Unsold new-home inventory has surged to a 30-year high, choking development pipelines and setting up severe future housing shortages.

BCREA says current conditions dangerously resemble post-2008 mistakes that fueled a decade-long supply crunch.

Prices may stay flat short-term, but inflation-adjusted home values could surge up to 27% by 2032.

Without urgent policy action to support builders and demand, affordability risks deteriorating sharply across British Columbia.