B.C. developers proceed cautiously as rental market softens - Business in Vancouver

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Lachlan Wolfers, national leader at KPMG Law, Canada, joins BNN Bloomberg to discuss what businesses want ahead of the Federal Budget 2026. As Canada’s business leaders await the release of the 2026 federal budget, a majority say they’re optimistic about Prime Minister Mark Carney’s economic and fiscal plans as long as they lead to “concrete action,” research suggests. On Thursday, KPMG released the results of a recent poll that found 71 per cent of business leaders are expecting a “business-friendly budget that improves their prospects” from the federal Liberals this fall. Although Canada’s economic outlook is clouded by trade tensions with the U. S., the need for lawmakers to put forward a plan that mitigates that uncertainty is partly why leaders are so bullish on the budget, argues Lachlan Wolfers, national leader at KPMG Law Canada. “I’d say the optimism is born out of current economic conditions, which are obviously fragile, but people are cautiously optimistic in the government trying to ensure policy settings encourage further business innovation and investment along the way,” he said.

'This move into medium-density multiplexes could be a game changer for a market like North Bay, where demand is high, but the supply side is quite constrained' Royal Homes, based in Wingham, Ontario, has completed the manufacturing and installation of 32,000 square feet of new rental housing in North Bay in just three months.