When we talk about housing affordability here in BC, it’s tempting to focus just on home prices, but as I’ve seen time and again with my clients, the picture is more complex. Incomes play a critical role in determining whether homeownership is truly achievable for families and individuals. The provincial government’s recent proposal to tax newly built condos that sit vacant and unsold is meant to help move inventory and perhaps ease prices, but there’s more happening beneath the surface. Our market has already been adjusting, with sales slowing down, fewer presales, and developers feeling the impact of high construction and financing costs. Real estate and construction together make up about 28% of BC’s GDP, and construction alone provides jobs for over 190,000 people—so affordability is deeply tied to the strength of our local economy and household incomes. As someone who brings both an accounting background and a focus on client success to every transaction, I believe lasting solutions will come from not only addressing housing costs and supply, but also supporting broader economic growth, job creation, and a diverse, resilient BC. The path to your property goals is shaped by more than just the listing price.
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