Real estate industry hopes Liberal government steps up its game

The next couple of years will be painful for the Vancouver region’s real estate market, say industry experts. Foreign money and a historically low interest rate have vanished. Inventory has piled up; projects are being put on hold – even after construction has begun – and work is drying up.

Prior to this week’s election, real estate experts got to question Prime Minister Mark Carney firsthand about his housing policies when he was the guest of honour at an event held by condo marketer Bob Rennie, founder of Rennie Group.