Polly Reitze Real Estate - PREC, 2416 Marine Drive, West Vancouver, BC (2026)

06/10/2026

Led by slow sales in the apartment segment, home sales registered on the MLS® in Metro Vancouver were down nearly four per cent in May compared to last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,150 in May 2026, a 3.5 per cent decrease from the 2,228 sales recorded in May 2025. This was 26.6 per cent below the 10-year seasonal average (2,930).

“While attached sales held relatively steady and detached sales edged up roughly one per cent in May, apartment sales were down about seven per cent year-over-year, which weighed down the overall sales total,” said Andrew Lis, GVR chief economist and vice-president data analytics. “Even then, apartment sales were not down uniformly across all regions – some of the larger areas such as North and East Vancouver saw increases relative to last year.”

“Price trends across all housing types were flat month-over-month, as a healthy level of inventory easily absorbed the relatively muted level of overall demand in the market,” Lis said. “Year-to-date, sales have come in just shy of our forecast to this point in the year. With demand tracking our forecast so closely, it’s reasonable to expect a calm and orderly summer market, as no obvious near-term catalysts loom over the horizon to move the market significantly in either direction.”

Sales of detached homes in May 2026 reached 660, a 0.9 per cent increase from the 654 detached sales recorded in May 2025. The benchmark price for a detached home is $1,847,900. This represents a 6.9 per cent decrease from May 2025 and a 0.4 per cent increase compared to April 2026.

Sales of apartment homes reached 1,009 in May 2026, a 7.2 per cent decrease compared to the 1,087 sales in May 2025. The benchmark price of an apartment home is $697,800. This represents a 7.9 per cent decrease from May 2025 and a 0.7 per cent decrease compared to April 2026.

Attached home sales in May 2026 totalled 463, a 1.3 per cent decrease compared to the 469 sales in May 2025. The benchmark price of a townhouse is $1,048,200. This represents a 5.1 per cent decrease from May 2025 and a 0.5 per cent increase compared to April 2026.

Please ☎️ me to discuss.

05/22/2026

***SOLD*** 🏡

208 235 KEITH ROAD | West Vancouver

Over 800 SF....PLUS 745 SF patio! 🌼

1 Bed 🛌
1 Bath 🛁
1 Parking 🚗
Huge patio 🌺
Pool and Gardens to enjoy 🏊

Special thanks to Hajivand, my amazing colleague for all the hard negotiation she did - well done!!! 👍 👏 👏 ❤️

We represented the kindest buyers....congratulations!🥰. I can’t wait to see what you do with the your new home!!

This home in Spurway Gardens is the ‘Belle of the Ball’ and very special. Located in the most quiet, beautiful and convenient locations within this garden oasis, this one-bedroom with a private entrance feels like a townhouse. Meticulous and cared for in every way, this owner has lived in and loved this home for 44 years. This is a corner unit, measuring just under 800 sq ft with lots of glorious light and incredible gardens in plain view. The patio…oh my…measures 745 sq ft and is a seamless extension of the interior - absolutely delightful for entertaining guests and for those who love gardening. Spurway offers resort style living complete with a gorgeous outdoor pool, clubhouse and a guest suite. There really is nothing else like this on the North Shore.

estate

☎️ Call us to disucss your next move!! It would be a pleasure to help you!

05/05/2026

April 2026 Greater Vancouver Stats

Buyers and sellers adopting a wait-and-see approach to housing market

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.

“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. 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.”
Andrew Lis, GVR chief economist and vice-president, data analytics

“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.”

☎️ me to discuss your next potential move 🏡❤️🙏

04/08/2026

GVR March 2026 MLS® Housing Market Report

Buyers and sellers adopting a wait-and-see approach to housing market

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.

“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.”

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.”

Contact me to discuss your opportunities!! ☎️ 604.671.7076

04/04/2026

New Listing!

