Edward Krasnogolov Недвижимость в Ванкувере и окрестностях

06/15/2026

Housing Market Update (June 2026)

BC Real Estate Association (BCREA) Chief Economist Brendon Ogmundso...

06/11/2026

Sales Struggle Against a Weak Economy
and Rising Mortgage Rates

Vancouver, BC – June 11, 2026. The British Columbia Real Estate Association (BCREA) reports that 6,790 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in May 2026, down 2 per cent from May 2025. The average MLS® residential price in BC in May 2026 was down 1.4 per cent at $945,878 compared to $959,216 in May 2025.

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Total MLS® residential sales dollar volume was $6.42 billion, down 3.4 per cent from the same time the previous year. BC MLS® unit sales were 26.39 per cent lower than the ten-year average for the month of May.

“Rising mortgage rates and a weak labour market continue to constrain activity around the province but especially in the Lower Mainland,” said BCREA Chief Economist Brendon Ogmundson. “The recent rise in mortgage rates presents an unexpected headwind for the market this year and may further delay a recovery in activity.”

Year-to-date, BC residential sales dollar volume is down 8 per cent to $25.1 billion, compared with the same period in 2025. Residential unit sales are down 6.9 per cent year-over-year at 26,681 units, while the average MLS® residential price is also down 1.2 per cent to $941,883.

06/10/2026

Bank of Canada Interest Rate Announcement –
June 10, 2026

The Bank of Canada maintained its overnight policy rate at 2.25 per cent this morning. In the statement accompanying the decision, the Bank noted a dampening of economic conditions since its most recent projections in April, citing weakness in government spending, housing activity, and business investment, accompanied by rebuilding inventories and (somewhat) anomalous increases in imports. However, the Bank expects growth to resume in the second quarter, albeit at a relatively weak pace. As the Iran conflict enters its fourth month, CPI inflation rose to 2.8 per cent in April, largely aligning with the Bank’s expectations as the oil price shock places severe pressure on energy prices. However, the Bank has found limited evidence of broad pass-through of higher oil prices into other products, as core inflation remains around 2 per cent, which is a leading factor in the Bank’s policy response to the conflict. Taken together, inflation is still expected to remain around 3 per cent before moderating towards 2 per cent over time. As a result, the Bank is continuing to look through the short-term impact of the conflict on headline inflation, but stands ready to adjust its policy rate if there are signs of persistence and transmission into the prices of other goods.

Weaknesses in the Canadian economy and labour market paired with inflationary pressure from the Iran War continue to place the Bank of Canada in an increasingly difficult position. Central Banks traditionally respond to supply shocks akin to the closure of the Strait of Hormuz by evaluating their duration and depth. While temporary spikes in commodity prices can be looked through if policymakers believe their effects will fade, persistent increases in energy costs are more likely to permeate through the economy and affect inflation expectations, forcing a policy response. Under that circumstance, the Bank of Canada may be compelled to raise its policy rate despite domestic weaknesses, creating a stagflationary economic backdrop. Thus far, the Bank has held its policy rate since the outset of the Iran conflict, as inflation has not (yet) spiked to projected levels. However, should subsequent CPI prints show rapid price acceleration, the Bank would be largely cornered into responding with tighter policy to quell further inflation.

That said, we do expect the Bank to look through this supply shock and hold its policy rate at 2.25 per cent this year. However, if growth and inflation follow the Bank’s current outlook, we anticipate the policy rate will rise back to the midpoint of the Bank’s neutral range, 2.75 per cent, by the end of 2027.

06/05/2026

GVR Stats Centre Reports - May 2026

05/07/2026

Diverging trends widen as detached housing gains steam.

Home sales registered on the MLS® in Metro Vancouver remain relatively flat compared to April last year, but a divergence is emerging between market segments.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,110 in April 2026, a 2.5 per cent decrease from the 2,163 sales recorded in April 2025. This was 22.9 per cent below the 10-year seasonal average (2,735).

“Last month we noted that a divergence was emerging between sales trends in the detached and multi-family segments, which continued in April,” said Andrew Lis, GVR chief economist and vice-president data analytics. “Sales of detached homes have been gaining year-over-year, while sales in the multi-family segment have declined, and this pattern is consistent across most areas. The fact this pattern is so broad-based reduces the likelihood what we’re seeing is just a blip in the data since the momentum isn’t isolated to small pockets of the market.”

There were 6,684 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in April 2026. This represents a 2.4 per cent decrease compared to the 6,850 properties listed in April 2025. This was 15.5 per cent above the 10-year seasonal average (5,785).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,236, a 0.2 per cent increase compared to April 2025 (16,207). This is 37.9 per cent above the 10-year seasonal average (11,773).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for April 2026 is 13.5 per cent. By property type, the ratio is 11.3 per cent for detached homes, 15 per cent for attached, and 14.7 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“While it’s not always the case, there have been periods where the detached segment has acted as a bellwether of market sentiment, and it’s a question whether this time around this might be the case,” Lis said. “Prices across all segments remain relatively flat month over month as inventory levels remain sufficient to keep price escalation at bay. But with the detached segment picking up steam heading into the full swing of spring, it may only be a matter of time until the multi-family segments follow suit, which would slowly draw down standing inventory levels unless a surge of sellers come to market with their properties. We’ll be watching the next few months of data closely to see if pent-up demand re-enters the market heading into summer.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,098,000. This represents a 6.9 per cent decrease over April 2025 and a 0.6 per cent decrease compared to March 2026.

