Brian C Chung Personal Real Estate Corporation

06/03/2026

https://mailchi.mp/91f7ddd87241/q1-2026-vancouver-market-update-brian-c-chung-prec-jan-feb-mar

05/19/2026

-- April 2026 GVR Market Stats --

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.

04/20/2026

Congratulations to my client T on recently completing this beauty of a home. Top floor 2 bedroom and 2 bathroom by Polygon.

The building showcases charcoal brickwork and dark, dramatic accents. Contemporary interiors feature sleek kitchens with integrated appliances, engineered stone countertops and a 5-burner gas cooktop. Spa-inspired ensuites focus on relaxation.

-Gourmet kitchens with stainless steel appliances, including a gas cooktop and an integrated fridge and dishwasher
-Spa-inspired ensuites, complete with luxurious showers with integrated bench seating and a hand-held wand
-Rich laminate wood flooring runs throughout the main living areas
-Overheight, 9-foot ceilings in the main living areas
-A private terrace complete with a firepit, integrated wood seating and lush landscaping
-Fully-equipped, residents-only fitness studio
-The New Harry Jerome Community Recreation Centre is a few blocks away
-Breathtaking views of Lions Gate bridge and North Shore mountains

If you, a friend or family member is looking to move. This cannot be a better time to upsize or move into that dream neighbourhood. Let’s chat - Brian 604-897-6880.

04/09/2026

-- February 2026 Greater Vancouver Real Estate Market Stats --

New normal for Metro Vancouver’s housing market continues
Metro Vancouver home sales registered on the MLS® in February continued the recent trend of slower-than-average sales, seeing a ten per cent decline over the same period last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,648 in February 2026, a 9.8 per cent decrease from the 1,827 sales recorded in February 2025. This was 28.7 per cent below the 10-year seasonal average (2,310).

“With each passing data point, the pace of sales running well-below long-term averages are no longer a surprise – it’s become the new norm,” said Andrew Lis, GVR chief economist and vice-president data analytics. “A surprising finding this February, however, is that home sellers appear less eager to list their homes relative to last year with new listings down about seven percent, mostly driven by fewer listings in the apartment segment.”

There were 4,734 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2026. This represents a 6.4 per cent decrease compared to the 5,057 properties listed in February 2025. This was 7.1 per cent above the 10-year seasonal average (4,421).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 13,545, a 6.3 per cent increase compared to February 2025 (12,744). This is 37 per cent above the 10-year seasonal average (9,886).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for February 2026 is 12.6 per cent. By property type, the ratio is nine per cent for detached homes, 16.6 per cent for attached, and 14.1 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.

“With fewer sellers coming to market with their properties than last year, a pick-up in demand heading into the spring could result in a stagnation of standing inventory, which may support prices around current levels,” Lis said. “With sales slightly outpacing our 2026 forecast year-to-date, the spring market will be the litmus test of whether we continue along this new normal, or if we see any significant surprises.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,100,300. This represents a 6.8 per cent decrease over February 2025 and a 0.1 per cent decrease compared to January 2026.

Sales of detached homes in February 2026 reached 427, a 10.5 per cent decrease from the 477 detached sales recorded in February 2025. The benchmark price for a detached home is $1,835,900. This represents an 8.8 per cent decrease from February 2025 and a 0.8 per cent decrease compared to January 2026.

Sales of apartment homes reached 824 in February 2026, a 15.6 per cent decrease compared to the 976 sales in February 2025. The benchmark price of an apartment home is $708,200. This represents a 6.8 per cent decrease from February 2025 and a 0.5 per cent increase compared to January 2026.

Attached home sales in February 2026 totalled 387, a 7.8 per cent increase compared to the 359 sales in February 2025. The benchmark price of a townhouse is $1,046,100. This represents a 5.6 per cent decrease from February 2025 and a 0.3 per cent increase compared to January 2026.

04/09/2026

-- March 2026 Greater Vancouver Real Estate Market Stats --

Home sales registered on the MLS® in Metro Vancouver continue evolving at a pace similar to last year, with the sales down roughly three per cent from last March.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,032 in March 2026, a 2.8 per cent decrease from the 2,091 sales recorded in March 2025. This was 31.8 per cent below the 10-year seasonal average (2,981).

“Year-to-date, sales are tracking our forecast for the year closely, and the weakness in demand we continue to observe at the aggregate level is unsurprising,” said Andrew Lis, GVR chief economist and vice-president data analytics. “What’s interesting is that the aggregate total masks an emerging divergence among market segments. While the multifamily segment continues to see slower sales, the detached segment may be awakening with sales up, and new listings down from last year.”

