Vancouver Housing Market Update: Rising Inventory Paired With Signs of Future Tightening

Vancouver's residential real estate market is cooling, with home sales declining for five consecutive months and inventory reaching decade highs. Sales of luxury detached homes have dropped sharply, partly due to reduced foreign investment. Prices have fallen for four straight months. New construction, especially single-family homes, is slowing, potentially tightening future supply. Meanwhile, rental prices are easing amid increased completions and stable population growth.