{"id":27060,"date":"2026-01-12T10:10:42","date_gmt":"2026-01-12T18:10:42","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27060"},"modified":"2026-01-11T15:42:07","modified_gmt":"2026-01-11T23:42:07","slug":"vancouver-resale-housing-market-could-soften-further-new-home-construction-sector-to-remain-busy","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/01\/vancouver-resale-housing-market-could-soften-further-new-home-construction-sector-to-remain-busy\/","title":{"rendered":"Vancouver Resale Housing Market Could Soften Further, New Home Construction Sector to Remain Busy"},"content":{"rendered":"<p style=\"text-align: justify;\">Vancouver\u2019s resale housing market is being challenged by persistent unaffordability, economic uncertainty, cooling sales activity and diverging price expectations.<\/p>\n<p style=\"text-align: justify;\">That\u2019s according to an analysis released Thursday by the Conference Board of Canada, which said the rising number of listings is helping to depress prices in the region.<\/p>\n<p style=\"text-align: justify;\">\u201cLagging sales and elevated listings strongly suggest sellers will have to lower prices to attract buyers,\u201d said a Jan. 8 report by Conference Board economist Christopher Heschl.<\/p>\n<p style=\"text-align: justify;\">\u201cThis is good news for interested buyers waiting for homes that fit their budgets. However, if sellers are unwilling to take a haircut and delay lowering prices, the resale market could soften further.\u201d<\/p>\n<p style=\"text-align: justify;\">A weaker resale market and demographic changes are expected to slow down the construction of new homes, with housing starts anticipated to fall 18% between 2025 and 2030.<\/p>\n<p style=\"text-align: justify;\">But major non-residential projects should keep the construction sector afloat. The report cited major transportation projects like the $3-billion Broadway Subway and the $6-billion Surrey-Langley SkyTrain extension.<\/p>\n<p style=\"text-align: justify;\">Another big project is the Vancouver Fraser Port Authority&#8217;s $3.5-billion Roberts Bank Terminal 2 expansion in Delta slated to begin in 2028, the report said.<\/p>\n<p style=\"text-align: justify;\">The Conference Board also analyzed the impact of trade uncertainty on Vancouver. It said the region is relatively insulated compared to other parts of Canada.<\/p>\n<p style=\"text-align: justify;\">\u201cThe city\u2019s location on the West Coast gives it easy access to Asian markets, partially shielding it from US trade uncertainty,\u201d said the report.<\/p>\n<p style=\"text-align: justify;\">\u201cHowever, persistent housing unaffordability, unfavourable demographics and a modest Canadian economy are still weighing on growth prospects.\u201d<\/p>\n<p style=\"text-align: justify;\">This year should see the first population decline in the region\u2019s modern history as federal policies cause a net outflow of international migrants, said the report.<\/p>\n<p style=\"text-align: justify;\">\u201cInternational migration accounts for most of Vancouver\u2019s population growth, driving more than 80% of all resident gains over 2015 to 2024,\u201d the report said.<\/p>\n<p style=\"text-align: justify;\">\u201cAs a result of the federal government\u2019s reduction in international migration targets between 2025 and 2027, the region\u2019s population is set to shrink slightly.\u201d<\/p>\n<p style=\"text-align: justify;\">A stabilizing population is expected to restrain employment growth and result in a tighter labour market, the Conference Board said.<\/p>\n<p style=\"text-align: justify;\">Moderate population growth could return around 2028 if federal immigration targets relax again, the independent research organization said.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.biv.com\/news\/real-estate\/vancouvers-resale-market-could-soften-further-as-price-expectations-diverge-11714580\" target=\"_blank\" rel=\"noopener\">Vancouver&#8217;s Resale Market Could Soften Further as Price Expectations Diverge<\/a> by Jami Makan | BIV<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vancouver\u2019s resale housing market is being challenged by persistent unaffordability, economic uncertainty, cooling sales activity and diverging price expectations. That\u2019s according to an analysis released Thursday by the Conference Board &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/01\/vancouver-resale-housing-market-could-soften-further-new-home-construction-sector-to-remain-busy\/\">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":[8,27,13],"tags":[],"class_list":["post-27060","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-pre-sale-projects","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vancouver Resale Housing Market Could Soften Further, New Home Construction Sector to Remain Busy &#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\/2026\/01\/vancouver-resale-housing-market-could-soften-further-new-home-construction-sector-to-remain-busy\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Vancouver Resale Housing Market Could Soften Further, New Home Construction Sector to Remain Busy &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Vancouver\u2019s resale housing market is being challenged by persistent unaffordability, economic uncertainty, cooling sales activity and diverging price expectations. 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