There were 5,792 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2026. This represents a 10.3 per cent decrease compared to the 6,455 properties listed in March 2025. This was 4.9 per cent above the 10-year seasonal average (5,521).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,774, a 1.6 per cent increase compared to March 2025 (14,546). This is 38 per cent above the 10-year seasonal average (10,704).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for March 2026 is 14.2 per cent. By property type, the ratio is 11 per cent for detached homes, 17.2 per cent for attached, and 15.7 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.

“We continue to see fewer sellers stepping into the market than last year, which is keeping inventory levels relatively flat. Pairing this dynamic with sales remaining below long-term averages, we’re not seeing prices move significantly in either direction,” Lis said. “And while the political uncertainty over tariffs may have diminished relative to what we saw in early 2025, the conflict in the middle east is now putting upward pressure on bond yields and fixed mortgage rates.

“As a result, it’s reasonable to expect there may be a dampening effect on demand as we head into the spring market, absent a swift resolution to the conflict.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,104,300. This represents a 6.8 per cent decrease over March 2025 and a 0.4 per cent increase compared to February 2026.

Sales of detached homes in March 2026 reached 571, an 8.3 per cent increase from the 527 detached sales recorded in March 2025. The benchmark price for a detached home is $1,854,800. This represents an 8.2 per cent decrease from March 2025 and a 1 per cent increase compared to February 2026.

Sales of apartment homes reached 999 in March 2026, a 7.8 per cent decrease compared to the 1,084 sales in March 2025. The benchmark price of an apartment home is $706,700. This represents a 7.8 per cent decrease from March 2025 and a 0.2 per cent decrease compared to February 2026.

Attached home sales in March 2026 totalled 446, a 5.5 per cent decrease compared to the 472 sales in March 2025. The benchmark price of a townhouse is $1,047,100. This represents a 5.7 per cent decrease from March 2025 and a 0.1 per cent increase compared to February 2026.

04/09/2026

--Q4 and Year End 2025 - Commercial Insights for Greater Vancouver--

Slowest year for commercial transactions since 2009
Despite pockets of resilience in a few asset classes throughout the year, commercial transactions were down eight per cent overall in 2025, relative to the 2024 total.



The Greater Vancouver REALTORS® (GVR) reports that commercial real estate transactions in the region totaled 1,335 in 2025, an 8.3 per cent decrease from the 1,456 sales recorded in 2024.



The total dollar volume of commercial transactions in the Lower Mainland for 2025 was $7.466 billion, a 23.2 per cent decrease from $9.723 billion in 2024.



“Our 2025 forecast had not anticipated any significant gains for commercial transactions overall, and the 2025 data shows that economic headwinds continued to challenge the commercial market,” said Andrew Lis, GVR chief economist and vice-president data analytics. “Considering that numerous uncertainty-inducing events transpired globally throughout 2025, this decline in overall transaction volumes is relatively modest when placed in context, and it’s worth noting a few asset classes saw increased transaction volumes relative to the previous year.”



Annual sales and dollar volume totals for 2025 for each asset class were as follows:



Land: There were a total of 212 commercial land sales in 2025, a 48.5 per cent decrease from the 412 land sales in 2024. The dollar volume of land sales was $1.778 billion in 2025, a 59.5 per cent decrease from $4.385 billion in 2024.



Office: There were a total of 367 office sales in 2025, a 58.2 per cent increase from the 232 office sales in 2024. The dollar volume of office sales was $2.037 billion in 2025, a 128.8 per cent increase from $890 million in 2024.



Retail and Other: There were a total of 352 commercial retail & other sales in 2025, a 10.7 per cent increase from the 318 sales in 2024. The dollar volume of retail sales was $1.601 billion in 2025, a 20.4 per cent increase from $1.330 billion in 2024.



Industrial: There were a total of 343 industrial sales in 2025, a 15.7 per cent decrease from the 407 industrial sales in 2024. The dollar volume of industrial sales was $1.300 billion in 2025, a 29.0 per cent decrease from $1.830 billion in 2024.



Multi-Family: There were a total of 61 multi-family sales in 2025, a 29.9 per cent decrease from the 87 multi-family sales in 2024. The dollar volume of multi-family sales was $751 million in 2025, a 41.7 per cent decrease from $1.288 billion in 2024.



“With an historic high of unsold newly completed units, land transactions finished the year down nearly 50 per cent, signalling the development community anticipates poor economics for development feasibility over the coming years,” Lis said. “By contrast, asset classes such as retail and office saw higher transaction volumes over the previous year, with dollar volumes for office transactions spiking, largely as a result of the $1.2 billion dollar sale of the Post building at 658 Homer in downtown Vancouver.”

