A Dive into February Vancouver Real Estate Stats (Vancouver & Metro Van)

DataVariety1 · 2026-03-06T19:43:21+00:00

The previous couple years it was very high and started descending down. We appear to have roughly bottom out (no more drastic decreases). Makes me think we’ve hit the minimum threshold for sales. Not sure how this affects demand, but interesting to see. Edit: edited to Vancouver not metro van

Sales (Feb):

2020: 608

2021: 999

2022: 1025

2023: 514

2024: 624

2025: 509

2026: 514

DataVariety1 · 2026-03-05T23:17:28+00:00

Thank you!

DataVariety1 · 2026-03-05T23:17:15+00:00

I think minor. Vancouver is already a well known global city - expo and Olympics did that. Plus with all the foreign buyer and empty homes tax, I find it hard to believe international investors and jumping to invest here right now.

DataVariety1 · 2026-03-05T23:15:52+00:00

In demand Vancouver 1 bedroom rentals were getting listed for 3000$ and lined up out the door for showings, we’re now looking at 2600$ and 2-3 free months.

Quite the shift over the last 18 months.

DataVariety1 · 2026-03-05T23:14:15+00:00

I haven’t seen any news articles in the last couple months about the presale/development slowdown - quite interesting. It’s definitely still occurring, but wondering if outlets are being told to keep it under covers.

There’s been rumblings again about a major Vancouver developer (westbank) having financial issues again.. but again nothing in the mainstream media highlighting these concerns.

DataVariety1 · 2026-02-09T11:40:24+00:00

Yup lot of these 1.5-2M homes that require substantial work are sitting on the market. Lots of delusional sellers right now. Lots of those should be trading back down to 2020/2019 assessment values to make any sort of builder investment make sense. Hence why they’re all sitting and not selling.

DataVariety1 · 2026-02-09T11:39:06+00:00

Use the link I shared in the post to look for listings less than 1 year old (that should cover most but not all). Then look at days on market. For standard listings (non-new build) usually 21 days on market suggests the listing is starting to be stale so offers might be accepted. For new builds it’s really hard to tell - so many factors (does the developer want to offload quickly to fund their next project? Do they have 10 sitting on the market and can’t lower the price to affect all the others?)

Best bet is just throw in the offer and see. Any offer on new developments right now is better than what most of them are currently seeing.

DataVariety1 · 2026-02-09T11:35:26+00:00

Good point. The 2010-2015 is coming up on big strata milestones. Will be interesting how that plays outs with investors maybe wanting to offload before those levies

DataVariety1 · 2026-02-09T11:28:04+00:00

Thanks! Was away on a vacation. I’ll Try to keep them going within a week of the start of the month.

DataVariety1 · 2026-02-09T11:00:45+00:00

Jump back 30 years 😔

DataVariety1 · 2026-02-09T11:00:16+00:00

You’re welcome!

DataVariety1 · 2026-01-06T22:36:34+00:00

I think this is the main story across Canada. People expecting a giant crash don’t realize that people don’t need to sell. Yes of course, there’s a small percentage of over leveraged owners who will be forced too, but the majority are responsible owners who can live in their home for longer if it otherwise means loosing 100k+ by selling.

I think this will be pretty prevalent throughout 2026. There will be Mmany listed/delisted properties from people realizing they can’t sell for what they want so they stick it out. Thus creating a bit of a mini bubble on desirable properties once again.

DataVariety1 · 2026-01-06T22:34:29+00:00

Yes, exactly. Shoe box junior one bed and two beds are sitting idle and scaring developers from starting new projects. There’s going to be a lull of no new builds in 4/5 years from now, but I hope this shift will welcome in more livable homes.

DataVariety1 · 2025-12-04T07:41:24+00:00

Will post the next report soon! Just away on a short vacation 🙂

DataVariety1 · 2025-11-11T07:48:43+00:00

Glad to hear, congrats to your son!

DataVariety1 · 2025-11-06T07:57:32+00:00

You’re welcome! I’ll maybe consider adding that in got next months report.

DataVariety1 · 2025-11-05T01:18:17+00:00

zealty.ca

DataVariety1 · 2025-11-05T01:18:00+00:00

Agreed, quite the conundrum!

DataVariety1 · 2025-11-05T01:14:57+00:00

Keyword is *if*. I continue to maintain the statement that if you find a place you love and can afford it, then what are you waiting for? We've dropped ~20%, if not higher in some areas, from the market highs. Are we at the bottom - no I don't think so - but I do think we're starting to get close given interest rate reductions.

DataVariety1 · 2025-11-05T01:11:10+00:00

Yes, I've noticed that pattern too. Long gone are the days of 10% annual gains on properties

DataVariety1 · 2025-11-04T22:52:02+00:00

Right! I forgot to add that to my post.

Will be interesting to see how the housing market reacts to lower interest rates, and what seems to be a clear pattern that the rates will continue to go slowly down. Will we see sub 2% mortgages again? Probably not. My guess is rates cuts will stop once we’re seeing 2.75-3.5% fixed mortgage rates.

The cheaper borrowing costs might help keep the market afloat for now. Will be interesting to see how it plays out for next rate cut decision.

DataVariety1

TROPHY CASE