Vancouver Mayor BREAKSDOWN As 10,000 Cancelled Condos Trigger MASS FAILURES!

Video Description

🔥 FREE GUIDE: Avoid the 7 Critical Home Investment Mistakes destroying buyers right now: http://canadahousing.carrd.co Vancouver's condo market faces its biggest test in decades. Over 10,000 presale condo units are now stuck in the "danger zone" — unable to reach the 70% sales threshold required for construction financing. Meanwhile, approximately 3,500 units have already been cancelled or entered receivership across Metro Vancouver. In this video, we break down the verified data behind Vancouver's condo market correction using official sources including CMHC, Zonda Urban, Rennie Intelligence, and the Urban Development Institute. You'll learn why presale activity dropped 53% from 2023, which major developments from established builders like Wesgroup, Boffo, Brivia Group, and Thind Properties failed to proceed, and what 2,500+ unsold completed condos mean for BC property values. We examine the four key factors driving this shift: interest rate increases from 2% to over 6%, construction cost inflation of 36%, investor participation dropping from 50% to just 7%, and the foreign buyer ban impact. Whether you're a buyer looking for opportunities, an investor reassessing your portfolio, or simply want to understand what's happening in Canadian real estate, this analysis gives you the facts without the hype. 📊 Key topics covered: The 70% presale threshold and why it matters Cancelled projects: Ardea, Bassano, CURV, District Northwest Developer debt levels exceeding $1.2 billion across troubled projects Vancouver benchmark prices down 10% from April 2022 peak What happens to buyer deposits when projects fail Market outlook through 2027 🔗 Sources & Further Reading: CMHC Condominium Market Risks Report (June 2025): https://www.cmhc-schl.gc.ca/observer/2025/condominium-apartment-market-risks-toronto-vancouver BCBusiness - B.C. Real Estate Crisis Deepens (July 2025): https://bcbusiness.ca/industries/real-estate/b-c-real-estate-crisis/ Globe and Mail - New Condo Market in Greater Vancouver in Dire Shape (May 2025): https://www.theglobeandmail.com/canada/british-columbia/article-new-condo-market-in-greater-vancouver-in-dire-shape/ CBC News - Metro Vancouver's Condo Market Slumping (June 2025): https://www.cbc.ca/news/canada/british-columbia/metro-van-slumping-condo-market-1.7573303 CBC News - 2,500 Condos Sit Unsold in Metro Vancouver (2025): https://www.cbc.ca/news/canada/british-columbia/unsold-condos-metro-vancouver-bc-2025-1.7647776 Canadian Mortgage Professional - Record Unsold Condos (April 2025): https://www.mpamag.com/ca/mortgage-industry/market-updates/record-number-of-new-condos-remain-unsold-in-vancouver/533547 Storeys - CURV Vancouver Receivership: https://storeys.com/curv-vancouver-brivia-group-foreclosure/ Storeys - Coromandel Properties Receivership: https://storeys.com/coromandel-properties-vancouver-receivership-2025/ Daily Hive Urbanized - Major Vancouver Condo Project Cancelled: https://dailyhive.com/vancouver/major-vancouver-condo-project-cancelled WOWA - Vancouver Housing Market Update: https://wowa.ca/vancouver-housing-market Every claim verified with primary sources. #realestate #realestatemarket #propertymarket For any questions or content inquiries, you can write to me at: [email protected] Disclaimer: We’re real estate enthusiasts—not licensed agents, appraisers, or financial advisors. All content is based on publicly available data, market observations, and personal opinions, and is shared for entertainment and general information only. Accuracy isn’t guaranteed. Always consult a qualified real estate professional, attorney, or financial advisor before making any property, investment, or relocation decisions.This video provides fact-based analysis without political bias—just economics, data, and real-world impact on families, developers, and the construction industry.