VREP #530 | From 4,000 Metro Vancouver Presales a Quarter to 62 with Beau Jarvis

Vancouver's presale market hasn't just slowed, it has nearly vanished, & that will shape what gets built here for years to come. Recorded live at REIBC's Real Estate 360, Wesgroup Properties President & CEO Beau Jarvis sits down with Adam & Matt to explain why government, not weak demand, remains his industry's biggest obstacle. With civic & provincial elections a week apart, Beau pulls no punches on David Eby's proposed levy on unsold homes, why builders are accepting losses to keep their teams employed, and why DRIPA & rising interest rates add even more risk for the capital that funds new projects. Could a Conservative victory change public sentiment? Should foreign buyers be welcomed back? And how much longer can developers hold out in conditions this tepid? Don't miss this one!

The fall market is already crawling, and now a snap provincial election and a surprise tax on unsold condos have dragged BC housing into the political crossfire. In front of a live audience, BCREA Senior VP of Government Relations Trevor Hargreaves sits down with Adam & Matt to unpack Premier David Eby's timing, why developers keep getting cast as villains while many struggle to stay afloat, and how rapid densification without schools or hospitals to match could strain growing neighbourhoods. Can a party on its third leader this year stay disciplined long enough to win? Can Ken Sim's crime-focused pitch rescue his bid for a second term? And could an Australian-style approach to foreign investment get stalled projects moving again? Don't miss this one!

For many Vancouverites, this upcoming civic election is about one thing: street disorder. Councillor & Green Party mayoral candidate Pete Fry sits down with Adam & Matt this week to lay out his approach, from supportive housing & overdose prevention sites to the tiny shelters he's seen succeed down the coast. The longtime Strathcona resident also shares what a well-run SRO on his own block reveals about making these buildings work. Is East Van shouldering more than its share of the region's hardest problems? What would it take to get people out of shop doorways for good? And where does involuntary care fit into the solution? Don't miss this ahead of October's vote. 

Picture this: you move into your new home & find yourself across the table from a government bureaucrat at your first strata meeting. And they control 30% of the strata votes! The proposed condo bailout could make this a reality. Senior Economist Marc Lee of the Canadian Centre for Policy Alternatives sits down with Adam & Matt this week to unpack why the cycle that made Vancouver real estate a one-way bet has somehow ended with taxpayers buying condos, how scooping up unsold units puts an artificial floor under prices right when they need to move, and where Marc thinks the province belongs in the housing market instead. What happens to your assessed value when Victoria buys the unit next door? Which 2,200 households win the condo bailout lottery? And is this all really about developers or about the Canadian banks? Don't miss this one!

The Fraser Valley benchmark price has fallen from nearly $1.2 million at the 2022 peak to $869,000 & Surrey Realtor Steve Karrasch says the declines are speeding up - not slowing down. Steve sits down with Adam & Matt this week to walk through a market that is bucking the stabilizing national trend: where court-ordered sales are setting the price, landlords are selling rather than re-renting, and a detached house can now be had for what a two-bedroom condo cost three years ago. From the boom-and-bust history of Surrey City Centre to the multiplexes going up with no buyers in sight, this conversation gets into where the Valley is headed and what sellers need to hear before listing this fall. Why does Langley still see multiple offers while much of Surrey sits? How far away is the bottom? And why is Steve still hopeful? Don't miss this one!

Most of the market is sitting on its hands, but Townline President Daryl Simpson says that developers paying attention are getting ready to build. Daryl sits down with Adam & Matt this week to explain a paradox: how the slowest condo market of his three decade career, the first real drop in rents this city has ever seen, and 20,000 rental units still under construction actually set up a genuine supply squeeze in the early 2030s - one builders should be preparing for now. He is candid about why today's construction savings will not last, what developers got wrong during boom times, and why the condo bailout nobody asked for is doing more harm than good. So when does this market actually turn? What happens to rents once the cranes come down? And what will it take for buyers to believe in this market again? Don't miss this one!

Selling in Vancouver this fall will not be easy & the questions homeowners are asking right now reflect that reality. Fresh off a stronger June but softer July, Adam & Matt sit down to discuss listing your property in the fall of 2026, answering the questions they hear most from sellers. They move through each stage of a sale: before you list, when you set your price, and once an offer comes in, tackling everything from reading a market that keeps humbling the experts to the subject-removal shakedown now showing up on nearly every deal. Is now the time to list or a moment to wait? Should you buy first or sell first? And is the first offer really the best offer? Don't miss this practical guide to selling in today's market.

The debate over Vancouver's Villages Plan has become something bigger than a simple zoning discussion. It has become a charged battle over the future of our city. As the city holds public consultation on the plan to upzone 17 neighbourhoods across Vancouver, housing advocate Phil Webb sits down with Adam & Matt to report from these contentious meetings at City Hall. They unpack the fears of the opposition, assess the plan on its merits, and dig into Phil's warning that protecting the status quo only shuts younger Vancouverites out of the market for good. Is the plan smart policy or just more condos that no one asked for? Whose voices are actually being heard here, and who is really footing the bill? And are the battle lines over the city's future actually in fact drawn by generation and wealth? The future of the city is being shaped today & the conversation starts here.  

The same strange market split is playing out in Toronto and Vancouver & which side you're on depends entirely on what you own. Tom Storey, leader of Toronto's Storey Team and host of the Tom Storey Show, sits down with Adam & Matt this week to compare Canada's largest cities point for point. The conversation runs from Leslieville versus Kitsilano, to a five-point test that decides whether a condo sells today, to a new framework that flips how buyers should think about real estate as a long term investment. Why do a handful of neighbourhoods still feel like 2021? What hard-won lessons from this downturn could save you thousands? And is now the best window to trade up before prices move again? A must listen before you make your next move! 

The numbers say the market is merely slow. Everyone living in it says something worse. BCREA Chief Economist Brendon Ogmundson sits down this week with Adam & Matt to break down a first half that somehow undercut an already historic low. From the string of supply shocks driving rates up, to move up buyers single-handedly propping up the market, to the province's $1.5 billion bid to scoop up thousands of unsold condos, this wide-ranging conversation gets to the heart of why the gloom won't lift & what finally turns it around. So what word does a chief economist reach for? Why are first time buyers disappearing just as affordability improves? And when does the malaise finally lift?