{
  "schemaVersion": 1,
  "kind": "city-market-research-evidence",
  "publication": {
    "id": "city-bc-eeebf51a-3212-49a9-b31c-1e5a6a709230-702053e6bb24",
    "batch": "edition-2026-09-07",
    "publicPath": "/markets/bc/squamish-housing-supply-neighbourhood-planning",
    "sourceArticleSha256": "702053e6bb24fae682e8e84767c7e64d57d1773525522b9f8dafa0c5bc264014",
    "publishedAtUtc": "2026-09-08T05:28:19.244856Z",
    "editorialLanguageCheck": "passed",
    "replacementGate": {
      "decisionSha256": "fcc8aa69d53159836b577ec58fd129d5a17e271f409c806162a550785e1b7db3",
      "postedContentSha256": "eed1bdf2bfee8ee92faeac9a337df13c6e3be3d419914f253d4ecb8b30863820",
      "candidateArticleSha256": "702053e6bb24fae682e8e84767c7e64d57d1773525522b9f8dafa0c5bc264014",
      "substantiveChange": true,
      "reviewer": "GPT-6 Astra, city-gap completion research task",
      "reviewedAtUtc": "2026-09-08T05:28:19.244856Z",
      "rationale": "Four retained versions of one local detached-home market page add a reproducible finding that the posted edition did not contain. Active inventory fell 32.7% while rolling sales changed by one and average days on market rose 65.2%, showing that reduced selection did not produce faster turnover.",
      "changes": [
        {
          "type": "retained-market-history-and-interpretation",
          "description": "The article adds a four-observation local sequence, reproducible calculations, definition limits and a buyer and seller interpretation tied to the August board benchmark.",
          "sourceKeys": [
            "detached-archive",
            "gvr"
          ],
          "claimIds": [
            "archive-sequence",
            "archive-rate",
            "archive-meaning"
          ]
        }
      ]
    }
  },
  "cityId": "eeebf51a-3212-49a9-b31c-1e5a6a709230",
  "city": "Squamish",
  "province": "BC",
  "asOfUtc": "2026-09-07T16:00:00.1724277+00:00",
  "thesis": "Squamish's housing delivery is rapid, but family-sized supply remains limited. Retained detached-market snapshots show that a one-third decline in active listings did not produce faster sales, while townhouses held a relative benchmark advantage.",
  "sources": [
    {
      "key": "gvr",
      "url": "https://members.gvrealtors.ca/news/GVR-Stats-Package-August-2026.pdf",
      "publisher": "Greater Vancouver REALTORS",
      "publicationDate": "2026-09-02",
      "observationPeriod": "August 2026 MLS HPI tables and regional inventory and sales context.",
      "dateNote": "Released September 2, 2026. August MLS HPI tables, PDF pages 3-4. Benchmarks represent typical properties, not average sale prices.",
      "checkedAtUtc": "2026-09-08T05:28:07.652732+00:00",
      "scopes": [
        "local",
        "regional"
      ],
      "recordIds": []
    },
    {
      "key": "crea",
      "url": "https://stats.crea.ca/en-ca/",
      "publisher": "Canadian Real Estate Association",
      "publicationDate": "2026-08-18",
      "observationPeriod": "July 2026 national and provincial resale activity.",
      "dateNote": "Released August 18, 2026. July monthly sales comparison and unadjusted year-over-year comparison; this URL changes with each release.",
      "checkedAtUtc": "2026-09-08T05:28:07.652732+00:00",
      "scopes": [
        "national",
        "provincial"
      ],
      "recordIds": []
    },
    {
      "key": "bcsales",
      "url": "https://www.bcrea.bc.ca/economics/housing-market-activity-uneven-across-bc-regions/",
      "publisher": "British Columbia Real Estate Association",
      "publicationDate": "2026-08-13",
      "observationPeriod": "July 2026 BC market activity compared with July 2025.",
      "dateNote": "Released August 13, 2026. July sales compared with July 2025.",
      "checkedAtUtc": "2026-09-08T05:28:07.652732+00:00",
      "scopes": [
        "provincial"
      ],
      "recordIds": []
    },
    {
      "key": "rates",
      "url": "https://www.bankofcanada.ca/2026/09/fad-press-release-2026-09-02/",
