Vancouver Real Estate Podcast VREP #500 | Can Vancouver Recover from the Worst Market this Century with Ryan Berlin And Brendon Ogmundson
Jan 23, 2026
Ryan Berlin, Rennie’s chief economist focused on new and pre‑construction markets, and Brendon Ogmundson, BCREA’s provincial market analyst, unpack Vancouver’s deepest sales slump this century. They probe unsold concrete towers, rental oversupply amid falling immigration, shifting investor calculus, construction pressures, and where buyers might find value as the market searches a new identity.
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Vancouver's Sales Collapse But Stable Prices
- Metro Vancouver experienced the worst sales year of the 21st century, yet prices only fell modestly around 3%.
- That shows strong price resilience despite a dramatic collapse in transaction volume.
Investor Flight Deepened Vancouver's Downturn
- Investor exit drove a disproportionate share of Metro Vancouver's weakness compared with other BC markets.
- Losing investors removed a large buyer class and lengthened the downturn in the region.
Woodframe Projects Are More Resilient
- Wood-frame low-rise projects remain viable because they target end-users, not investors.
- That makes them more resilient while concrete high-rise presales stall without investor demand.
