I had some of my comments featured recently in a Vancouver Sun article tilted, “Vancouver’s Luxury Builders should be nervous“. I’d like to add some further context as sometimes words can be misunderstood. There’s no doubt a trend transpiring across global property markets, a surplus of new luxury homes sitting on the market. A huge reason for this is the pullback from Chinese investment. Recent weakness in the Chinese economy, combined with tighter currency controls, has left property developers across the world, scrambling to fill the void. Vancouver is just one of many cities facing the same difficulties, if you want to call it that. The housing market has basically switched back to a more local driven market, that has become increasingly price sensitive. This has left some developers with a glut of luxury homes. See case and point below for available inventory in some of Vancouver’s more expensive projects – courtesy of our friends over at Altus Group. 
All of BC Now Subject to Aboriginal Title Claims
There is a lot happening right now: inflation surprised higher, the Bank of Canada faces pressure ahead of its next