      "publisher": "Bank of Canada",
      "publicationDate": "2026-09-02",
      "observationPeriod": "September 2, 2026 policy-rate decision and financial conditions.",
      "dateNote": "September 2, 2026 decision. Policy rate and economic assessment are dated observations.",
      "checkedAtUtc": "2026-09-08T05:28:07.652732+00:00",
      "scopes": [
        "national"
      ],
      "recordIds": []
    },
    {
      "key": "mortgages",
      "url": "https://www.bankofcanada.ca/wp-content/uploads/2024/11/remarks-2024-11-06.pdf",
      "publisher": "Bank of Canada",
      "publicationDate": "2024-11-06",
      "observationPeriod": "Explanation of lender funding costs and fixed mortgage pricing, used as a mechanism rather than a current rate quote.",
      "dateNote": "November 6, 2024 speech explaining Canadian mortgage pricing. Used for the financing mechanism, not a current rate quote.",
      "checkedAtUtc": "2026-09-08T05:28:07.652732+00:00",
      "scopes": [
        "national"
      ],
      "recordIds": []
    },
    {
      "key": "progress",
      "url": "https://squamish.civicweb.net/FileStorage/AC53CB471F944DEB9F17148029077865-Annual%20Housing%20Update%20-%20Report%20to%20Council.pdf",
      "publisher": "District of Squamish",
      "publicationDate": "2026-03-24",
      "observationPeriod": "Housing delivery from September 1, 2025 through February 28, 2026, including tenure and bedroom tables.",
      "dateNote": "March 24, 2026 council report, attachment 3. Reporting period September 1, 2025 to February 28, 2026. Tables on PDF pages 13-14; bedroom grouping and assumed demolition sizes in footnotes on page 19. Percentages are Aurynge calculations.",
      "checkedAtUtc": "2026-09-08T05:28:07.652732+00:00",
      "scopes": [
        "local"
      ],
      "recordIds": []
    },
    {
      "key": "target",
      "url": "https://squamish.ca/projects-plans-and-initiatives/projects-and-initiatives/housing/housing-target-order/",
      "publisher": "District of Squamish",
      "publicationDate": null,
      "observationPeriod": "First housing-target year began September 1, 2025; the target is separate from delivered-home counts.",
      "dateNote": "First target year began September 1, 2025. Target figures are separate from delivered homes.",
      "checkedAtUtc": "2026-09-08T05:28:07.652732+00:00",
      "scopes": [
        "local",
        "provincial"
      ],
      "recordIds": []
    },
    {
      "key": "estates",
      "url": "https://squamish.ca/projects-plans-and-initiatives/projects-and-initiatives/project/garibaldi-estates-neighbourhood-planning-process/",
      "publisher": "District of Squamish",
      "publicationDate": null,
      "observationPeriod": "Twenty-year Garibaldi Estates planning direction checked September 6, 2026.",
      "dateNote": "Checked September 6, 2026. Describes a twenty-year planning vision.",
      "checkedAtUtc": "2026-09-08T05:28:07.652732+00:00",
      "scopes": [
        "local"
      ],
      "recordIds": []
    },
    {
      "key": "cmhc",
      "url": "https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2026/spring-2026-housing-supply-report",
      "publisher": "Canada Mortgage and Housing Corporation",
      "publicationDate": "2026-03-11",
      "observationPeriod": "2025 national construction results and Vancouver ownership-pipeline context.",
      "dateNote": "Published March 11, 2026; describes 2025 construction. Vancouver findings are regional context, not measured Sea-to-Sky starts.",
      "checkedAtUtc": "2026-09-08T05:28:07.652732+00:00",
      "scopes": [
        "regional",
        "national"
      ],
      "recordIds": []
    },
    {
      "key": "forecast",
      "url": "https://www.bcrea.bc.ca/economics/housing-forecast_/",
      "publisher": "British Columbia Real Estate Association",
      "publicationDate": "2026-08-20",
      "observationPeriod": "Third-quarter 2026 provincial housing forecast through 2027.",
