Vancouver Developers Are SCREWED: Their "PLAN B" Backfired and Now Condos Are Sitting Empty

Vancouver Developers Are TRAPPED – Here’s Why Thousands of Condos Are Sitting Empty in 2025 🔻
What's happening in the new construction market in Vancouver is unprecedented — and it's changing the future of real estate development forever.

In this video, I break down how Vancouver developers' "Plan B" backfired and why we’re now seeing a surge of empty condos, soaring construction costs, and plummeting rental demand.

Many developers hoped that switching from pre-sale condos to purpose-built rentals would save them — but now they’re facing high interest rates, falling rents, and brutal competition. New data from Statistics Canada, CMHC, and Rentals.ca paints a grim picture of what's coming in 2025 and 2026.

🧱 Construction costs up 86% since 2017
📉 Condo sales down 37%
🏗️ Rental vacancies rising fast
📊 Over 6,000 new rental units coming in next 24 months
📉 Vancouver rents dropped 7% year-over-year

If you’re a real estate investor, home buyer, or just trying to understand where the Vancouver housing market is headed — this is essential viewing.

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📩 Need real estate help in Vancouver? Email me:
Get in touch:
Oleg Galyuk - Royal Pacific Realty
604-565-7052
[email protected]
www.myvancouverproperty.ca

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