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.
Calgary’s latest inflation numbers mark a clear shift back to cost-driven pressures, with the consumer price index, or CPI, rising to 3.3%. That can have ripple effects on commercial real estate.
The emergence of separatist sentiment in Alberta has advanced enough for a referendum to be included on a ballot on Oct. 19 and marks the first significant test of the country's unity in decades, ...
Alberta is gaining traction as a growth market for data centres as operators look beyond Canada’s established hubs, and that's raising some environmental concerns.
MetroVancouver, a federation of the local municipalities making up a vast portion of the greater Vancouver area, has decided to roll back increased development cost charges, or DCCs, it implemented ...
Population growth in the Vancouver region is expected to remain positive in the next decade, albeit at a far more moderate rate. However, cumulative gains are expected to be uneven, with slower ...
After a historic run of population growth in Calgary, Alberta's largest city is expected to return to a more-normalized level of population growth, while still leading the nation. The age composition ...
The Port of Vancouver recently closed out a record-breaking 2025, handling 3.8 million twenty-foot equivalent units or TEUs, a common metric for measuring port cargo.
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 ...