      "dateNote": "Published August 20, 2026. A provincial forecast for 2026-2027, issued before the September 2 Bank of Canada assessment.",
      "checkedAtUtc": "2026-09-08T05:28:07.652732+00:00",
      "scopes": [
        "provincial"
      ],
      "recordIds": []
    },
    {
      "key": "detached-archive",
      "url": "https://www.bccondosandhomes.com/houses/squamish",
      "publisher": "Hani Faraj and Les Twarog, Re/Max Crest Realty",
      "publicationDate": null,
      "observationPeriod": "Rolling 30-day Squamish detached-home snapshots retained June 7, June 30, July 6 and September 3, 2026; the versions overlap and are not additive.",
      "dateNote": "Four retained versions dated June 7, June 30, July 6 and September 3, 2026. Rolling 30-day detached-home statistics from one stable publisher URL. The publisher states that listing data is based in whole or in part on GVR and FVREB data.",
      "checkedAtUtc": "2026-09-08T05:28:07.652732+00:00",
      "scopes": [
        "local"
      ],
      "recordIds": [
        "a9153c9e-1c2b-4330-89aa-2e796cd1003e",
        "810d9ae5-3289-465c-b06b-856459fcad52",
        "79b01f34-7cbc-40cc-bc9d-dd9e8949e4d2",
        "10fbd445-2944-4ebc-ba89-7b1ba3058a79"
      ]
    }
  ],
  "claims": [
    {
      "id": "segment-spread",
      "kind": "calculation",
      "section": 0,
      "paragraph": 0,
      "sources": [
        "gvr"
      ],
      "explanation": "August Squamish benchmarks and annual changes were read from the GVR table; percentage-point spreads are arithmetic differences.",
      "calculation": {
        "formula": "1.8 - (-6.3) = 8.1 points; 1.8 - (-7.5) = 9.3 points; 1.8 - (-4.5) = 6.3 points",
        "inputs": [
          "Squamish and Greater Vancouver August 2026 HPI annual changes"
        ],
        "result": "8.1, 9.3 and 6.3 percentage points"
      }
    },
    {
      "id": "regional-balance",
      "kind": "interpretation",
      "section": 0,
      "paragraph": 1,
      "sources": [
        "gvr"
      ],
      "explanation": "Regional sales and active-listing comparisons are attributed to GVR. Squamish segment results are compared without assigning an unreported cause."
    },
    {
      "id": "national-local-split",
      "kind": "interpretation",
      "section": 0,
      "paragraph": 2,
      "sources": [
        "crea",
        "bcsales",
        "gvr"
      ],
      "explanation": "National, provincial and local statistics cover distinct geographies and periods. Buyer motives remain explicitly unreported."
    },
    {
      "id": "archive-sequence",
      "kind": "observation",
      "section": 1,
      "paragraph": 0,
      "sources": [
        "detached-archive"
      ],
      "explanation": "All four raw versions share one stable URL and retain the reported rolling sales, active listings, absorption and average days on market."
    },
    {
      "id": "archive-rate",
      "kind": "calculation",
      "section": 1,
      "paragraph": 1,
      "sources": [
        "detached-archive"
      ],
      "explanation": "First-to-last changes are calculated from the June 7 and September 3 retained fields. Intermediate captures establish that the listing decline was present by late June and early July.",
      "calculation": {
        "formula": "(74 - 110) / 110 = -32.7%; 8 - 7 = 1 sale; (38 - 23) / 23 = 65.2%; 10.8 - 6.4 = 4.4 points",
        "inputs": [
          "June 7 retained snapshot",
          "September 3 retained snapshot"
        ],
        "result": "active listings -32.7%; sales +1; average days +65.2%; absorption +4.4 points"
      }
    },
    {
      "id": "archive-meaning",
      "kind": "interpretation",
      "section": 1,
      "paragraph": 2,
      "sources": [
        "detached-archive",
        "gvr"
      ],
      "explanation": "The article distinguishes the publisher's overlapping rolling sample from GVR's benchmark series and does not infer why listings left the market."
