The latest Metro Vancouver data reveals a nuanced shift in our housing market, with apartment sales leading the recent cooling trend. In late Q3, there were 1,700 residential sales across Metro Vancouver, but the softer activity was most evident among apartments: 777 units changed hands, compared to 575 detached and 358 attached home sales. This paints a clear picture of where buyer interest held up—and where it eased. New listings remained strong, with 5,900 properties added to the market, creating a wider selection for buyers to consider. Inventory reached 16,400 homes, supporting more thorough comparison shopping across neighborhoods and property types. The composite benchmark price settled at $1.08 million. As a local economist pointed out, it’s primarily end-users driving transactions now, while many investors are waiting for conditions to become more favorable. Drawing from over 16 years of experience helping families, newcomers, and international buyers navigate Vancouver real estate, I continue to see how shifting supply and demand dynamics shape opportunities in this vibrant market.
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