Drawing on over two decades in consulting and a master’s degree in business, I keep a close eye on the shifts in Canada’s housing market—especially trends that impact the Greater Vancouver area. The latest data shows Canada’s six-month housing start trend dropped about 1% to 244,000 units, with actual starts in larger centres down 2% to 17,700. Year-to-date, we’re at 149,500 starts, which is roughly 4% lower than the same stretch in 2025. While construction activity remains higher than in recent years, the national housing agency’s economists are signaling a likely continued slowdown. Ongoing geopolitical challenges and the US-Canada trade dispute are driving up construction material costs, further straining builders. Looking forward, the agency expects new-home construction to keep declining through 2028, particularly in the condo segment, where high developer costs, tepid demand, and surplus inventory are all at play. For those navigating these complexities, a careful, data-driven approach is required.
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