    },
    {
      "id": "delivery-progress",
      "kind": "calculation",
      "section": 2,
      "paragraph": 0,
      "sources": [
        "progress",
        "target"
      ],
      "explanation": "Net additions equal 160 completions minus seven demolitions. Target progress equals 153 divided by 160 and 153 divided by 1,069.",
      "calculation": {
        "formula": "160 - 7 = 153; 153 / 160 = 95.6%; 153 / 1,069 = 14.3%",
        "inputs": [
          "District completion and demolition table",
          "District target schedule"
        ],
        "result": "153 net; 95.6% of year one; 14.3% of five years"
      }
    },
    {
      "id": "bedroom-mix",
      "kind": "calculation",
      "section": 2,
      "paragraph": 1,
      "sources": [
        "progress"
      ],
      "explanation": "The gross three-plus-bedroom completion count avoids treating the District's assumed demolition allocation as verified bedroom data.",
      "calculation": {
        "formula": "37 / 160 = 23.1%",
        "inputs": [
          "District gross completion count",
          "District grouped three-plus-bedroom count"
        ],
        "result": "23.1%"
      }
    },
    {
      "id": "tenure-limit",
      "kind": "interpretation",
      "section": 2,
      "paragraph": 2,
      "sources": [
        "progress"
      ],
      "explanation": "The report provides separate tenure and bedroom totals but no cross-tabulation, so the article does not combine them."
    },
    {
      "id": "payment-gap",
      "kind": "calculation",
      "section": 3,
      "paragraph": 0,
      "sources": [
        "gvr"
      ],
      "explanation": "Illustrative payment calculation uses the stated 20% down payment, 4% nominal annual rate and 25-year amortization. Taxes and ownership costs are excluded.",
      "calculation": {
        "formula": "$1,592,700 - $1,009,100 = $583,600; 20% cash difference = $116,720; mortgage difference = $466,880",
        "inputs": [
          "August detached benchmark",
          "August townhouse benchmark",
          "stated financing assumptions"
        ],
        "result": "$583,600 price gap and about $2,456 monthly principal-and-interest gap"
      }
    },
    {
      "id": "rate-sensitivity",
      "kind": "calculation",
      "section": 3,
      "paragraph": 1,
      "sources": [
        "gvr"
      ],
      "explanation": "The same amortization assumptions compare a 0.5-point rate change on $800,000 with the benchmark property-type payment gap.",
      "calculation": {
        "formula": "25-year monthly payment at 4.5% minus payment at 4.0% on $800,000",
        "inputs": [
          "$800,000 mortgage",
          "4.0% and 4.5% illustrative rates",
          "25-year amortization"
        ],
        "result": "about $220 per month"
      }
    },
    {
      "id": "finance-mechanism",
      "kind": "interpretation",
      "section": 3,
      "paragraph": 2,
      "sources": [
        "rates",
        "mortgages",
        "gvr"
      ],
      "explanation": "The policy rate, bond-yield mechanism and local segment results are separately sourced. The household substitution idea is labelled a working theory and names buyer-flow data as its test."
    },
    {
      "id": "planning-stage",
      "kind": "interpretation",
      "section": 4,
      "paragraph": 0,
      "sources": [
        "estates"
      ],
      "explanation": "The plan's twenty-year direction is not presented as a near-term unit delivery schedule."
    },
    {
      "id": "pipeline-tenure",
      "kind": "interpretation",
      "section": 4,
      "paragraph": 1,
      "sources": [
        "cmhc",
        "progress"
      ],
      "explanation": "National starts and local completions are kept at their reported stages and geographies. The paragraph does not treat Vancouver presales as measured Squamish presales."
