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Vancouver’s real estate market continued to adjust in late Q3, with 2,300 home sales recorded—activity that remains below the city’s historical averages. As both buyers and sellers adapt to shifting conditions, I’m seeing more choice return to the market: 5,400 new listings brought active inventory to 11,400 homes, giving buyers an expanded selection at all price points.

The benchmark residential price held steady around $1.2M, reflecting how increased inventory is easing some of the upward pressure we saw earlier in the year. According to the board’s economist, the pace is steady as we move toward a more balanced market—one where buyers have room to explore their options, and sellers benefit from stable pricing that supports their planning.

Over 16 years of guiding Vancouver families and global investors, I’ve found that navigating these cycles with local expertise and a global perspective helps clients make confident decisions—whether you’re settling your family here or building your investment portfolio for the long term.

Vancouver’s real estate market has experienced a notable adjustment, with home prices declining approximately 10% over the past year and about 20% from their 2022 peak. These figures reflect a meaningful cooling from the rapid appreciation we saw in recent years. As inventory builds, economic growth slows, and potential rate hikes loom, current conditions suggest prices are likely to remain subdued for the near term, rather than stage a swift rebound. For those navigating this evolving landscape—whether local families, newcomers, or global investors—understanding the interplay between supply, growth, and financing is essential to making informed decisions. With over 16 years advising clients across residential, luxury, and investment properties in Vancouver, I remain committed to providing clear guidance through changing market dynamics.

Vancouver’s affordability picture has shifted, but the relief is only partial—ownership costs remain among the highest in Canada and continue to be a central challenge for many buyers. Recent price declines have managed to reverse more than half of the affordability spike seen during the pandemic, which is progress, but the market here is still the most demanding for buyers nationwide.

In British Columbia, softer labour conditions have kept wage growth modest. This means even as prices ease, many buyers aren’t experiencing the full benefit they might have hoped for. I’ve seen this firsthand in recent months: while there’s more inventory on the market and a broader selection across property types, resales are lower and prices continue to soften as demand has cooled.

Looking ahead, we expect home values to keep easing in the near term as inventory remains strong and buyer activity stays subdued. For those seeking opportunities—whether you’re a local family, a newcomer, or an investor—this evolving market offers more choices, but navigating affordability challenges requires the right strategy and up-to-date advice. With over 16 years helping clients through Vancouver’s complex cycles, I’m committed to providing clear guidance rooted in experience, especially for those building long-term value here or exploring international strategies.

Some homes have a view. This one has the view. Perched below Hwy 1 on a quiet, cul-de-sac, Queens neighorhood. This home offers sweeping 180° panoramic ocean, city vistas from Downtown Vancouver to English Bay, UBC and the Gulf of Georgia. With 5,697 sq.ft., 6 bedrooms, 5 baths and a legal suite, there’s room for family, guests and everyday luxury. Inside, enjoy American cherry floors, slate, travertine marble, granite finishes. Outside, the lifestyle shines with a 1,321 sq.ft. ocean-view balcony, 700 sq.ft. heated deck and a south-facing flat backyard perfect for kids, entertaining and unforgettable sunsets. Luxury, space and views in one incredible West Vancouver setting.

Welcome to Maywood on the Park in the heart of Metrotown. This bright 18th-floor studio at Unit 1803 offers a smart open layout with contemporary finishes, complemented by floor-to-ceiling windows that frame elevated views over the city. You're just moments from Metrotown Mall, SkyTrain, and the green space of Maywood Park — putting shopping, dining, transit, and daily essentials all within easy reach. Residents enjoy full building amenities, including 24-hour concierge, a fully equipped fitness centre, and a residents' lounge. Complete with 1 parking stall and 1 storage locker, this is an ideal home for first-time buyers, investors, or anyone seeking a vibrant, well-connected urban lifestyle.

With mortgage rates holding steady at higher levels, many Canadian borrowers are feeling the continued strain of affordability challenges—especially here in Vancouver, where every shift in financing costs can have a real impact on both homebuyers and investors. While potential rate relief is on the horizon, its effect will depend on several moving parts: inflation trends, the broader economy, and how the Bank of Canada chooses to navigate policy decisions in the months ahead. What I’m seeing in the market is a sense of caution among buyers, as higher borrowing costs shape purchasing power and influence both refinancing strategies and overall demand. In my experience advising families, new immigrants, and investors—both local and international—careful planning around today’s lending realities is critical. Rather than waiting for rates to drop, I encourage clients to focus on strategies that work in the current environment while keeping long-term goals in view. Every market presents its own set of challenges, but informed, proactive decisions will always serve you well.