Easter Weekend Open Houses

1175 Haywood Ave, West Vancouver

Saturday April 4th 2:00-4:00
and
Sunday April 5th 2:00-4:00

Stunning Contemporary Ambleside Home
5,089 SF Interior
4 Beds 🛌
1 Office 🖥️
6 Baths 🛀
9,000 SF Lot
Double Car Garage 🚗
So many features - come visit me today for complete list!
Air Conditioning, back up generator, 3 kitchens, wine cellar, sauna, steam shower, balconies off all bedrooms, vegetable garden and room for pool too!!

Perched on a sun-filled 9,000 SF flat lot, this stunning contemporary home offers over 5,000 SF of luxurious living with breathtaking views of Lions Gate Bridge, ocean, Stanley Park, and the North Shore Mountains. Vaulted ceilings and expansive windows flood the home with light, while the open-concept main floor features a chef’s kitchen with secondary kitchen and pantry, wine cellar, and built-in speakers -perfect for entertaining. With 4 bedrooms and 6 bathrooms, including a spa-inspired primary suite with steam shower and sauna, comfort meets elegance. All upstairs bedrooms enjoy private decks and feature en suite bathrooms. The home is equipped with air conditioning, in-floor radiant heating, and a built-in security system for year-round comfort and peace of mind. Generator too!

Easy to show ☎️ Polly 605.671.7076 or Ghazaleh 604.720.1791

03/20/2026

SOLD🏡❤️

#606 5508 Hollybridge Way, Richmond, BC

1 Bed 🛌
1 Den 💕
1 bath 🛀
1 Parking 🚗
1 Storage 🧳

River Park Place 3 by Intracorp offers modern living in Olympic Oval neighbourhood. This 686 sf SOUTH-facing JR 2-bedroom home ft a bright & efficient 1 BR+an OVERSIZED den, ideal for use as a 2nd BR, w/ no wasted space. Big windows bring in abundant natural light. Enjoy morning coffee on the 71 sf balcony w/ views of the iconic Richmond Olympic Oval & a peek-a-boo water view. The contemporary kitchen offers a functional island/quartz countertops/gas cooktop/premium stainless steel appliances+ample cabinetry. Spa-inspired bathroom w/double vanities. Exceptional 2-level amenities include a basketball court/gym/games and karaoke rooms/ a lounge w/ full kitchen/outdoor BBQ areas/putting green & landscaped gardens. Steps to cafés/restaurants/scenic river walks & min. to shopping & Vancouver.

Congratulations to Ghazaleh Hajivand!!! Well done securing this amazing condo for your buyers!!

Please call ☎️ to discuss details we would love to help you make a move too!

Ghazaleh Hajivand
604.720.1791

Polly Reitze, PREC
604.671.7076

engelvolkers

03/10/2026

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.

“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.”

Please ☎️ me!

02/07/2026

GVR January 2026 MLS® Housing Market Report

New year, same housing market in Metro Vancouver

Last year’s market trends continued in January as home sales registered on the MLS® in Metro Vancouver were 28.5 per cent lower than last year, setting the year off to a quieter start.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,107 in January 2026, a 28.7 per cent decrease from the 1,552 sales recorded in January 2025. This was 30.9 per cent below the 10-year seasonal average (1,602).

“On their own, the January sales appear alarming, but it’s important to put these figures in the context of the past few years. Last year ended with one of the lowest sales totals in over two decades, and so it’s not surprising that the January sales figures were fourth slowest in over two decades as well,” said Andrew Lis, GVR’s chief economist and vice-president, data analytics. “Market momentum is a slowly evolving force, and in many ways, the January figures represent a market that continues slowly evolving to what may be a new normal.”

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.

“Our recent 2026 forecast suggests this year is likely to resemble 2025 on many fronts, and we expect sales to remain tepid. When paired with sellers remaining eager to list, inventory will likely remain elevated relative to historical averages and, as a result, we expect prices to finish the year relatively unchanged,” Lis said. “As consumers adjust to the ongoing backdrop of political and economic uncertainty, we expect a degree of pent-up demand to re-enter the market at some point. Whether it will happen in 2026 remains an open question, and we’ll be watching the market closely for signs of improvement.”