    },
    {
      "id": "pipeline-risk",
      "kind": "interpretation",
      "section": 4,
      "paragraph": 2,
      "sources": [
        "cmhc",
        "progress"
      ],
      "explanation": "This is a named downside pathway rather than an observed local shift. Local presales, starts and milestones are specified as the required evidence."
    },
    {
      "id": "forecast-base",
      "kind": "forecast",
      "section": 5,
      "paragraph": 0,
      "sources": [
        "gvr",
        "progress"
      ],
      "explanation": "The forecast concerns relative annual benchmark performance, not an unconditional price increase, and ties its basis to current segment spreads and measured bedroom mix."
    },
    {
      "id": "forecast-assumptions",
      "kind": "forecast",
      "section": 5,
      "paragraph": 1,
      "sources": [
        "forecast",
        "gvr",
        "rates"
      ],
      "explanation": "Local conditions are explicit assumptions. The provincial transaction forecast supplies wider context without being treated as a Squamish forecast."
    },
    {
      "id": "forecast-test",
      "kind": "forecast",
      "section": 5,
      "paragraph": 2,
      "sources": [
        "gvr",
        "progress"
      ],
      "explanation": "The forecast has observable reversal criteria in three consecutive board reports and family-sized ownership supply."
    }
  ],
  "forecasts": [
    {
      "claimId": "forecast-base",
      "horizon": "2027-09-30",
      "assumptions": [
        "Local employment remains broadly stable",
        "Mortgage costs do not fall sharply enough to expand detached-home budgets",
        "No large increase in completed family-sized ownership homes arrives"
      ],
      "upside": "Townhouses retain a wider relative advantage if detached budgets remain constrained and family-sized completions stay limited.",
      "downside": "A large increase in townhouse listings or family-sized ownership completions could erase the segment advantage.",
      "changeSignals": [
        "Three consecutive GVR segment reports",
        "Unsold townhouse inventory",
        "Completed three-plus-bedroom ownership homes",
        "Local ownership presales and construction starts"
      ],
      "confidence": "moderate",
      "confidenceReason": "Current segment spreads and completion mix are measured, but buyer substitution and future project tenure are not directly observed."
    },
    {
      "claimId": "forecast-assumptions",
      "horizon": "2027-09-30",
      "assumptions": [
        "Local employment remains broadly stable",
        "Mortgage costs do not fall sharply enough to expand detached-home budgets",
        "No large increase in completed family-sized ownership homes arrives"
      ],
      "upside": "Townhouses retain a wider relative advantage if detached budgets remain constrained and family-sized completions stay limited.",
      "downside": "A large increase in townhouse listings or family-sized ownership completions could erase the segment advantage.",
      "changeSignals": [
        "Three consecutive GVR segment reports",
        "Unsold townhouse inventory",
        "Completed three-plus-bedroom ownership homes",
        "Local ownership presales and construction starts"
      ],
      "confidence": "moderate",
      "confidenceReason": "Current segment spreads and completion mix are measured, but buyer substitution and future project tenure are not directly observed."
    },
    {
      "claimId": "forecast-test",
      "horizon": "2027-09-30",
      "assumptions": [
        "Local employment remains broadly stable",
        "Mortgage costs do not fall sharply enough to expand detached-home budgets",
        "No large increase in completed family-sized ownership homes arrives"
      ],
      "upside": "Townhouses retain a wider relative advantage if detached budgets remain constrained and family-sized completions stay limited.",
      "downside": "A large increase in townhouse listings or family-sized ownership completions could erase the segment advantage.",
      "changeSignals": [
        "Three consecutive GVR segment reports",
        "Unsold townhouse inventory",
        "Completed three-plus-bedroom ownership homes",
        "Local ownership presales and construction starts"
      ],
      "confidence": "moderate",
      "confidenceReason": "Current segment spreads and completion mix are measured, but buyer substitution and future project tenure are not directly observed."
