05/09/2026
๐ Metro Vancouver Real Estate Market Update ๐
Home prices across Vancouver, Burnaby, and Richmond have declined compared to this time last year โ creating opportunities for buyers entering the market.
๐ก Key Highlights (1-Year Change):
โข Vancouver West detached homes saw the largest price drop at -11.6%
โข North Burnaby townhomes are holding up the strongest at +0.9%
โข Condo prices across these areas declined between 5.6% to 9.3%
๐ We are currently in a buyerโs market, which means:
โ More inventory to choose from
โ More negotiating power for buyers
โ Better opportunities compared to the peak market
If youโve been waiting on the sidelines for prices to soften, this may be the window youโve been looking for.
๐ฌ What do you think โ would you buy now, or wait longer for the market to change further?