Mark Sager Is Out. The West Van Condo Buyer Just Lost His Election.
BC Just Turfed Nearly Every Big-City Mayor. ABC Vancouver Collapsed From Supermajority to One Seat.
Three Days to the Provincial Election. Conservatives Lead by 3. Housing Is the Split.
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Mark Sager Is Out. The West Van Condo Buyer Just Lost His Election.
Kirk LaPointe defeated Mark Sager in the West Van mayoral race on Saturday. That is the same Mark Sager who, per Issue 28 Story 1, allegedly tried to buy 23 discounted Westbank condos at Horseshoe Bay and got blocked by QuadReal. LaPointe had already asked publicly why the sitting mayor was acting like a real estate agent. The voters answered.This is a straight sequel to last week's lead. The lender said no in February. The voters said no in October. The Globe investigation surfaced the week before the vote, which almost certainly moved the race.Market impact. West Van policy direction just changed hands in the middle of a $4M-plus luxury segment sitting on 2.3 years of supply (ZONED Issue 26). A LaPointe council scrutinizing developer deals and insider buying changes who gets permits, who gets variances, and how fast distressed inventory moves. The 23 condos at Sanctuary are still unsold. The next buyer will be watched.
BC Just Turfed Nearly Every Big-City Mayor. ABC Vancouver Collapsed From Supermajority to One Seat.
Municipal election day Saturday Oct 17. The map got rewritten:• Vancouver: Pete Fry (Green) won. ABC Vancouver went from supermajority to 1 seat. New council: 5 Green, 4 COPE, 1 OneCity, 1 ABC. Fry pulled about 13,000 more votes than Sim did in 2022.• Surrey: McCallum beat Locke.• West Van: LaPointe beat Sager.• New Westminster: Fontaine beat Johnstone.• Port Moody: Lurbiecki beat Lahti.• Richmond and Coquitlam: new mayors after Brodie and Stewart stepped down.CBC called the theme "change." The Realist is calling it "policy whiplash."Market impact. Every developer with a Vancouver pipeline just inherited new approvers. Sim's ban on net new supportive housing is one of the first dominoes expected to fall. A Green and COPE led Vancouver council historically moves slower on upzoning and faster on tenant protection and inclusionary zoning. Translation: longer approval timelines, higher per unit affordability requirements, and a presale market (already down to 2 launches in August per Issue 26) that just got a new reason to wait.
Three Days to the Provincial Election. Conservatives Lead by 3. Housing Is the Split.
Angus Reid dropped Monday (Oct 15 to 19 field): Conservatives 46, NDP 43, Greens 8. Called a statistical tie. Conservatives peaked at 48 in early October and have been bleeding since.The housing question is where the polling got interesting. Asked what the next government should prioritize:• 39 percent: lower the cost of building and buying through lower taxes and fewer regulations.• 30 percent: discourage speculation and vacant properties through higher taxes on empty homes and unsold condos (this is Eby's unsold condo tax from Issue 26).• 21 percent: expand public affordable housing and strengthen renter protections.Separately: Northern Beat obtained a confidential document showing the NDP agreed to co-develop land-back legislation with First Nations before the snap election was called. Eby did not deny it.Vote is Saturday Oct 24.Market impact. Two completely different market regimes are on the ballot. A Conservative win likely kills the unsold condo tax (Issue 26 Story 1), rolls back the speculation and vacancy tax expansion, and cuts PTT or expands exemptions. A NDP win locks in the tax and adds a layer. Either way, buyers waiting for policy clarity get it in 72 hours. Expect a short term freeze through the weekend and a sharp directional move the week after.
Featured This Month
Zealty's data and analysis showed up in four major outlets in the past two weeks. Financial Post reported on Vancouver listings hitting a 20 year high. CBC News ran a feature on BC homeowners facing pandemic-era mortgage renewal shock. Daily Hive covered the surge in second listings across the city. Yahoo News Canada picked up the renewal story the same day. When national press needs the numbers behind the BC market, they come here first.
Investor's Scoreboard
#220 13760 75a Avenue, Surrey (East Newton).$299,900. 1 bed, 1 bath, 419 sqft, newly built. Open houses Saturday and Sunday.The math at 4.34 percent, 20 percent down, 25 year amortization: $59,980 down, $1,307 P and I, $226 strata, $80 tax. All in carry $1,613. OfferRent® $1,700. Cash flow plus $87 a month. Year one principal paydown $5,468. Cash on cash 10.9 percent.When Metro’s apartment benchmark is $682,500 and fixed sits at 4.34 percent, the only condos that still cash flow are the smallest, newest, and cheapest. This is one of them.
Hot Foreclosure of the WeekA four year old custom build with a grand primary suite, spa ensuite, spice kitchen, radiant in floor heating, central A/C, EV charger, and a landscaped backyard with a gazebo.The twist that makes it interesting: two self contained legal suites inside, one 1 bedroom and one 2 bedroom. That is a mortgage helper stack most Brookswood homes don’t come with, let alone a court ordered one.The seller tried three times before the court took over. June 2025: Listed at $2,799,990. Terminated three months later. September 2025: Relisted at $2,499,000. Expired in three days. July 2026: Relisted at $2,199,900. Cut to $2,150,000. Cut again on October 9 to $2,099,900. Now sitting at $2,049,900 under court order.That is $750,090 off the original ask over sixteen months. Two agents, three listings, and the court before it sold.The 2026 assessed value is $2,363,000. The asking price is $313,100 below assessment.Brookswood doesn’t give up a 2021 build with two suites often. It almost never gives one up after a seller has already lost the price fight.
Buying a Multiplex Unit in Vancouver: What to Check First
Vancouver multiplexes put three to six strata homes on a former single-family lot. Here is what you own, what the small strata changes, and the tax rules for a new unit.
Hamidreza Etebarian - October 21, 2026
A multiplex unit in Vancouver is a strata-titled home in a new building of three to six units, built on a residential lot that used to hold one house. Townhouses, the MLS category where these units usually appear, have a median asking price of $1,539,500 across 998 active
Zoom in on the map and look at the pins. The ones with a word before the price are telling you something. New means the listing hit the market in the last 24 hours, counted from the exact listing time, not the calendar day. After 24 hours the label drops off. Open means the listing has an open house scheduled for today or any day after. Once that date passes, the label goes away too. If a listing qualifies for both, you see Open, because that is the one you can actually show up to. Try it on a Saturday morning. The Open pins become your tour map for the day.
The $18M Point Grey Home Built with Bricks from a Chocolate Factory• A Howard Airey custom build on Point Grey Road, Vancouver’s most expensive street and one of the only addresses in the city where English Bay is your front yard. The water is right there. The North Shore mountains sit above it. The sunsets land in your living room.• The exterior is weathered brick, every piece reclaimed from a decommissioned Pennsylvania chocolate factory, shipped across the continent and laid by hand. The architectural brief was a London rowhouse dropped onto Kits Beach, and that is exactly what Airey delivered.• Inside: fir beam ceilings. A hand cast, faux concrete wall in the living room. Open concept main floor built around a chef’s kitchen. Rooftop terrace with its own outdoor kitchen and fireplace, where the water view opens up fully. The garage has a car turntable.• Three bedrooms, three bathrooms, 2,574 sqft. Point Grey Road.• The 2026 assessed value is $12,439,000. The ask is 44.7 percent above assessment. $80,097 a year in property tax. 43 days on market.• Not every house in Vancouver has a story. This one has English Bay out the window, reclaimed brick from a torn down chocolate factory, a London architect’s dream brief, and a turntable in the garage so you never back out the wrong way.
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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