Paul Richter joined CoStar in early 2021 as Director of Market Analytics focused on Western Canada. With over 20 years in the Canadian real estate data industry, he has overseen commercial real estate research teams nationwide, been at the forefront ...
Paul Richter joined CoStar in early 2021 as Director of Market Analytics focused on Western Canada. With over 20 years in the Canadian real estate data industry, he has overseen commercial real estate research teams nationwide, been at the forefront of real estate data product development and conducted thorough market analysis on a wide range of industries affected by real estate dynamics.
Based in Vancouver, Richter is regularly called upon to provide market commentary on Western Canada real estate trends to clients and the press. His work within the brokerage and appraisal industries, as well as a tech start-up, has provided the opportunity to understand the industry from varied angles.
Housing demand has become a critical operational issue for the Canadian Department of National Defence, commonly known as DND, driven by persistent shortages, aging infrastructure and a broader ...
While sales of multifamily properties across Canada first began to surge coming out of 2023, in most markets, they still lag pre-2023 sales levels. For Edmonton, however, the past two years have ...
Consumer spending in Edmonton increased 4.7% in 2025 from the previous year as total expenditures reached $37.6 billion. One-third of that spending was attributed to motor vehicle and parts dealers.
Commercial property sales increased in Vancouver for the second straight year, reaching more than $6.4 billion invested across the region in 2025, a $700 million increase from 2024.
Retail sales in Calgary reached just under $40 billion in 2025, up a modest 2.7% from 2024. However, vehicle sales in Calgary struggled, slipping 1.8% and acting as a drag on what would have ...
Continued population growth, robust energy production and expanding investment in emerging industries are supporting a cautiously optimistic outlook for Alberta’s economy over the next two years.
As more spending and wage figures become available, it is clear that the primary drivers of the Canadian retail property markets are changing. Consumers, concerned about current and near-term ...
Developers began construction on more than 18,000 rental apartments across Alberta last year, with more than 95% of those units in metropolitan Calgary and Edmonton.
Despite economic uncertainty in recent years, Vancouver’s commercial real estate market is showing signs of cautious optimism. The city’s resilience, lower vacancy rates, and the sale of several ...
Western Canada’s commercial real estate market outlook is brightening as investor confidence strengthens, fueled by resilient leasing across key property sectors. After performance in 2025 surpassed ...
After the third straight year of more than $2.5 billion in investment activity in Edmonton’s commercial real estate market, the industry anticipates increased property sales, leasing and development ...
The Bank of Canada’s decision to hold its policy rate at 2.25% came as no surprise to markets: After signals in October that this level was “about right,” barring major shifts in the outlook, the ...
Edmonton continues to see steady growth in purpose-built rental housing supply and has historically had higher vacancy rates compared to Calgary, Vancouver and Toronto. However, this additional ...
Across British Columbia, sales at drinking establishments have levelled out. And while this isn’t recent news, relative to the balance of the sales in other categories in the food service data ...
A year ago, Calgary’s residential condominium market reached peak pricing. The benchmark apartment price was $351,700, rising above $350,000 for the first time. Since then, prices have come down to ...
Edmonton has long been one of Canada’s most affordable major cities for housing. However, despite its clear affordability, providing renters with an opportunity to become homeowners, several factors ...
Vancouver’s homeownership market is experiencing a rare period of declining home values with benchmark apartment pricing down roughly 4.4% from a year ago to $682,200, the first time it has dropped ...
On the surface, the latest Edmonton jobs report shows strength, but the stubborn unemployment rate amid population growth signals trouble for the labour market.
Roughly 18,000 jobs were added to Vancouver’s metropolitan market over the past year, a 1.1% increase, according to Statistics Canada's latest release published last week.