your overall vision.

Exploring ways to offset costs

Many buyers are taking a more strategic approach to ownership by incorporating income-generating options.

Flexible approaches include:

  • Co-ownership with family members or trusted partners

  • Seasonal rentals during high-demand periods

  • A combination of personal use and short-term leasing

In high-demand recreational regions, rental activity can be particularly strong during peak seasons. That said, it is important to understand and comply with local short-term rental regulations before making a purchase decision.

Location flexibility can pay off

Location flexibility remains one of the most effective ways to improve affordability.

Highly sought-after cottage destinations often come with premium pricing. By extending your search to less established areas or properties slightly farther from major urban centres, buyers can often find comparable experiences at a lower cost.

Cottage ownership may seem ambitious at first, but current market conditions suggest it is still within reach for a wide range of buyers. Stable borrowing costs, sustained domestic demand, and creative approaches to ownership are all contributing to increased accessibility.

Want to know more about prices of recreational real estate near you? Check out the Royal LePage 2026 Spring Recreational Property Report for more information.

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

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Home Sales Remain Slow Amidst Very Challenging Economic Environment

Vancouver, BC – April 15, 2026. The British Columbia Real Estate Association (BCREA) reports that 5,766 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in March 2026, down 3.6 per cent from March 2025. The average MLS®residential price in BC in March 2026 was down 2 per cent at $939,846 compared to $959,236 in March 2025.

Total MLS® residential sales dollar volume was $4.21 billion, down 5.6 per cent from the same time the previous year. BC MLS® unit sales were 34.53 per cent lower than the ten-year average for the month of March.

“Global conflict leading to rising mortgage rates paired with a sluggish economy are presenting a challenge for a housing market recovery,” said BCREA Chief Economist Brendon Ogmundson. “Improved affordability and pent-up demand should translate to an acceleration of activity, though the market will need a period of relative calm for households to build confidence.”

Year-to-date, BC residential sales dollar volume is down 13 per cent to $12.7 billion, compared with the same period in 2025. Residential unit sales are down 11 per cent year-over-year at 13,595 units, while the average MLS® residential price is also down 2.2 per cent to $933,859.

Full report can be viewed here.

Copyright British Columbia Real Estate Association. Reprinted with permission.

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Open House. Open House on Saturday, April 11, 2026 2:00PM - 4:00PM

Please visit our Open House at 13766 North Bluff Road in White Rock. See details here

Open House on Saturday, April 11, 2026 2:00PM - 4:00PM

This gorgeous newer home in desirable White Rock showcases thoughtful design & exceptional use of space. The open-concept main level features bright, white kitchen & spice kitchen, along w spacious great room that flows onto a generous balcony—perfect for entertaining or relaxing. 4 bdrms, each w its own ensuite bathrm & private balcony access, 3 bdrms are located upstairs, while one is conveniently situated on the main floor—ideal for guests or multi-generational living. Also media room w full bathroom, this could enlarge the suite or use for the main house. A self-contained 2-bedroom suite w a private backyard entrance offers spacious living—perfect for rental income, inlaws, or extended family. A massive 1,048 sq ft rooftop deck--for sunshine & outdoor living. Bonus: 3 car garage.

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Buyers and sellers adopting a wait-and-see approach to housing market

Home sales registered on the MLS® in Metro Vancouver continue evolving at a pace similar to last year, with the sales down roughly three per cent from last March. 

 

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,032 in March 2026, a 2.8 per cent decrease from the 2,091 sales recorded in March 2025. This was 31.8 per cent below the 10-year seasonal average (2,981). 

 

“Year-to-date, sales are tracking our forecast for the year closely, and the weakness in demand we continue to observe at the aggregate level is unsurprising,” said Andrew Lis, GVR chief economist and vice-president data analytics. “What’s interesting is that the aggregate total masks an emerging divergence among market segments. While the multifamily segment continues to see slower sales, the detached segment may be awakening with sales up, and new listings down from last year.” 

 

There were 5,792 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2026. This represents a 10.3 per cent decrease compared to the 6,455 properties listed in March 2025. This was 4.9 per cent above the 10-year seasonal average (5,521). 

