Repeat of the 2010s: B.C. home prices at risk of 27% jump by 2032 due to delayed construction

British Columbia's housing market faces a potential boom-and-bust cycle similar to post-2008 due to record-high unsold inventory, weak construction, and stalled pre-sales. Over 7,000 completed homes remain unsold, mostly condos. Rising development costs and financing challenges hinder new projects. Without increased supply and policy changes—like expanding GST exemptions and easing foreign buyer restrictions—home prices could surge nearly 27% by 2032, worsening affordability.