Category: Uncategorized
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Vancouver Housing Market: Signs of Recovery in Mid-Summer
July sales: 2,286, ↓2% YoY, 13.9% below 10-year avg. Benchmark price: $1,165,300, ↓2.7% YoY, ↓0.7% MoM. Active listings ↑19.8% YoY to 17,168; new listings ↑0.8% YoY.
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Vancouver Moves to Rescue Stalled Development and Keep Housing Projects Alive
Vancouver is easing financial pressures on housing projects by allowing deferrals of major municipal fees and Community Amenity Contributions, freeing up working capital during development. The city is also streamlining permitting by deferring utility servicing reviews and freezing fee inflation. These targeted changes aim to stabilize approved projects amid rising costs and slow market conditions,…
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Metro Vancouver 1-Bedroom Rent Prices in Late-Summer
Avg. unfurnished 1-bed now $2,206, ↓ $26 from July Year-over-year, rents ↓ $172 since August 2024 West Vancouver tops at $2,648 for 1-bed; Langley lowest at $1,796 Furnished 1-bed units cost $68 more/mo on avg. West Point Grey/UBC is Vancouver's priciest neighbourhood at $2,849 for 1-bed
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Vancouver Moves to Unblock Stalled Housing
City defers major fees over $500k, freezes inflation indexing, and streamlines permitting steps. These measures aim to safeguard 83,000 planned homes, including 28,900 targeted by 2028.
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Vancouver Condos: Stable Amid Small Dip
1,158 apartment units sold in July, down from 1,192 last year. Benchmark apartment price: $743,700, ↓ 3.2% YoY and 0.6% MoM. Overall residential sales: 2,286, ↓ 2% YoY, 13.9% below 10-year avg. Inventory stable at ~17,000 listings; prices expected to trend sideways short term. Bank of Canada rate hold may support sales amid economic uncertainty.…
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Vancouver: Prices Dip, Buyers Have Options!
Vancouver home sales ↓ 2% in July but signs of recovery are emerging fast. Prices ↓ slightly to $1.16M, but rising sales could soon shift the market balance.
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Vancouver Still Tough Despite Affordability Gains
Homeownership still demands 92.7% of median household income. Affordability has improved for five straight quarters, but remains worse than pre-pandemic. Ownership costs are easing, especially in the condo market. Prices are expected to soften further as buyer conditions improve. Lower rates may help, but confidence hinges on broader economic stability.
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Vancouver: “West Coast Market Adjustment?”
Forecasted 2025 price dip (~1–2%) as more listings hit the market. Buyers retaining leverage; resale-to-new listing ratios remain weak.
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Vancouver 2026-2027: Bounce Back Begins
Home sales expected to rebound, supported by improving economic conditions and easing trade tensions. Average prices may rise slightly as demand returns and inventory remains limited. Rental vacancies to edge higher, but rent increases will continue moderately. Construction activity may pick up, especially in high-density developments. Investor sentiment improving with greater clarity on trade and…
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Vancouver Housing: Boom or Slowdown in 2025?
Market slowdown stabilizes as inventory balances with buyer demand. High construction costs delay new condo projects. Average prices expected to decline slightly. Rental supply grows, easing competition for tenants. Developers adopt a cautious wait-and-see approach.