There’s certainly no argument as to the important role new housing development has on the BC economy. As one of the main pillars of GDP, I find it extremely valuable to keep an eye on the Metro Vancouver development arena. With some help from Urban Analytics and their recent state of the market report, there are a few items to keep an eye on. Due to the recent housing correction, project launches, along with total units released nosedived in 2019. This resulted in fewer sales as well. New project launches fell 30%, new units released fell by 60%, which sent new home sales tumbling 50% compared to 2018.

Housing Bubble in Vancouver? A Deep Dive into What’s Really Happening
If you’re trying to make sense of today’s housing market, especially when it comes to the housing bubble in Vancouver,