The Lower Lows Keep Coming for Vancouver Real Estate

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...