The latest CMHC report forecasts that new home construction across Metro Vancouver, especially condos, is set to slow down through 2028. Condo building is projected to reach historic lows, influenced by slower population growth, ongoing economic uncertainty, higher mortgage rates, and weaker income growth. Interestingly, resale activity is expected to bounce back sooner, with prices remaining stable.

For those considering their next move in the Greater Vancouver or Fraser Valley markets, understanding these trends is essential. With over 30 years helping clients navigate shifting market conditions, I’ve seen how important it is to look beyond the headlines and focus on what these changes mean for your unique situation—whether you’re buying, selling, or both. My goal has always been to empower you with the knowledge needed to make confident decisions and avoid the common pitfalls I see every day.

If you have questions about how these shifts might affect your options in neighbourhoods like downtown Vancouver, Burnaby, East Vancouver, or beyond, I’m here to help you make sense of it all so you can achieve your real estate goals.