The Metro Vancouver real estate market slowed in October 2026, with both home sales and new listings declining compared with the same time last year.
According to Greater Vancouver REALTORS® (GVR), 2,024 homes sold in October, down 10.2% from October 2025 and 22.5% below the 10-year seasonal average.
At the same time, buyers continue to have relatively strong selection, with 15,688 homes listed for sale across Metro Vancouver.
Here’s a closer look at the October numbers.
Canada’s 2026 Federal Budget proposes expanding access to 30-year insured mortgages, giving more eligible home buyers the option to spread their mortgage payments over a longer amortization period.
For buyers in Vancouver and Metro Vancouver, where home prices can make monthly affordability a major concern, a longer amortization may sound attractive. But a lower monthly payment does not necessarily mean a lower overall cost.
Here’s what home buyers should understand.
The Metro Vancouver real estate market slowed in September, but the headline numbers don’t tell the whole story.
According to Greater Vancouver REALTORS®, 1,717 homes sold in September 2026, down 8.4% from September 2025. However, most of that decline came from the apartment market.
Apartment sales fell 18.6% year-over-year, while detached home sales increased 4.2% and townhouse sales increased 0.6%.
Home prices also continued to adjust. The benchmark price for all residential properties in Metro Vancouver...
Canada’s economy was essentially unchanged in July after three consecutive months of growth. However, real estate, rental and leasing activity increased 0.2% for the sixth month in a row, while construction grew 1.3%. Statistics Canada’s preliminary estimate also points to approximately 0.2% growth in August.
Here in Metro Vancouver, the market continues to send mixed signals. Buyers are cautious, but when the right property comes along, competition can still be strong.
Just recently, I attended a ...
The Bank of Canada has announced that it will maintain its policy interest rate at 2.25%, marking the seventh consecutive rate announcement with no change.
For many Canadians, especially those planning to buy a home or renew a mortgage, one question remains:
What does this decision mean for the housing market?
According to the Bank of Canada, several economic factors continue to influence its decision.
These include:
Inflation remains above the Bank's long-term...
When helping families buy homes in Surrey, one thing Emily often notices is that schools are just as important as the home itself.
Neighbourhoods like South Surrey, Fraser Heights, Fleetwood, and Johnston Heights are popular with families because they offer well-regarded schools with programs such as IB, AP, and French Immersion, along with family-friendly communities.
🏡 A beautiful home matters—but the right neighbourhood and the right school can have an even greater impact on your family's future....
Every year, as summer comes to an end, the real estate market in Metro Vancouver experiences a familiar trend. Many families are eager to complete their home purchase and move before September.
This isn't just about finding a new house—it's about giving children the best possible start to a new school year.
Moving can already be a big adjustment for adults. For children,...
The Metro Vancouver real estate market cooled in July 2026 after showing signs of recovery in June. Residential home sales declined 9.8% compared to the same month last year, while apartment sales recorded the largest drop.
New listings also decreased by 11.5%, reflecting a more cautious approach from sellers. Despite this, active inventory remains approximately 27% above the 10-year seasonal average, giving buyers more options than in recent years.
The benchmark price...
It's one of the most frequently asked questions among real estate investors, and the answer isn't as simple as many people think.
A condo can offer lower maintenance, easier rental management, and access to desirable urban locations. A house may provide more land value, greater flexibility, and long-term appreciation potential depending on the neighbourhood and market conditions.
Instead of focusing only on the property type, investors should consider:
Investment goals
Budget
Rental strategy
Holding period...
Many homebuyers believe they need to see as many properties as possible before making a decision.
However, viewing too many homes can actually make the process more difficult. After dozens of showings, buyers often struggle to remember which property had the better layout, natural light, neighbourhood, or overall value.
A more effective approach is to narrow your search before scheduling showings.
Start by defining:
Your budget.
The neighbourhoods you're most interested in.
The features you truly need....
The Broadway Subway Project has reached an exciting milestone as SkyTrain testing officially begins, bringing the project one step closer to its planned public opening in Fall 2027.
The new Millennium Line extension will connect VCC–Clark Station to Arbutus Street, improving transit access through one of Vancouver's busiest corridors. Once completed, it is expected to reduce travel times, improve connectivity to major employment and education centres, and support future growth across Metro Vancouver....
