Sellers don’t want to be buyers in this red hot Vancouver housing market when it comes to tangible product. Unfortunately, new condo development in Downtown Vancouver is no where to be seen. Sure, there are a few pre-construction projects that recently came to market and sold out quickly this past Spring. But I’m looking out towards later this year and next year and see very little new construction on the way. If the City of Vancouver is really interested in making Real Estate more affordable they will tackle the supply problem instead of trying to curb demand with new taxes.