1,600,000 Canadians Out Of Work: Vancouver Housing CRISIS Deepens as Unemployment Rises

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Canadian unemployment is rising, and that shift has meaningful consequences for renters, buyers, landlords, and homeowners — especially in highly leveraged, high-price markets like Vancouver. In this video, I break down the latest unemployment data from Statistics Canada, explain why job quality matters as much as job losses, and walk through how rising unemployment changes behavior across the housing system. We’ll discuss how job losses affect renters first, how income disruption pressures landlords, why mortgage renewals become more difficult, and how rising unemployment quietly removes buyers from the market. This isn’t about fear or predictions. It’s about understanding the mechanics so you can reduce risk, make better decisions, and approach real estate with clarity during periods of economic uncertainty.
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Vancouver Realtor
🏢 eXp Realty Luxury Canada
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