    }
  ],
  "causalChains": [
    {
      "claimId": "finance-mechanism",
      "sources": [
        "gvr",
        "progress",
        "rates",
        "mortgages"
      ],
      "mechanism": "Mortgage pricing and a large detached-townhouse payment gap can redirect bedroom-seeking households toward townhouses before those households leave the market entirely.",
      "localExposure": "Squamish's townhouse benchmark was the only major segment with an annual gain, while fewer than one in four recent completions had three or more bedrooms.",
      "timeHorizon": "Current mechanism assessed through September 2027",
      "counterEvidence": "Direct buyer-flow data could show that the segment split reflects a different mix of properties or buyers rather than substitution.",
      "forecastImplication": "Townhouses are expected to retain relative strength while the cost gap and limited family-sized delivery persist."
    },
    {
      "claimId": "archive-meaning",
      "sources": [
        "detached-archive",
        "gvr"
      ],
      "mechanism": "A shrinking active-listing denominator raises the absorption ratio even when sales do not accelerate, so inventory scarcity and buyer urgency can diverge.",
      "localExposure": "Four Squamish detached-home snapshots show active listings falling from 110 to 74 while average days on market rose from 23 to 38.",
      "timeHorizon": "June through September 2026, interpreted alongside the August 2026 benchmark",
      "counterEvidence": "Seasonality, listing mix, or a changed extraction method could contribute; property-level board data would test the pattern.",
      "forecastImplication": "Detached buyers should not infer a faster market from the higher absorption ratio alone, and sellers should monitor marketing time as well as listing counts."
    }
  ],
  "datasetFindings": [
    {
      "reportFile": "analysis.json",
      "reportSha256": "8414078d077c084ef3ed37d0b8ab46e7dcf5d1687bb43ddb1cf3276c6e34ed8e",
      "claimIds": [
        "archive-sequence",
        "archive-rate",
        "archive-meaning"
      ],
      "archiveContribution": "A current page exposes only one rolling snapshot. Retained versions reveal the three-month sequence and keep the latest absorption ratio from being mistaken for evidence of faster sales."
    }
  ],
  "review": {
    "factual": true,
    "editorial": true,
    "reviewer": "GPT-6 Astra, city-gap completion research task",
    "reviewedAtUtc": "2026-09-08T05:28:07.652732+00:00",
    "articleSha256": "702053e6bb24fae682e8e84767c7e64d57d1773525522b9f8dafa0c5bc264014"
  },
  "insightReview": {
    "articleSha256": "702053e6bb24fae682e8e84767c7e64d57d1773525522b9f8dafa0c5bc264014",
    "reviewer": "GPT-6 Astra, city-gap completion research task",
    "reviewedAtUtc": "2026-09-08T05:28:07.652732+00:00",
    "findings": [
      {
        "observationIds": [
          "june-07-sold",
          "june-07-active",
          "june-07-absorption",
          "june-07-dom",
          "june-30-sold",
          "june-30-active",
          "june-30-absorption",
          "june-30-dom",
          "july-06-sold",
          "july-06-active",
          "july-06-absorption",
          "july-06-dom",
          "september-03-sold",
          "september-03-active",
          "september-03-absorption",
          "september-03-dom"
        ],
        "ordinaryInterpretation": "A rise in the reported absorption rate from 6.4% to 10.8% can look like strengthening detached-home demand.",
        "additionalFinding": "Across four captures of the same page, active inventory fell 32.7% while rolling sales changed from seven to eight and average days on market rose 65.2%. The higher ratio occurred with a much smaller listing denominator and slower turnover.",
        "archiveContribution": "A current page exposes only one rolling snapshot. Retained versions reveal the three-month sequence and keep the latest absorption ratio from being mistaken for evidence of faster sales.",
        "localConsequence": "Squamish detached buyers faced less selection, but the retained observations do not support urgency based on faster turnover. Sellers still faced longer average marketing time.",
        "counterEvidence": "Seasonal listing patterns, changes in the mix of homes, or changes in the publisher's extraction method could contribute to the sequence. The archive does not identify listing removals or follow the same homes.",
        "missingLinks": [
          "Property-level identifiers across captures",
          "Reasons active listings left the market",
          "A documented publisher methodology for the rolling calculation",
          "Board-level monthly sales and inventory records for exact reconciliation"
        ],
        "claimIds": [
          "archive-sequence",
          "archive-rate",
          "archive-meaning"
        ]
      }
    ],
    "removedOrDemoted": [
      {
        "claim": "The higher absorption rate proves stronger demand",
        "reason": "Sales changed by only one and average days on market increased."
