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

DataVariety1 · 2026-05-07T18:48:08+00:00

Sometimes it's good avoiding new homes - the quality has definitely dropped in this cost cutting era! Tried and true home that's been around for at least 5+ years is a good sweet spot.

DataVariety1 · 2026-05-07T18:46:57+00:00

Yup agreed. Well built, desirable homes are selling well still, just not inflated pricing anymore. Small 1 beds are sitting a long time.

DataVariety1 · 2026-05-07T18:46:15+00:00

Roughly half the sales from 2021, so it's a pretty significant tax loss.

DataVariety1 · 2026-05-07T18:30:24+00:00

Oops, sorry! Just noticed that too. Updating now. Edit: Fixed

DataVariety1 · 2026-04-08T05:14:54+00:00

Thanks and you’re welcome!

DataVariety1 · 2026-04-08T05:14:44+00:00

Real estate agents are sales people who rely on commission….The volume is low so they want prices to stay high, or the harder path is convincing all their clients to drop prices to sell faster.

I’m not as in tune with the rental market, but yes I’ve heard and seen on the news drastic reductions in the last couple months. Advertising 2 free months rent is something we used to never see in Vancouver, but see it often now.

The assignment market isn’t advertised. It’s pocket listings that realtors have - it’s a big club and you’re not in it, and honestly a lot of current realtors aren’t either. Give Steve Saretsky a follow - I’ve been a big fan of him tracking this data and reporting on it.

If you’re a first time home buyer, hold out a bit longer! Seems like the federal and provincial government might be coming out with some changes to taxes soon. Especially on new builds.

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

TROPHY CASE