Q4 2025 activity by asset class
There were 353 commercial real estate transactions in the Lower Mainland in Q4 2025, a 8.3 per cent increase from the 326 sales in Q4 2024.



The total dollar volume of commercial real estate transactions in the Lower Mainland was $2.408 billion in Q4 2025, a 7.7 per cent increase from $2.235 billion in Q4 2024.



Land: There were 52 commercial land sales in Q3 2025, which is a 20 per cent decrease from the 65 land sales in Q3 2024. The dollar value of land sales was $432 million in Q3 2025, a 42.6 per cent decrease from $753 million in Q3 2024.



Office: There were 83 office sales in the Lower Mainland in Q3 2025, which is a 219.2 per cent increase from the 26 sales in Q3 2024. The dollar value of office sales was $190 million in Q3 2025, a 3.3 per cent increase from $184 million in Q3 2024.



Retail and Other: There were 80 retail & other sales in the Lower Mainland in Q3 2025, which is a 66.7 per cent increase from the 48 sales in Q3 2024. The dollar value of retail sales was $244 million in Q3 2025, a 10.1 per cent decrease from $272 million in Q3 2024.



Industrial: There were 73 industrial land sales in the Lower Mainland in Q3 2025, which is a 102.8 per cent increase from the 36 sales in Q3 2024. The dollar value of industrial sales was $276 million in Q3 2025, a 79 per cent increase from $154 million in Q3 2024.



Multi-Family: There were 19 multi-family land sales in the Lower Mainland in Q3 2025, which is a 26.7 per cent increase from 15 sales in Q3 2024. The dollar value of multi-family sales was $270 million in Q3 2025, a 22.3 per cent decrease from $348 million in Q3 2024.



“On a quarterly basis, overall transaction levels held relatively steady rising two percent quarter-over-quarter, with gains in the retail, office, and industrial segments offsetting declines in other asset classes,” Lis said. “Bond yields have risen in recent months amid global turmoil, raising the risk of dampened commercial transactions in the near-term as borrowing costs increase. Even if tensions ease, borrowing costs are unlikely to return to pre-pandemic levels, and we expect this to continue constraining commercial activity through 2026 in a manner similar to what we observed throughout 2025.”

DM if you want to get the report - let's chat! (604) 897-6880 Brian

03/18/2026

SOLD! 🥂 15 years in the making.

Big congrats to RB and ML on the successful sale of their investment property! And a high-five to Keturah () for helping her buyers land this stunning sub-penthouse. Those views are officially spoken for! ☁️🏙️

Timing the market is hard. Strategy is easy. If you’re wondering if now is the right time for your next move, let’s look at the data together and build a plan that works for you.

👇 Let’s connect: 604-897-6880 | Brian

03/13/2026

Congratulations to everyone involved with the sale of this home. Thank you to my client for placing your trust in my hands, this market is challenging in every way and you stuck it out with me.

A big big thank you to Nova Koocher from Oakwyn Realty Ltd. for being a real professional on the other side. The irony about this sale, is that one of my clients purchased from Gavin and Nova a few years ago in the same community!

Do you want to sit down and strategize about your next move? Let’s have a chat - Brian 604.897.6880.

03/02/2026

Q4 2025 VANCOUVER MARKET UPDATE with Brian -

Q4 marked the culmination of a historic year for Metro Vancouver real estate. The final three months of 2025 solidified a buyer-friendly market characterized by the highest inventory levels seen in over a decade and the lowest annual sales total in over twenty years. Despite multiple Bank of Canada....

02/28/2026

**NEW TO MARKET**

2 bed + 2 bath + den + flex/solarium
Size - 836 SF
1 parking
1 storage

Sub-Penthouse living at its finest! Elevated on the 36th floor of a prestigious Concord Pacific building, this 2-Bedroom + Den + Flex residence offers breathtaking, panoramic views of False Creek, North shore mountains, & city skyline. While brand-new flooring was installed throughout in 2023, the rest of the unit remains a prime “blank canvas” awaiting your modern design vision.

This is a rare opportunity to bring your renovation ideas and transform a high-altitude gem into a contemporary masterpiece. The functional floor plan is bathed in natural light, framing some of the best vistas the city has to offer. Residents enjoy world-class, resort-style amenities: 24-hour concierge, indoor pool, hot tub, theatre, billiards room and a fully equipped gym. The package is complete with one secure parking stall and one storage locker.

Whether you are an investor or a homeowner looking to build significant equity in a premier location, this is your chance to own a piece of the sky. Your journey starts here!

R3092462
Listed by: Oakwyn Realty Ltd.
Asking: $929,000