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.
Vancouver Condo Market Sees Boost With $3.2B Support
A report from a real estate market intelligence unit highlights a significant condo market collapse in Vancouver, with sales down 26% from the ten-year average and prices falling. The government plans to buy over 2,200 unsold condos amid this decline, but critics argue this bailout props up inflated prices and hinders market correction, preventing improved affordability for young buyers. A political campaign opposes the bailout, urging the market to self-correct without taxpayer intervention.
B.C. Joins Expanded Greener Homes Support
British Columbia joined the first expansion of the federal greener homes affordability program, extending support for no-cost home-energy retrofits to eligible households provincewide.
In BC, the funding expanded an existing conservation assistance program, delivered through a utility partnership to serve low-income homeowners and tenants across BC.
Eligible BC residents can receive no-cost home-energy retrofits, including heat pumps, dual-fuel systems, and other upgrades designed to improve household energy efficiency.
The program is delivered in co-ordination with the province and utility partners, linking federal funding with existing BC energy-assistance infrastructure for households.
The BC extension centered on low-income households, offering energy-saving home improvements at no cost rather than requiring upfront spending from local residents.
Happy Long Weekend!
The Civic Long Weekend is that magical time when emails mysteriously stop being urgent and everyone suddenly becomes an outdoor enthusiast with barbecue ambitions.
It’s the official season of “quick getaway” plans that somehow involve more traffic than the entire workweek combined, plus snacks bought in emergency bulk.
Parks, beaches, and backyards transform into competitive zones for grilling skills, loud laughter, and pretending Monday does not exist yet.
Happy Civic Long Weekend! May your plans be easy, your food be grilled just right, and your return to reality feel slightly less painful than expected.
BC Resale Market Eyes Second-Half Momentum
BC’s resale market was expected to gain better sales momentum in the second half of 2026, though activity levels were still forecast to stay low.
That improved outlook partly reflected a rebound from a weaker-than-expected first half, helped by pent-up demand and closer price expectations between buyers and sellers.
Recent affordability improvements were expected to support rising BC sales activity next year, but overall sales levels were still likely to trail 10-yr averages.
BC avg. prices were expected to move sideways in the near term, as buyer-friendly supply-demand balances continued weighing on valuations and keeping growth soft.
BC’s second-half price outlook was upgraded as higher-priced properties were expected to outperform, while condo prices in key markets were expected to remain under pressure.
Vancouver: Canada’s Top Destination for Premium Living Experiences
A study found Vancouver to be the most expensive Canadian city for balancing rent and vacation costs, with renters spending about 33% of income on rent and 69% when adding vacation expenses. Other B.C. cities like Kelowna, Victoria, Kamloops, and Nanaimo also have high combined housing and vacation costs, ranging from 58% to 61% of median income. Many B.C. residents face a "pre-spent paycheque cycle," committing most income before payday.
Decarbonization at scale where it really matters: your real estate portfolio
Grade A commercial properties face increased scrutiny as climate risk affects asset valuations and tenant demand for sustainable buildings grows. Decarbonization is shifting to portfolio-level strategies focused on reducing emissions and improving building performance to cut costs. Data fragmentation hinders progress, but unified AI-powered platforms enable operators to benchmark, track, and optimize energy use, potentially reducing energy consumption by 30% and emissions by 68%.
Vancouver Home Sales Rise in June
In Late-Q2, Vancouver, BC recorded ~2.4K home sales, ↑near 10% yearly, with stronger demand across all home types than a year earlier.
Even with stronger activity, sales remained ~12% below Vancouver's 10-yr seasonal avg., showing buyers were more active while overall pace stayed historically moderate.
The composite benchmark for Vancouver residential properties was ~$1.1M in Late-Q2, ↓~6% yearly and essentially flat from Mid-Q2, signaling stable recent pricing.
New listings reached ~5.9K in Late-Q2, ↓~6% yearly but ~6% above Vancouver's 10-yr avg., giving buyers a broader selection to consider now.
Total inventory was ~17K homes in Late-Q2, ↓~3% yearly yet ~30% above Vancouver's long-term avg., while an economist saw early shift potential.
