Vancouver Real Estate Podcast VREP #500 | Can Vancouver Recover from the Worst Market this Century with Ryan Berlin And Brendon Ogmundson
Jan 23, 2026
Ryan Berlin, Rennie’s chief economist focused on new and pre‑construction markets, and Brendon Ogmundson, BCREA’s provincial market analyst, unpack Vancouver’s deepest sales slump this century. They probe unsold concrete towers, rental oversupply amid falling immigration, shifting investor calculus, construction pressures, and where buyers might find value as the market searches a new identity.
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Woodframe Projects Are More Resilient
- Wood-frame low-rise projects remain viable because they target end-users, not investors.
- That makes them more resilient while concrete high-rise presales stall without investor demand.
Affordability Shifts Demand To Fraser Valley
- Fraser Valley is becoming more attractive due to better affordability and young demographics.
- Areas like Surrey have a much younger population primed to generate housing demand over the next decade.
Presale Collapse Means Fewer Future Deliveries
- New home sales have fallen stepwise for four years, with very few true presales remaining.
- This implies materially fewer new home deliveries over the next 3–4 years as projects stall.
