{"id":18984,"date":"2021-12-06T10:10:00","date_gmt":"2021-12-06T18:10:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=18984"},"modified":"2021-12-02T09:27:18","modified_gmt":"2021-12-02T17:27:18","slug":"greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2021\/12\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\/","title":{"rendered":"Greater Vancouver Housing Supply Shortage Could Drop Further as Supply Chains Recover, Construction Delays &#038; Increased Building Costs"},"content":{"rendered":"<p style=\"text-align: justify;\">British Columbia is working to rebuild and repair highways, bridges and rail lines washed out by floodwaters after an \u201catmospheric river\u201d hit southern BC on November 14, bringing record rainfall that caused flooding and triggered mudslides across the region.<\/p>\n<p style=\"text-align: justify;\">The snarled supply lines have resulted in panic buying and gasoline rationing, while building material delays are expected to impact residential construction projects across the province.<\/p>\n<p style=\"text-align: justify;\">\u201cA disruption to transportation infrastructure of this magnitude will only exacerbate a supply chain that is already strained due to challenges with global shipping,\u201d Mark Sakai, advocacy project manager for the British Columbia Real Estate Association, told Livabl.<\/p>\n<p style=\"text-align: justify;\">Greater Vancouver is already experiencing a housing supply shortage, as the number of active listings dropped from 9,728 at the end of September to 8,492 by the end of October. Those numbers could drop further in the coming months due to construction delays and increased building costs.<\/p>\n<p style=\"text-align: justify;\">\u201cObviously, anything that slows the rate of new supply entering the housing market is likely to cause negative impacts,\u201d Sakai said. \u201cAdd to this the increased demand for building materials for repair and restoration of flood-damaged homes and other structures, and there could be a cost impact for many construction inputs.\u201d<\/p>\n<p style=\"text-align: justify;\">Two roadways connecting the Lower Mainland to BC\u2019s interior re-opened over the weekend. Highway 7 connecting to Highway 3 reopened Friday, while Highway 99 connecting to Highway 97 opened on Saturday. However, the Coquihalla Highway, a key transportation corridor linking the Lower Mainland with the rest of Canada, is expected to take months to repair.<\/p>\n<p style=\"text-align: justify;\">Meanwhile, the country\u2019s two largest railway services \u2014 Canadian Pacific Railway (CP Rail) and Canadian National Railway (CN Rail) \u2014 saw rail lines damaged by landslides and washouts, halting the movement of goods between Canada\u2019s biggest port in Vancouver and BC\u2019s Okanagan Valley region.<\/p>\n<p style=\"text-align: justify;\">CP Rail is expecting to resume operations Tuesday night, while CN Rail is planning to restart limited service on Wednesday.<\/p>\n<p style=\"text-align: justify;\">\u201cCutting off access to the rest of Canada from the nation\u2019s largest port is not good,\u201d Sakai said. \u201cAs well, there are many key shipments moving from east to west that would be needed in Vancouver for home construction that would also be impacted by flood damage.\u201d<\/p>\n<p style=\"text-align: justify;\">Atmospheric rivers \u2014 also known as moist conveyer belts \u2014 are regions in the atmosphere that transport water vapour outside of the tropics. When these rivers make landfall, they release the vapour as rain or snow.<\/p>\n<p style=\"text-align: justify;\">As recovery efforts continue and evacuees return home to some of the hardest-hit areas, Environment Canada is warning about more rain later this week.<\/p>\n<p style=\"text-align: justify;\">Starting Thursday, an atmospheric river is forecast to dump up to 70 millimetres of rain in the Fraser Valley and as much as 100 millimetres in the North Shore mountains. While rainfall isn\u2019t expected to match the totals from earlier in the month, there are concerns that it could slow recovery efforts.<\/p>\n<p style=\"text-align: justify;\">\u201cGetting corridors open from the Lower Mainland has been and continues to be our highest priority to make sure that supply chains can be maintained,\u201d said Rob Fleming, BC\u2019s Minister of Transportation and Infrastructure, in a statement. \u201cWe know how vitally important it is to open routes and to have supply chains moving. That is our focus.\u201d<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.livabl.com\/2021\/11\/construction-delays-higher-costs-supply-chains-recover.html\" target=\"_blank\" rel=\"noopener\">Construction Delays, Higher Costs Expected as BC Supply Chains Recover<\/a> by Ryan Garner | Livabl<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British Columbia is working to rebuild and repair highways, bridges and rail lines washed out by floodwaters after an \u201catmospheric river\u201d hit southern BC on November 14, bringing record rainfall &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2021\/12\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-18984","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Greater Vancouver Housing Supply Shortage Could Drop Further as Supply Chains Recover, Construction Delays &amp; Increased Building Costs &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2021\/12\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Greater Vancouver Housing Supply Shortage Could Drop Further as Supply Chains Recover, Construction Delays &amp; Increased Building Costs &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"British Columbia is working to rebuild and repair highways, bridges and rail lines washed out by floodwaters after an \u201catmospheric river\u201d hit southern BC on November 14, bringing record rainfall &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/12\\\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/12\\\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Greater Vancouver Housing Supply Shortage Could Drop Further as Supply Chains Recover, Construction Delays &#038; Increased Building Costs\",\"datePublished\":\"2021-12-06T18:10:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/12\\\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\\\/\"},\"wordCount\":561,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/12\\\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/12\\\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/12\\\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\\\/\",\"name\":\"Greater Vancouver Housing Supply Shortage Could Drop Further as Supply Chains Recover, Construction Delays & Increased Building Costs &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2021-12-06T18:10:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/12\\\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/12\\\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2021\\\/12\\\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Greater Vancouver Housing Supply Shortage Could Drop Further as Supply Chains Recover, Construction Delays &#038; Increased Building Costs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling &amp; Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Greater Vancouver Housing Supply Shortage Could Drop Further as Supply Chains Recover, Construction Delays & Increased Building Costs &#8226; Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2021\/12\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\/","twitter_card":"summary_large_image","twitter_title":"Greater Vancouver Housing Supply Shortage Could Drop Further as Supply Chains Recover, Construction Delays & Increased Building Costs &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"British Columbia is working to rebuild and repair highways, bridges and rail lines washed out by floodwaters after an \u201catmospheric river\u201d hit southern BC on November 14, bringing record rainfall &hellip; [read more]","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2021\/12\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2021\/12\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"Greater Vancouver Housing Supply Shortage Could Drop Further as Supply Chains Recover, Construction Delays &#038; Increased Building Costs","datePublished":"2021-12-06T18:10:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2021\/12\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\/"},"wordCount":561,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Market Updates"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2021\/12\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2021\/12\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\/","url":"https:\/\/www.roryc.ca\/blog\/2021\/12\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\/","name":"Greater Vancouver Housing Supply Shortage Could Drop Further as Supply Chains Recover, Construction Delays & Increased Building Costs &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2021-12-06T18:10:00+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2021\/12\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2021\/12\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2021\/12\/greater-vancouver-housing-supply-shortage-could-drop-further-as-supply-chains-recover-construction-delays-increased-building-costs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Greater Vancouver Housing Supply Shortage Could Drop Further as Supply Chains Recover, Construction Delays &#038; Increased Building Costs"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling &amp; Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/18984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=18984"}],"version-history":[{"count":1,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/18984\/revisions"}],"predecessor-version":[{"id":18985,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/18984\/revisions\/18985"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=18984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=18984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=18984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}