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.
While Canada’s overall population declined for the second straight quarter, Alberta continues to stand out as one of the few provinces still adding residents.
Edmonton’s multifamily investment market could be entering a period of adjustment, as rents begin to contract following several years of rapid growth. Recent data point to a shift in market ...
Vancouver’s rental apartment market is clearly in transition, with both vacancy and leasing conditions shifting meaningfully as new supply keeps arriving.
Rental apartment demand in Calgary is entering a new phase. The number of new projects starting construction has slowed significantly from the same time last year — and is expected to decline further ...
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.