Vancouver Foreclosures Are Rising… Here’s The Reality.
Foreclosure listings are rising across Greater Vancouver — but the real story is far more nuanced than the doom headlines suggest. Here’s what I’m actually seeing on the ground.
youtube.com/watch?v=Ze1G2j…
Steve Saretsky’s foreclosure chart needs context.
Metro Vancouver has roughly 14,000–17,000 active listings.
Court ordered listings?
119.
That’s roughly 0.7% of listings.
Meaning:
~99.3% of listings are NOT foreclosures.
Vancouver’s condo market is changing fast.
Fewer new projects. Rising construction costs. Developers pulling back.
What this means for renters, buyers, investors, and future housing supply in Vancouver.
Full breakdown here:
youtube.com/watch?v=ykrB_t…
Canada is becoming a renter nation.
Rental construction is surging while condo development is rolling over. Less ownership supply today likely means another housing crunch tomorrow.
“You will own nothing and be happy.” New YouTube video Sunday: Renter Nation
Newly built condos in Vancouver are too expensive to sell, while older buildings in prime locations are outperforming. Why?
• Superior locations
• Larger, better floorplans
• Proven strata history
• 20%+ lower price / sqft than new projects
• No GST
Everyone keeps talking about a Vancouver condo “meltdown” — but the reality is far more nuanced.
Pre-sale condos are struggling.
Older concrete buildings in prime locations are holding up much better.
Here’s what buyers need to understand right now:
youtube.com/watch?v=mOOkFE…
6,000 rental homes.
886 parking stalls.
4,400 bike lockers.
Vancouver is rapidly shifting from an ownership city to a renter economy.
‘You will own nothing and be happy’
Most Vancouver condo markets I work in have been rising since January.
Example: False Creek’s sales-to-active listings ratio just hit 22% — anything over 20% is considered a seller’s market.
Why isn’t the media covering this?
@Prominent_Bryan@JohnCCoupar Condo prices down about 7.5% from peak but they have been rising since January and I havent seen any media coverage on this
@EllacottJon@JohnCCoupar Presale is typically 5-10% of total transaction volume and right now its way less. Small slice of the market. Not indicative of the resale market which has been firming up.
@Jay_Coupar@JohnCCoupar Because the active listings do not reference total inventory. The entire industry is still finding lacklustre presale interest.
Stop doomscrolling.
Vancouver condos:
• ~7.5% off peak
• Flat for 3+ months
Sales-to-active listings is rising — a leading indicator.
We’re back in balanced territory… and the best units are already getting picked off.
Reply “LIST” for the best buys right now↓