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In this episode of the Commercial Real Estate Podcast, hosts Aaron Cameron and Adam Powadiuk welcome Ryan Berlin, VP of Intelligence and Head Economist at Rennie, for an in-depth look at Vancouver’s real estate paradox: falling prices amid housing shortages. They unpack the impact of immigration changes, demographic shifts, and rental market pressures, including record-high construction and sticky land values. Ryan offers sharp insights into what’s driving demand, why recovery may be near, and how evolving living patterns reshape Vancouver’s housing landscape.
What you will learn:
- Why Vancouver’s housing market is seeing price declines despite supply shortages
- How demographic shifts and immigration policy are leading to population decline
- The impact of record-high rental construction on market dynamics and rental rates
- Why $5/sq ft has become the new rental rate benchmark in Vancouver
- How are changing living patterns reshaping housing demand
- The challenge of 2,200 completed but unsold units in Vancouver’s condo market
- Why land values remain sticky despite market pressures and price declines
- How market confidence and resale dynamics influence pre-sale market success
- The long-term value proposition of Vancouver real estate, despite current headwinds
- Why rental rates are projected to decline 4.5% in 2025
Ryan Berlin is the VP Intelligence and Head Economist at Rennie, where he leads a top-tier research division supporting 270 advisors, developers, and real estate stakeholders across Metro Vancouver, Greater Victoria, the Central Okanagan, and Seattle. Passionate about data and the Cascadia Corridor, Ryan distills complex resale, pre-sale, economic, and demographic trends into clear insights that empower confident decisions. Whether you’re buying, selling, or simply curious, Ryan makes real estate data engaging, actionable, and yes, even fun. Explore more at rennie.com/intelligence.
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