VREP #530 | From 4,000 Metro Vancouver Presales a Quarter to 62 with Beau Jarvis

Vancouver's presale market hasn't just slowed, it has nearly vanished, & that will shape what gets built here for years to come. Recorded live at REIBC's Real Estate 360, Wesgroup Properties President & CEO Beau Jarvis sits down with Adam & Matt to explain why government, not weak demand, remains his industry's biggest obstacle. With civic & provincial elections a week apart, Beau pulls no punches on David Eby's proposed levy on unsold homes, why builders are accepting losses to keep their teams employed, and why DRIPA & rising interest rates add even more risk for the capital that funds new projects. Could a Conservative victory change public sentiment? Should foreign buyers be welcomed back? And how much longer can developers hold out in conditions this tepid? Don't miss this one!