After months of compounding uncertainty, Vancouver's real estate market has shifted dramatically from early 2025's optimism. But where do we stand currently as we emerge from our Canada Day revelry? It's time for a half-time assessment. Frame Properties partner Clint Murphy sits down with Adam & Matt to deliver an unvarnished mid-year report on Vancouver's market reality. From major players who haven't bought land since 2022 to rental rates crashing from $6 to $4 per square foot, this conversation reveals why new construction has stalled and what it means for Vancouver's housing future. Murphy breaks down the policy pile-on effect hitting during a market downturn while explaining how the entire industry is adapting and warning of supply challenges ahead as the pipeline dries up. What happens when even our most ardent optimists turn pessimistic about Vancouver real estate? How is the industry restructuring to survive? And is this market shift permanent or just another cycle? Don't miss this candid half-time report on Vancouver's real estate reality.