The Vancouver Life Real Estate Podcast

Canada’s housing market is becoming more affordable, but just as buyers are getting some relief, a new set of risks is emerging.

The latest RBC affordability data shows condo affordability nationally has improved all the way back to late-2019 levels, reversing much of the deterioration that followed the pandemic. Toronto and Victoria are now even more affordable th...

Vancouver real estate has entered territory not seen in years. Home prices have fallen back to April 2021 levels, August recorded the third-lowest sales volume in more than two decades, and the presale market has virtually stopped launching new product.

Metro Vancouver recorded just 1,870 sales in August, down 10% from July and 3% year-over-year. Sales were...

Vancouver’s real estate downturn is not just a story about falling prices. Record-low transaction volumes are beginning to reshape the entire housing industry, from developers and presale marketers to mortgage borrowers and the future supply of homes.

Nowhere is the shift more dramatic than Metro Vancouver’s once-dominant presale market. At the peak in 2021...

Canada’s four-year housing slowdown is beginning to produce a consequence that could reshape the market for years to come: the country is building fewer homes at precisely the time long-term supply remains one of its biggest challenges.

New housing starts fell 5% month-over-month and a striking 22% from a year ago. British Columbia’s numbers are even more d...

Canada’s housing market is entering one of its most unusual periods in years. On a national level, affordability has returned to roughly 2021 levels, yet Vancouver home sales remain more than 50% below where they were at the same point that year. The difference may have less to do with affordability and far more to do with confidence.

In 2021, rapidly risin...