The Vancouver Life Real Estate Podcast

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, more than 19,000 new condos sold. By 2025, sales had fallen below 3,000, and 2026 year-to-date sales are now under 500. The collapse...

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 rising prices gave buyers confidence that purchasing a home was relatively safe because waiting could mean paying significantly more. Today, ...

Toronto has become the epicentre of Canada’s real estate downturn, offering a potentially important preview of what could be coming next for Vancouver. After years of rapid appreciation, aggressive investor activity and unprecedented condominium construction, the GTA is now navigating falling prices, elevated inventory, development failures and a dramatic shift in buyer psychology. Toronto Realtor Tom Storey returns for a boots-on-the-ground assessment of one of Canada’s most closely watche...