Khi nhắc đến việc bán nhà, nhiều người thường nghĩ mùa xuân là thời điểm lý tưởng nhất. Tuy nhiên, thực tế cho thấy mùa hè cũng mang đến rất nhiều lợi thế cho người bán, đặc biệt tại Metro Vancouver.
Một trong những ưu điểm lớn nhất của mùa hè là ánh sáng tự nhiên. Những ngày nắng dài giúp không gian trong nhà trở nên sáng sủa, rộng rãi và ấm cúng hơn. Nếu ngôi nhà có sân vườn, ban công hoặc khu vực ngoài trời, đây cũng là thời điểm đẹp nhất để tạo ấn tượng với người mua.
Ngoài ra, nhiều gia đình thường...
When people think about selling a home, spring is often considered the busiest season in the real estate market. However, many homeowners overlook one important fact: summer can be an excellent time to sell a home in Metro Vancouver.
With longer daylight hours, beautiful weather, and active buyers still searching for the right property, summer offers several advantages that can help your home stand out.
One of the biggest benefits is natural light. Bright, sun-filled spaces make a home feel larger,...
JUNE 2026
The Metro Vancouver real estate market continued to show encouraging signs in June 2026, with 2,390 homes sold, representing a 9.6% increase compared to June 2025. While buyer activity is gradually improving, inventory remains relatively high, giving buyers more choices and stronger negotiating power than we've seen in recent years.
For home buyers, today's market presents an opportunity to compare more properties, negotiate better terms, and take the time to find a home that truly fits their...
When most people schedule a home showing, they hope for blue skies and sunshine. Surprisingly, experienced real estate professionals often see rainy days as the best opportunity to evaluate a property.
A sunny day can make almost any home look inviting, but a rainy day reveals how a home truly performs. It gives buyers the chance to identify potential issues that may not be visible in perfect weather.
During a rainy-day showing, pay close attention to the roof, gutters, and drainage around the property....
At first glance, two homes may look almost identical, with similar square footage, the same number of bedrooms, and comparable finishes. Yet one may sell for significantly more than the other. That's because buyers aren't just paying for the home—they're investing in the location, lifestyle, and long-term value it offers. Factors such as the home's position within the neighbourhood, school catchments, proximity to transit and amenities, natural light, layout, renovation quality, and current market...
Burnaby has become one of the most strategically positioned real estate markets in Metro Vancouver in 2026. Buyers frequently search:
Is Burnaby a good place to buy property?
Is Burnaby better than Vancouver?
Should I buy in Burnaby or Coquitlam?
The answer depends on your goals, but here’s why Burnaby stands out.
Burnaby sits directly between Vancouver and the Tri-Cities. With multiple SkyTrain lines, it offers excellent transit connectivity without full Vancouver...
The Metro Vancouver real estate market in May 2026 reflects a calm and balanced environment. While total home sales declined 3.5% year-over-year, price movements remain relatively flat month-over-month, suggesting stability rather than volatility.
The Sales-to-Active Listings ratio sits at 13.1%, positioning the market in neutral territory. Historically, sustained downward pressure on prices occurs below 12%, while strong upward pressure typically requires levels...
Wondering if you should buy a home now or wait for prices to drop in Greater Vancouver? While it is tempting to try and time the market perfectly, waiting on the sidelines can often cost you the perfect property.
As a local Burnaby Realtor, my advice is simple: Don’t wait to buy real estate. Buy real estate and wait.
Here is why the current Greater Vancouver buyer's market is your best window of opportunity.
3 Reasons to Buy in Today’s Market
1. Stronger Negotiating Power
The days of frantic bidding wars...
Many homebuyers assume that lower mortgage rates automatically create better buying opportunities. However, in markets like Metro Vancouver, interest rate reductions often stimulate demand quickly. When rates drop to 3%, buyer confidence typically rises, competition intensifies, and multiple-offer situations return. This can push home prices upward and reduce negotiation leverage.
Conversely, a 4% rate environment with lower competition may offer stronger negotiating power and more favorable...
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