 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,774, a 1.6 per cent increase compared to March 2025 (14,546). This is 38 per cent above the 10-year seasonal average (10,704). 

 

Across all detached, attached and apartment property types, the sales-to-active listings ratio for March 2026 is 14.2 per cent. By property type, the ratio is 11 per cent for detached homes, 17.2 per cent for attached, and 15.7 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. 

 

“We continue to see fewer sellers stepping into the market than last year, which is keeping inventory levels relatively flat. Pairing this dynamic with sales remaining below long-term averages, we’re not seeing prices move significantly in either direction,” Lis said. “And while the political uncertainty over tariffs may have diminished relative to what we saw in early 2025, the conflict in the middle east is now putting upward pressure on bond yields and fixed mortgage rates. 

 

“As a result, it’s reasonable to expect there may be a dampening effect on demand as we head into the spring market, absent a swift resolution to the conflict.” 

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,104,300. This represents a 6.8 per cent decrease over March 2025 and a 0.4 per cent increase compared to February 2026. 

 

Sales of detached homes in March 2026 reached 571, an 8.3 per cent increase from the 527 detached sales recorded in March 2025. The benchmark price for a detached home is $1,854,800. This represents an 8.2 per cent decrease from March 2025 and a 1 per cent increase compared to February 2026. 

 

Sales of apartment homes reached 999 in March 2026, a 7.8 per cent decrease compared to the 1,084 sales in March 2025. The benchmark price of an apartment home is $706,700. This represents a 7.8 per cent decrease from March 2025 and a 0.2 per cent decrease compared to February 2026. 

 

Attached home sales in March 2026 totalled 446, a 5.5 per cent decrease compared to the 472 sales in March 2025. The benchmark price of a townhouse is $1,047,100. This represents a 5.7 per cent decrease from March 2025 and a 0.1 per cent increase compared to February 2026.

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BCREA Mortgage Forecast - March 26, 2026

Please click here to read BCREA’s latest Mortgage Forecast.  

Highlights:

  • Canadian fixed mortgage rates face upward pressure as geopolitical instability sends oil soaring.

  • Tariffs and the Iran conflict are driving growth and inflation concerns.

  • The Bank of Canada is walking a tight rope of double-sided risks.

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New property listed in Tsawwassen North, Tsawwassen

I have listed a new property at 4999 Cedar Springs Drive in Delta. See details here

This beautifully designed 3-bedroom, 2.5-bath rancher offers 1,494 sq. ft. of comfortable single-level living in one of Tsawwassen’s most desirable communities. The open-concept layout features a spacious kitchen, dining, and living area with raised ceilings and a cozy gas fireplace—perfect for both everyday living and entertaining. The primary bedroom offers a peaceful retreat with a walk-in closet and private ensuite. Thoughtful upgrades continue throughout the home, including a built-in vacuum and surround sound speakers creating a seamless and elevated living experience. Step outside to enjoy effortless outdoor living on the covered patio, complete with a gas fire pit—perfect for year-round use. The low-maintenance turf adds a lush, green touch while keeping upkeep stress-free.

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Open House. Open House on Sunday, March 29, 2026 1:00PM - 3:00PM

Please visit our Open House at 4999 Cedar Springs Drive in Delta. See details here

Open House on Sunday, March 29, 2026 1:00PM - 3:00PM

This beautifully designed 3-bedroom, 2.5-bath rancher offers 1,494 sq. ft. of comfortable single-level living in one of Tsawwassen’s most desirable communities. The open-concept layout features a spacious kitchen, dining, and living area with raised ceilings and a cozy gas fireplace—perfect for both everyday living and entertaining. The primary bedroom offers a peaceful retreat with a walk-in closet and private ensuite. Thoughtful upgrades continue throughout the home, including a built-in vacuum and surround sound speakers creating a seamless and elevated living experience. Step outside to enjoy effortless outdoor living on the covered patio, complete with a gas fire pit—perfect for year-round use. The low-maintenance turf adds a lush, green touch while keeping upkeep stress-free.

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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.