Vancouver Real Estate Podcast VREP #490 | Vancouver's Hidden Supply Crisis Nobody's Talking About With Dustan Woodhouse
Oct 17, 2025
Dustan Woodhouse, a mortgage expert and author, dives into Vancouver's hidden housing crisis. He reveals that nearly half of new 'supply' consists of rentals rather than homes for sale, intensifying the challenge for aspiring homeowners. Dustan discusses the drastic drop in mortgage approval rates, the inequity of long amortization terms, and the political implications of a generation becoming lifetime renters. His insights raise urgent questions about the future of homeownership and the need for coordinated government action.
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Broker Experience With 3,000+ Applications
- Dustan described funding about 1,695 mortgages from over 3,000 applications across a decade as a mortgage broker.
- He uses that sample to argue today's approval rates would be far lower.
Fragmented Policy Is The Core Problem
- Dustan Woodhouse researched Vancouver's housing rules because he fears a generation is being locked into lifelong renting.
- He argues multiple governments and agencies must coordinate to fix supply and policy fragmentation.
Qualification Rates Have Fallen Sharply
- Woodhouse estimates the same applicant pool now yields far fewer approvals — roughly 600 vs. 1,695 a decade ago.
- He attributes this to stricter stress tests and tighter underwriting.
