Vancouver Real Estate Podcast VREP #475 | Vancouver Real Estate's 2025 Half Time Report with Clint Murphy
Jul 4, 2025
Clint Murphy, a partner at Frame Properties and expert in real estate development, dives deep into Vancouver's shifting real estate landscape. He discusses the dramatic changes since early 2025, including plummeting rental rates and stalled new construction projects. Murphy breaks down the impact of economic uncertainties and evolving buyer behaviors, while warning about future supply challenges. He also explores strategic adaptations by developers amidst market fluctuations, uncovering the intricate connections in Vancouver's housing market.
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Start Development at Market Bottom
- Starting a real estate development company at the bottom of the cycle is strategic and beneficial.
- It allows buying land and building processes when prices are low, positioning for growth as the market recovers.
Compounding Market Uncertainty Effects
- Compounding uncertainty from tariffs, election, and immigration cuts heavily impacts the real estate market.
- Piling distinct uncertainties creates a market freeze and buyer hesitation.
Broadway Development Application Reality
- Many Broadway corridor development applications won't be built due to unrealistic rent assumptions.
- Projects started in a better market now face viability challenges under current conditions.