Affordability in Vancouver has seen some real improvement lately—buyers are finally getting a bit of relief. But as someone who’s guided clients through the ups and downs of this market for over 30 years, I can tell you: the path to ownership is still far from easy. While we’ve reversed more than half of those sharp affordability spikes from the pandemic, Vancouver remains the country’s most challenging market for home buyers.

Softer labour market conditions across BC have meant that pay hasn’t kept pace, so even as prices have dipped, the affordability boost hasn’t been as strong as many hoped for. You can see this reflected in the numbers: resale activity has slowed, prices have softened across different property types, and inventory is up—giving buyers more choice than we’ve seen in a while.

Looking ahead, we may see home values continue to ease, especially with demand lower and inventory staying high. For those waiting for the right moment, this could mean a little more breathing room. My goal is always to help you navigate these shifts with confidence, understanding what’s happening so you can make the best move for your future in the community you love.