Vancouver's real estate market is expected to stabilize by 2026, with growing confidence among tenants and investors. The downtown office vacancy rate is projected to approach the historical norm of 7% as no significant new supply is anticipated for four years. While capital investment is returning, residential development land remains challenged, with activity down 75% from last year, impacting new housing deliveries. Experts predict a slow recovery for residential activity, with normalized conditions unlikely before 2026, amid cautious sentiment influenced by economic factors.
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