Why Now is a Smart Time to Build in Metro Vancouver
It’s November 2025 and the past six months have been relatively flat when it comes to construction costs in our experience. Trades are hungry, lumber is steady, and quotes from earlier this year are holding.
It’s a good time to build.
If you’re considering building a new home, laneway, or small multi-unit/multiplex in Metro Vancouver, there are several current market advantages that are worth taking seriously:
Demand+ Long Term Value
· Despite less product coming up from south of the border, Canadian manufacturing along with imports from Asia, Europe and elsewhere has filled the need with much to offer today’s luxury home.
· Housing demand in Metro Vancouver remains high, with a clear need for a variety of housing types and sizes, including smaller scale duplexes, triplexes, and multiplexes, and the industry is catching up.
Jurisdictions are (…wait for it) …actually getting faster at approvals
· We’ve been cautiously optimistic about this for some time, but we can now officially call it a pattern. Our permit drawings are getting reviewed faster than the start of 2025.
· According to BC permit data, Metro Vancouver and BC continue to see meaningful levels of construction and building-permit issuance, which shows a functioning, responsive construction ecosystem.
Improving Financing Conditions
· We’ve seen steady and reduced Bank of Canada rates, easing financial pressure and improving lending conditions for construction loans and mortgages.
Attractive Energy-Efficient Rebates Continue on Offer
· Provincial and utility-backed programs, such as Clean BC and Better Homes BC and others continue to offer incentives for high-performance upgrades such as heat pumps,insulation, better windows, and more.
Construction Cost Increases are Moderating
· Residential construction cost growth has recently slowed. While Vancouver’s labour and material market remains competitive, the rate of the increase is less volatile than 2021-2023.
· It’s November 2025 and the past six months have been relatively flat when it comes to construction costs in our experience. Trades are hungry, lumber is steady, and quotes from earlier this year are holding.
Design-Build Alignment = Less Risk, More Control
· Our Design-Build process means fewer handoffs, more coordination, and a clear path from concept to completion.
If you’re thinking about building but wondering about timing; we are currently seeing a favourable intersection of construction costs, planning opportunities, permit activity, and financial incentives - all wrapped in a design-build process that puts you first.
We’d love to hear your vision and see how we can be of service.
Book your free consultation here!