Sales of detached homes in April 2026 reached 659, a 14 per cent increase from the 578 detached sales recorded in April 2025. The benchmark price for a detached home is $1,840,700. This represents an 8.3 per cent decrease from April 2025 and a 0.8 per cent decrease compared to March 2026.

Sales of apartment homes reached 1,009 in April 2026, a 10.7 per cent decrease compared to the 1,130 sales in April 2025. The benchmark price of an apartment home is $703,000. This represents a 7.9 per cent decrease from April 2025 and a 0.5 per cent decrease compared to March 2026.

Attached home sales in April 2026 totalled 433, a two per cent decrease compared to the 442 sales in April 2025. The benchmark price of a townhouse is $1,043,400. This represents a 5.1 per cent decrease from April 2025 and a 0.4 per cent decrease compared to March 2026.

04/29/2026

Bank of Canada Interest Rate Announcement –
April 29, 2026

The Bank of Canada maintained its overnight policy rate at 2.25 per cent this morning. In the statement accompanying the decision, the Bank noted that although the Iran war has led to sharply higher oil prices, the outlook for Canadian economic growth is relatively unchanged, as higher prices for Canadian oil exports are offset by the impact of elevated gasoline prices on consumers. On inflation, the Bank expects CPI to breach 3 per cent in April before easing back to 2 per cent by 2027. While there are no signs yet of high energy prices feeding through to broader prices, the Bank is closely monitoring the persistence and magnitude of the pass-through from the oil shock to inflation and, while looking through the current impact, stands ready to act to keep prices stable.

The weak Canadian labour market and decelerating core inflation that currently characterize the economic environment would normally signal that the Bank of Canada should begin thinking about lowering its policy rate. The spike in oil prices, however, has complicated matters. A supply shock of this nature forces central bankers into an uncomfortable trade-off. Higher energy costs risk feeding into broader inflation expectations—an argument for vigilance—even as the underlying economy shows signs of fatigue. A large and persistent shock risks becoming embedded in expectations, as occurred during the pandemic-era supply disruptions. A temporary shock may not warrant a policy response. Yet the Bank’s credibility is not unscarred: its delayed response to rising inflation during COVID remains fresh in the public mind, a reminder that waiting too long can prove costlier than acting too soon.

The Bank’s communication this morning reflects the complexity of the current situation. While the Bank expects the impact of the Iran war to be temporary and limited, we could see more hawkish policy if that proves not to be the case.

04/11/2026

GVR's March 2026 MLS® market insights video

04/08/2026

Stats Centre Reports - March 2026
Condos and townhouses are in the balanced market,
the Houses are in the Buyer's market

03/18/2026

Bank of Canada Interest Rate Announcement –
March 18, 2026

The Bank of Canada maintained its overnight policy rate at 2.25% this morning. In the statement accompanying the decision, the Bank noted that the war in the Middle East has increased volatility and heightened risks in the global economy but the Bank still expects the Canadian economy to grow modestly in 2026 though the labour market remains soft and growth looks to be weaker than expected in Q1. On inflation, the Bank expects the sharp increase in energy prices to push CPI inflation higher in coming months.

Absent a U.S. war with Iran and its knock on effects on oil prices and other downstream costs, there is a strong case for the Bank of Canada to be lowering its policy rate. Core inflation continues to decelerate, with three month measures falling again in February and now averaging just over 1%. Economic growth is likely to come in below the Bank’s somewhat optimistic Q1 forecast, and Canada just recorded its weakest month for employment growth since 2022. Instead, the Bank will need to assess the inflationary impulse from a potential supply shock and the risk of pass through to inflation expectations, which argues for some degree of caution. Most estimates suggest that an extended period of high oil prices could add 1% to inflation, potentially pushing growth in consumer prices back to over 3%. While it is possible that the Bank would look through a temporary shock to prices and react instead to a weakening economy, the situation is currently too uncertain for there to be any strong conviction in a policy direction.

03/12/2026

Market Activity Flounders
Throughout the Province

Vancouver, BC – March 12, 2026. The British Columbia Real Estate Association (BCREA) reports that 4,516 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in February 2026, down 9.7 per cent from February 2025. The average MLS® residential price in BC in February 2026 was down 2.9 per cent at $932,243 compared to $960,572 in February 2025.



Total MLS® residential sales dollar volume was $4.21 billion, down 12.3 per cent from the same time the previous year. BC MLS® unit sales were 32.87 per cent lower than the ten-year average for the month of February.

“Housing market activity continues to struggle, with sales declining from every region in the province compared to the same time last year,” said BCREA Chief Economist Brendon Ogmundson. “We hope that improved affordability conditions in most regions and stable rates will motivate prospective demand to enter the market and drive stronger sales activity over the rest of the year.”

Year-to-date, BC residential sales dollar volume is down 17.8 per cent to $7.3 billion, compared with the same period in 2025. Residential unit sales are down 15.8 per cent year-over-year at 7,832 units, while the average MLS® residential price is also down 2.4 per cent to $929,323.