3) Past record construction means a future supply gap, with a potential “air pocket” of no new units hitting the market around 2027–28. 4/4 #bchousing #bcpoli #realestatedevelopment

2) BC’s population has dipped over the last two quarters, but household spending remains strong, suggesting resilience despite demographic headwinds. 3/4 #bchousing #bcpoli #realestatedevelopment

Here are a few key insights Robert shared:
1) Interest rates are near their floor. The Bank of Canada is unlikely to cut further unless a major global event occurs, with core inflation settling closer to 3%. 2/4 #bchousing #bcpoli #realestatedevelopment