Call ☎️ me to discuss further!
604.671.7076

I been busy selling this month! Great start 2026! Call me I’ll let you know all the details!

01/09/2026

2025 saw lowest annual sales total in over two decades
Home sales registered in the Multiple Listing Service® (MLS®) in Metro Vancouver finished the year down 10 per cent, marking the lowest annual sales total in over twenty years.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 23,800 in 2025, a 10.4 per cent decrease from the 26,561 sales recorded in 2024, and a 9.3 per cent decrease from the 26,249 sales in 2023.

Last year’s sales total was 24.7 per cent below the 10-year annual sales average (31,625).
“This year was one for the history books,” said Andrew Lis, GVR’s chief economist and vice-president, data analytics. “Although the sales total was the lowest in over two decades, Realtors were still busy listing properties. Sellers brought the highest total of listings to market on record since the mid-1990s, eclipsing the previous record high in 2008 by a little over 1,000 listings.”

Properties listed on the MLS® in Metro Vancouver totalled 65,335 in 2025. This represents an 8.2 per cent increase compared to the 60,388 properties listed in 2024. This was 28.4 per cent above the 50,893 properties listed in 2023.

The total number of properties listed last year was 13.1 per cent above the region’s 10-year total annual average of (57,782).

“With sales down and inventory remaining plentiful, prices eased across all property types since the start of 2025. Sales and prices weren’t the only metrics that came down, borrowing costs fell nearly one full percentage point,” said Lis. “With lower prices, lower borrowing costs, and plenty of inventory to choose from, homebuyers in 2026 are starting the year with favorable conditions. Whether these conditions translate into a market with stronger demand will be the million-dollar question – and we’ll be monitoring this story closely as it unfolds.”

☎️ me to evaluate your current situation. Love to be of assistance in your next move!! #

Happy 2026 💕🏡🥂. Polly

01/02/2026

New Year…New Assessment Values! 🏡

The 2026 BC Property Assessments are officially out. If you are curious what your home is currently assessed at, you can click the link below.

LOOK AT YOUR BC ASSESSMENT

January 02, 2026 03:00 PM EST
Many British Columbians may see a drop in their 2026 property assessments, according to figures released by BC Assessment Friday.

The assessments, which reflect market value as of July 1, 2025, show that the majority of cities in the Lower Mainland experienced decreases compared to last year.

“The softening housing market is being reflected in 2026 property assessments,” said Bryan Murao, a BC Assessment assessor.

“Many homeowners throughout the Lower Mainland can expect some decreases in assessed value, with most changes ranging between -10 per cent and zero.”

Of the 33 example municipalities and regions listed, 72 per cent (24) saw a drop in benchmark assessed values for single-family homes. Four recorded increases while four remained unchanged.

White Rock saw the largest decline at nine per cent, followed by Richmond, Langley and the University Endowment Lands-an unincorporated area between Vancouver and the University of British Columbia-each down eight per cent. Vancouver, West Vancouver and Coquitlam saw declines of five per cent, while Burnaby fell four per cent.

Single-family home values only rose in four communities in the Lower Mainland: Anmore with a four per cent increase, Harrison Hot Springs rising three per cent, Squamish two per cent and Pemberton one per cent.

The B.C. homeowner grant threshold had been steadily increasing from $1.525 million to the high point of $2.175 million last year before this year’s drop.

The ministry says owners of properties valued above the threshold may still qualify for a partial grant due to the program’s gradual phaseout process.

Homeowners with a dependent child, above the age of 55, widowed or with disabilities can also qualify for other forms of relief such as the B.C. property tax deferment program.

This report by The Canadian Press was first published Jan. 2, 2026.

The Canadian Press January 2, 2025

Please reach out to me to discuss your home’s value 🏡

Polly Reitze Real Estate - PREC

06/10/2026

05/22/2026

05/05/2026

04/08/2026

04/04/2026

03/20/2026

03/10/2026

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