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.
Residential property values largely increase across Cariboo in 2026
In 2025, property values increased in nearly all Cariboo region areas. Single-family home values rose by 2-14% in most districts, except 100 Mile House, which saw no change. Strata properties in Williams Lake increased by 1%. Overall property classes in Cariboo saw a 4.81% average value increase. Top-valued properties include acreages and lakefront homes exceeding $2 million. Property tax changes depend on value changes relative to class averages.
North Shore Properties Become More Affordable in 2025
Property values in the Lower Mainland, including the North Shore, have declined, with single-family home prices dropping 3-5% and strata homes decreasing about 2%. The total real estate value in British Columbia fell nearly 2.5% to over $2.75 trillion. Market uncertainty stems from tariffs, Indigenous land title rulings, and slow sales, with no major price rebounds expected soon. Despite challenges, the area remains desirable.
2025 Brings More Opportunities for Metro Vancouver Homebuyers
Metro Vancouver's home sales in 2025 hit a 20-year low with about 23,800 sales, a 10.4% drop from 2024 and 25% below the 10-year average. Despite high listings, the market slowdown is driven by economic uncertainty and rapid past price growth, causing buyer hesitation. Prices fell 5% in December 2025 but have since stabilized. Listings reached a record high, with over 65,000 properties listed in 2025. Sales under $500,000 slightly increased.
Vancouver Buyers Gain Leverage as Price Expectations Shift
Vancouver's resale housing market faces challenges from unaffordability, economic uncertainty, and rising listings, leading to price declines. Housing starts are expected to drop 18% by 2030 due to a weaker market and demographic shifts, though major infrastructure projects will support construction. Population decline is anticipated due to reduced international migration, impacting employment growth and tightening the labor market, with moderate growth possible after 2028.
Modest adjustment for Vancouver in 2026.
Price growth remains modest as affordability limits upside despite strong long-term demand fundamentals.
Inventory improves slightly, giving buyers more choice in detached and condo segments.
Investor activity softens while local end-user demand remains resilient.
Sales activity gradually normalizes after slower prior-year performance.
The housing market trends toward balance, with controlled price movements expected through 2026
Vancouver Homes 2026: Invest Or Stay Cautious?
Slide 1:
🏙️ Vancouver’s housing market is healing — slow comeback ahead, but it’s still a buyer’s game.
Slide 2:
💸 Prices may dip a bit in 2026, as high inventory keeps sellers competing hard.
Slide 3:
👥 Slower population growth and lower immigration may cool rental demand, especially for condos.
Slide 4:
🌿 With greener builds and smart designs, 2026 could bring steadier, more sustainable housing growth.
Metro Vancouver cities where rental affordability is improving most
Metro Vancouver rental affordability has improved, with rents for unfurnished one and two-bedroom units dropping 5-10% in Vancouver, Burnaby, and the North Shore compared to last year. One-bedroom rents fell to $2,308 in Vancouver, $2,365 in North Vancouver, and $2,165 in Burnaby. Outside the core, cities like Coquitlam, New Westminster, and Surrey saw even larger decreases, with Surrey offering the cheapest one-bedroom units at $1,785.