All in Forecast

Metro Vancouver housing supply crisis is likely getting much worse.

The housing supply problem is bad, it’s real, and will likely get worse.

We’ve all heard people in Vancouver who blame lack of supply for housing unaffordability. Many will have heard the opposing “Supply Myth” argument. We believe that the supply problem is real and could be worse than any of us imagined.

By 2021 Metro Vancouver housing stock will be short by 52,000 homes!

Vancouver Market Update - August

It’s official. Both House and Condo apartment prices in Metro Vancouver dropped in July. RBC Economics says they now believe that the mortgage stress tests will have larger, longer-lasting dampening effect on home sales than we previously thought.

All levels of government have targeted a “soft landing” but will people lose interest in buying real estate if it only appreciates by 1-3% annually? Will the realization that the party is over lead investors to the exits?

Real Estate Market Update – The Tipping Point?

Over the past ten years there have been many government interventions intended to cool the housing market. It appears we may have hit a tipping point. The market has stalled and is either about to provide a “soft” or a “hard” landing which will deliver much needed affordability.   Alternatively, this may be a breather before prices continue their upward march.

Proof the Metro Vancouver housing supply problem is REAL and could get worse.

The housing supply problem is real and could get worse.

We’ve all heard people in Vancouver who blame lack of supply for housing unaffordability. Many will have heard the opposing “Supply Myth” argument. Our analysis at Mortgage Sandbox shows that the supply problem is real and could be worse than any of us imagined.

We need to settle this once and for all, so that government can act quickly to solve our housing crisis.