As someone who has spent over 16 years guiding clients through Vancouver’s ever-changing property landscape, I’ve seen firsthand how markets can shift. Recent data shows Toronto’s housing market has experienced an 11% year-over-year decline—the largest among 23 global cities—with prices now nearly 30% below their peak. Vancouver has followed suit, with a 10% annual drop and values down 20% since 2022. Higher interest rates, the foreign-buyer ban, and increased inventory are all shaping this correction, and further adjustments may be on the horizon.
For families, newcomers, and investors—especially those considering cross-border or long-term strategies—these figures underscore the importance of a tailored approach in today’s market. My experience has taught me that adapting to new realities creates opportunities, even in times of transition. If you’re looking to navigate these changes, it’s more critical than ever to rely on informed, strategic guidance rooted in deep local knowledge.
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