No one put a gun to the buyers or the developers heads and said you have to build and purchase a condo that no one can afford to live in or even if they could ,choose not to because of poor design. Greed and hubris are the culprits for this mess not government policy. For capitalism to work stupid investors and developers must be eviscerated on occasion.
So... Sit tight, monitor closely, and get in on the bottom ?
There's a boffo new "livable community" on the books near me with nine towers on the drawing board. No ground broken, even the display suite isn't built yet, but the anchor tenant chi chi restaurant/lounge is pulling lots of customers in. Right by a major Skytrain hub in the suburbs. I wonder if the developers are cooling their jets until the market picks up.
The February 2026 report from rentals.ca says that asking rents are down 8.7% in Vancouver (metro area, I believe) since a year ago. Good news for renters, bad news for investors. https://rentals.ca/national-rent-report
You're welcome! What's happening in the GTA and Metro Vancouver appears to be a combination of (a) a rising wave of completions from projects launched in 2021 and 2022, and (b) weaker demand due to the immigration cuts and the economic uncertainty from Trump's trade war. If we get past the rolling crisis in the US, we may see a surge in demand (e.g. younger people wanting their own place) even with no change in immigration.
No one put a gun to the buyers or the developers heads and said you have to build and purchase a condo that no one can afford to live in or even if they could ,choose not to because of poor design. Greed and hubris are the culprits for this mess not government policy. For capitalism to work stupid investors and developers must be eviscerated on occasion.
“Houston, we have a problem.” No. “Canada, we have a big problem.”
So... Sit tight, monitor closely, and get in on the bottom ?
There's a boffo new "livable community" on the books near me with nine towers on the drawing board. No ground broken, even the display suite isn't built yet, but the anchor tenant chi chi restaurant/lounge is pulling lots of customers in. Right by a major Skytrain hub in the suburbs. I wonder if the developers are cooling their jets until the market picks up.
That was a very interesting summary and well written. What are rents doing in Vancouver at this point?
The February 2026 report from rentals.ca says that asking rents are down 8.7% in Vancouver (metro area, I believe) since a year ago. Good news for renters, bad news for investors. https://rentals.ca/national-rent-report
Thank you, that was very interesting.
You're welcome! What's happening in the GTA and Metro Vancouver appears to be a combination of (a) a rising wave of completions from projects launched in 2021 and 2022, and (b) weaker demand due to the immigration cuts and the economic uncertainty from Trump's trade war. If we get past the rolling crisis in the US, we may see a surge in demand (e.g. younger people wanting their own place) even with no change in immigration.
Investors will return one day, just don’t know what day.