Delayed Construction May Cause B.C. Home Prices to Surge 27% by 2032

British Columbia faces a housing market challenge with over 7,000 unsold homes due to weak construction and stalled pre-sales. Rising construction costs and project cancellations contribute to supply shortages. If demand rebounds without increased development, home prices could rise by 27% by 2032. Policy changes like expanding GST exemptions, reassessing foreign buyer rules, and reducing development charges are needed to improve supply and affordability.