Controversial Trends in BC Real Estate

1. Oversupply & Developer Pushback
With listings hitting decade highs, some developers and real estate boards are quietly pushing back against aggressive upzoning policies (like transit-oriented development mandates), arguing they’re flooding the market with inventory while demand stays muted. Critics say this risks destabilizing prices and putting financial pressure on smaller builders.

2. Rental-Only Zoning Backlash
Several municipalities have moved forward with rental-only zoning and stricter restrictions on short-term rentals (e.g., Airbnb), sparking criticism from small investors and homeowners. Opponents argue it reduces flexibility and devalues properties, especially in tourist-heavy areas like Tofino or parts of Vancouver Island.

3. Foreign Buyer Ban Workarounds
Despite the federal foreign buyer ban, reports continue to surface of loopholes and proxy buying, with shell corporations or relatives acquiring properties. Critics say enforcement is weak, while others argue the ban is more symbolic than effective in addressing affordability.

4. Strata Insurance Premiums Still Climbing
Though no longer front-page news, strata insurance costs—especially in older buildings—remain a sore point. Some owners face soaring deductibles, leading to unit resale challenges and mounting legal disputes within strata councils.

5. Investor Fatigue & Mortgage Stress
Investors holding pre-sale condos from 2021–2022 are increasingly trying to assign contracts before completion due to higher mortgage rates and flattened rental yields. This has led to growing assignment listings in some towers, raising concerns of oversaturation and price dips in certain markets.