Longridge Real Estate

05/28/2026

05/16/2026

Happy Friday from Nico Wynd Golf course !! We await Elvis 😁🎶🤩

04/27/2026

The British Columbia Real Estate Association (BCREA) released its 2026 Second Quarter Housing Forecast today.
Multiple Listing Service® (MLS®) residential sales in BC are forecast to fall 2.1 per cent to 68,700 units this year. In 2027, MLS® residential sales are forecast to move higher, rising 7.7 per cent to 74,000 units.
“The housing market continues to be challenged by persistent global headwinds and a struggling economy,” said BCREA Chief Economist Brendon Ogmundson. “However, improved affordability in many markets combined with several years of pent-up demand creates conditions for a rebound, though households will likely need a prolonged period of stability to re-enter the market.”
With active listings at their highest level since 2015, and additional pressure from elevated new-home inventory, we anticipate the average price in BC will fall by 1.4 per cent in 2026 to $939,800, down from $952,930 in 2025. This decrease largely reflects disproportionate weakness in more expensive markets in the Lower Mainland, casting downward pressure on the broader provincial average price.

04/09/2026

Slowest year for commercial transactions since 2009
Despite pockets of resilience in a few asset classes throughout the year, commercial transactions were down eight per cent overall in 2025, relative to the 2024 total.

The Greater Vancouver REALTORS® (GVR) reports that commercial real estate transactions in the region totaled 1,335 in 2025, an 8.3 per cent decrease from the 1,456 sales recorded in 2024.

The total dollar volume of commercial transactions in the Lower Mainland for 2025 was $7.466 billion, a 23.2 per cent decrease from $9.723 billion in 2024.

“Our 2025 forecast had not anticipated any significant gains for commercial transactions overall, and the 2025 data shows that economic headwinds continued to challenge the commercial market,” said Andrew Lis, GVR chief economist and vice-president data analytics. “Considering that numerous uncertainty-inducing events transpired globally throughout 2025, this decline in overall transaction volumes is relatively modest when placed in context, and it’s worth noting a few asset classes saw increased transaction volumes relative to the previous year.”

03/26/2026

BCREA Mortgage Rate 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.

03/17/2026

Happy St Patrick’s day ! 🍀🍻🥳

02/11/2026

2026 Kicks Off With Weak Sales Activity February 11, 2026. The British Columbia Real Estate Association (BCREA) reports that 3,314 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in January 2026, down 22.9 per cent from January 2025. The average MLS® residential price in BC in January 2026 was down 1.9 per cent at $924,239 compared to $942,384 in January 2025.

Total MLS® residential sales dollar volume was $3.06 billion, down 24.4 per cent from the same time the previous year. BC MLS® unit sales were 30.97 per cent lower than the ten-year average for the month of January.

“British Columbia’s housing market kicked off 2026 with its second weakest January since 2016, with sales in almost every region falling short of historical averages,” said BCREA Chief Economist Brendon Ogmundson. “Despite a slow start, we expect stable rates and improved affordability conditions to release pent-up demand with sales picking up over the course of 2026.”

Active listings in January 2026 climbed to 32,626 units, a 5.6 per cent increase from the same month last year. Weak sales activity over the past several quarters have led to an accumulation of inventory, which should accommodate demand pressures in the short term. However, dampening sentiments concerning new home construction in BC leave the housing market vulnerable to long-term demand growth, a pattern which will be monitored over the next few years.

01/31/2026

Walking the Rambla on a Saturday night with my love 🤩🌴

01/28/2026

BC Housing Market Poised for a Modest Rebound in 2026
BCREA 2026 First Quarter Housing Forecast Update
Vancouver, BC – January 28, 2026. The British Columbia Real Estate Association (BCREA) released its 2026 First Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in BC are forecast to rise 12 per cent to 78,690 units this year. In 2027, MLS® residential sales are forecast to move higher, rising 4.8 per cent to 82,450 units.

“Despite some resilience against global uncertainty, both the economy and housing market struggled through 2025,” said BCREA Chief Economist Brendon Ogmundson. “However, with mortgage rates expected to remain steady and significant pent-up demand following over two years of below-average activity, we expect demand to steadily come off the sidelines to strengthen home sales this year.”

With inventory running near its highest level in over a decade – just over 40,000 homes for sale across the province – price growth should be tempered as markets are expected to remain balanced in 2026. We anticipate the average price in BC will rise roughly three per cent in 2026 to $982,800, up from $953,314 in 2025. This increase will largely reflect composition effects, as the sales recovery in higher-priced markets in the Lower Mainland catches up to the rest of the province.

12/06/2025

¡Feliz cumpleaños a mi amor, María José! 😍 La chica más linda del mundo 🌍