Is BC’s Housing Downturn a Welcome Rebalancing?

Slide 1:
🏠 BC housing shock – Prices still sky-high, but renter vacancy rates finally rising.

Slide 2:
📈 Decades of boom – Detached homes hit 25× median income in 2018, now 19×.

Slide 3:
💰 Speculation craze – Investors flipped condos; foreign buyers fueled bubble before 2017.

Slide 4:
🏗️ Upzoning paradox – Denser buildings rise, but land costs and developer profits also soar.

Slide 5:
🛠️ Real solution missing – Non-market housing only 4% of stock; real affordability still elusive.