David’s Real Estate Blog

Drawing on nearly 30 years of experience in Greater Vancouver and the Fraser Valley, I share the market insights, strategies, and local knowledge you need to make your next move with confidence.

David’s Real Estate Blog

Drawing on nearly 30 years of experience in Greater Vancouver and the Fraser Valley, I share the market insights, strategies, and local knowledge you need to make your next move with confidence.

Happy Women’s Day

International Women's Day, also known as IWD for short, grew out of the labour movement to become a recognized annual event by the UN.It all started in 1908 when 15K women marched through NYC demanding shorter working hours, better pay and the right to vote.
Things were made official in 1975 when the United Nations started celebrating the day.
International Women's Day has become a date to celebrate how far women have come in society, in politics and economics.
While the political roots of the day mean, strikes and protests are organized to raise awareness of continued inequality.

Delayed Construction May Cause B.C. Home Prices to Surge 27% by 2032

British Columbia faces a housing market challenge with over 7,000 unsold homes due to weak construction and stalled pre-sales. Rising construction costs and project cancellations contribute to supply shortages. If demand rebounds without increased development, home prices could rise by 27% by 2032. Policy changes like expanding GST exemptions, reassessing foreign buyer rules, and reducing development charges are needed to improve supply and affordability.

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Vancouver Housing Outlook 2026 Reset

Vancouver housing enters 2026 balanced, with sales gradually improving while prices remain soft amid affordability constraints and elevated inventory levels.

Lower interest rates may attract sidelined buyers, but price growth is expected to lag national averages through most of 2026.

Market conditions favor patient buyers, with negotiation leverage improving and fewer bidding wars compared with prior peak years nationally recently.

Overall outlook suggests stabilization rather than rebound, as confidence rebuilds slowly and economic uncertainty tempers aggressive demand across the region.

Metro Vancouver Sees New Opportunities as Home Sales Adjust

Home sales in Metro Vancouver totaled 1,107 in January 2026, down 28.7% from a year earlier and nearly 31% below the 10-year average. New listings fell 7.3% to 5,157, but inventory rose nearly 10% to 12,628 homes. The benchmark price was $1.1 million, down 5.7% year-over-year. Sales declines were seen across apartments, detached, and attached homes. Elevated inventory and economic uncertainty are expected to keep prices stable with tepid sales throughout 2026.

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South Delta Real Estate Shows Room for Future Growth

Home sales in Metro Vancouver in January 2026 were 28.5% lower than the previous year and 30.9% below the 10-year seasonal average, continuing a trend of sluggish market activity. Listings increased by 9.9% from January 2025 and are 38% above the 10-year average. Benchmark prices for single-detached houses, townhouses, and condos in Ladner and Tsawwassen declined year-over-year, with decreases ranging from 2% to 8%.

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