BCREA Q2 Forecast – Sales Down 2.1%, Prices Down 1.4% in 2026
Bank of Canada Holds Rate at 2.25% – Fourth Straight Pause as Inflation Risks Build
Real Acquires RE/MAX in $880M Deal – 180,000-Agent Global Brokerage Born
A $14.5M Foreclosure Walks Into Shaughnessy
42% of Vancouver Apartment Buildings Have a Gym
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BCREA Q2 Forecast – Sales Down 2.1%, Prices Down 1.4% in 2026
Released April 27, the BC Real Estate Association's Q2 2026 forecast projects MLS residential sales to fall 2.1% to 68,700 units this year, with the average BC home price dipping 1.4% to $939,800. Active listings are sitting at the highest level since 2015, giving buyers their strongest negotiating position in a decade. The recovery has been pushed into 2027, when BCREA expects sales to rebound 14% as buyers come off the sidelines and inventory tightens.
Bank of Canada Holds Rate at 2.25% – Fourth Straight Pause as Inflation Risks Build
On April 29, the Bank of Canada held its policy rate at 2.25% for the fourth consecutive meeting, citing oil price shocks from the Middle East conflict and inflation that's expected to climb to 3% in April before easing back to target in 2027. Variable mortgage and HELOC rates stay put for now, but the accompanying Monetary Policy Report flags that the Bank is split on whether the next move is a cut or a hike — and Governor Macklem made clear they "will not let higher energy prices become persistent inflation."
Real Acquires RE/MAX in $880M Deal – 180,000-Agent Global Brokerage Born
On April 27, The Real Brokerage announced a definitive agreement to acquire RE/MAX Holdings for roughly $880 million, creating a combined entity called Real REMAX Group with over 180,000 agents across 120+ countries. The deal pairs Real's AI-powered platform with one of real estate's most recognized franchise brands, and it closes through a BC court plan of arrangement.
A $14.5M Foreclosure Walks Into Shaughnessy
Court-ordered listings in Metro Vancouver are at their highest level since 2014, and the geography has changed. The 2008 cycle was a Fraser Valley story. This one's hitting Westside Vancouver and West Vancouver harder than the GFC ever did. Exhibit A: a 10,484 square foot Shaughnessy estate currently listed under a court order at $14.5M. That's not a typo. Someone is going to get a hell of a deal.
The other 58% expect you to enjoy the seawall. If you're the kind of buyer who actually uses a treadmill, this matters. Building gyms aren't standard in Vancouver, and the difference between "gym two floors down" and "gym two SkyTrain stops away" is the difference between staying in shape and slowly giving up. Zealty shows building amenities on every listing. Filter for what matters before you sign anything.
Court-ordered sales often trade below market, but they're scattered across the MLS and easy to miss. On Zealty, run your search on list search page, open the filters, and toggle Court Order Sales — every foreclosure listing in your area shows up right in the list. Filter by price, beds, neighbourhood, or property type to narrow down to the deals that fit. No login required, no scraping spreadsheets, no calling agents to ask what's distressed this week.
For the "I want to disappear into the trees but still see the water" buyer. 3,950 sqft of Bowen Island cliffside. Witness protection with a better view.
Hamidreza Etebarian leads the editorial process behind Zealty’s content. He works directly with the team to shape everything from market reports to general real estate guides into clear, reliable, and decision-focused pieces.
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