      },
      {
        "claim": "The archive shows why active inventory fell",
        "reason": "The retained pages have no property-level departure reasons."
      },
      {
        "claim": "The four rolling sales counts can be added",
        "reason": "The 30-day observation windows overlap."
      }
    ]
  },
  "definitionReview": {
    "articleSha256": "702053e6bb24fae682e8e84767c7e64d57d1773525522b9f8dafa0c5bc264014",
    "reviewer": "GPT-6 Astra, city-gap completion research task",
    "reviewedAtUtc": "2026-09-08T05:28:07.652732+00:00",
    "checks": [
      {
        "claimIds": [
          "archive-sequence",
          "archive-rate",
          "archive-meaning"
        ],
        "sources": [
          "detached-archive"
        ],
        "locator": "Four retained THE VERDICT - SQUAMISH HOUSES blocks and the source disclaimer",
        "outcome": "qualified",
        "reason": "Compared one stable URL and identical named fields. Counts are overlapping rolling snapshots, not additive monthly totals, and listing removals are unknown."
      },
      {
        "claimIds": [
          "segment-spread",
          "regional-balance",
          "national-local-split"
        ],
        "sources": [
          "gvr",
          "crea",
          "bcsales"
        ],
        "locator": "August 2026 GVR HPI tables and context; July 2026 CREA and BCREA releases",
        "outcome": "verified",
        "reason": "Kept benchmark values distinct from average prices and separated local, regional, provincial and national geographies."
      },
      {
        "claimIds": [
          "delivery-progress",
          "bedroom-mix",
          "tenure-limit"
        ],
        "sources": [
          "progress",
          "target"
        ],
        "locator": "Squamish report tables and footnotes for completions, demolitions, bedroom grouping and tenure",
        "outcome": "qualified",
        "reason": "Used 37 gross larger-home completions because demolition bedroom sizes were assumed. Did not cross-tabulate tenure and bedroom count."
      },
      {
        "claimIds": [
          "payment-gap",
          "rate-sensitivity",
          "finance-mechanism"
        ],
        "sources": [
          "gvr",
          "rates",
          "mortgages"
        ],
        "locator": "GVR benchmarks, September 2 policy decision and Bank mortgage-pricing explanation",
        "outcome": "qualified",
        "reason": "Payment examples are illustrative assumptions. No lender quote or observed buyer-flow claim is presented."
      },
      {
        "claimIds": [
          "forecast-base",
          "forecast-assumptions",
          "forecast-test"
        ],
        "sources": [
          "gvr",
          "progress",
          "forecast",
          "rates"
        ],
        "locator": "Final forecast section and cited current baselines",
        "outcome": "qualified",
        "reason": "The forecast is relative, conditional, time-bounded and includes explicit reversal tests."
      }
    ]
  },
  "proseReview": {
    "articleSha256": "702053e6bb24fae682e8e84767c7e64d57d1773525522b9f8dafa0c5bc264014",
    "reviewer": "GPT-6 Astra, city-gap completion research task",
    "reviewedAtUtc": "2026-09-08T05:28:07.652732+00:00",
    "notes": "Read the complete article as public analysis. The retained-history section leads with the market implication, avoids internal audit-note language, explains limits in reader terms and uses no first-person voice."
  },
  "gaps": []
}