Unsold condos in Metro Vancouver pile up despite Canada’s housing shortage

Over 2,000 newly built condos in Metro Vancouver remain unsold, with numbers expected to reach 3,500 by year-end due to economic uncertainty and affordability issues. High condo listings and slowed pre-sales have led some developers to pause or cancel projects. Experts cite low affordability and trade-related economic concerns. The government aims to increase housing starts and focus on affordable housing to stabilize the market.

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