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.

Housing affordability improves, but RBC says relief may be running its course

Housing affordability in major Canadian markets improved in Q1 2026, with ownership costs falling, especially in Vancouver and Toronto. The national affordability measure dropped to 53%, its best in four years, driven by condo price corrections. However, affordability remains strained, particularly for single-detached homes. Montreal and Quebec City saw worsening affordability due to rising prices. Further relief may depend on income growth as rates and prices stabilize.

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Vancouver Presale Slowdown Signals Supply Shift

Vancouver's 2026 presale slowdown matters because fewer condo launches now can leave fewer completed homes for buyers in the future supply pipeline.
Current resale inventory may look comfortable, but new housing works on a lag; today's pause can tighten Vancouver supply two to three yr later.
Developers are delaying, cancelling, redesigning condo sites as rentals, or waiting for project economics to improve before restarting Vancouver launches in the pipeline.
For buyers and investors, a softer presale market does not automatically mean cheaper homes; smaller future waves may arrive at higher prices.
By 2027 and beyond, missing projects could matter most if demand stabilizes before Vancouver's construction pipeline has fully recovered from today's pause.

Will Vancouver Prices Recover Soon?

Vancouver home prices have remained relatively stable despite affordability challenges and slower overall sales activity.
Limited land availability continues supporting long-term housing demand across the metropolitan region.
Buyers are benefiting from improved inventory levels and greater negotiating opportunities.
Experts anticipate modest price movement until financing conditions become more favorable.

Vancouver Short-Term Rentals Expand for World Cup Visitors

Short-term rental listings in Metro Vancouver rose 11.3% from June 2025 to April 2026, reaching 15,588 listings as the city prepares to host seven FIFA World Cup games. All 16 host cities saw STR growth, with Vancouver ranking fifth. Hotel bookings in June dropped 6.7 percentage points year-over-year, partly due to no citywide conventions and FIFA releasing 15,000 hotel-room nights back to the market.

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Vancouver, BC Starts Could Rise 10%

A federal housing agency says eliminating municipal development charges could make more Vancouver projects financially viable, with housing starts potentially ↑10% overall.
A 50% fee cut would have a smaller, proportional effect, still improving construction viability without requiring full elimination of the municipal charges.
Development charges are municipal fees on new construction, generally used to fund infrastructure and services tied to growth in Vancouver housing projects.
The analysis frames Vancouver as a high-cost market, where tougher project economics make fee relief important for construction feasibility on new homes.
For buyers and renters, the key takeaway: lower upfront municipal costs could help more Vancouver housing projects move from proposal to construction.

Canada Buyers Watch Cautious Mortgage Outlook

Canada’s housing market is heading toward 2026’s second half on softer footing, with fragile buyer confidence and mortgage brokers expecting limited activity changes ahead.
Affordability improved earlier in 2026 across many major markets, but that trend appeared to reverse by Late-Q2, keeping decisions cautious for buyers.
A stronger second half depends on confidence rebuilding, plus clearer trade, geopolitical, and labour signals after Canada added 88K jobs in Mid-Q2.
A central bank rate hold was widely expected, leaving variable-rate relief unlikely in the near term while fixed-rate prospects stayed unclear for mortgage borrowers.
Through year-end, brokers expect more of the same, making careful property-level pricing and financing conversations especially important for Canada’s Real Estate plans.

Global homeownership insights

A global survey of 5,000 homeowners reveals the French lead in DIY repairs, while Americans and Germans excel in home maintenance. Most prioritize functional spaces like utility rooms, garages, and outdoor areas. Living rooms are central in many countries, except the U.S., where dining rooms are favored. Design trends favor natural aesthetics, with Germany preferring rustic styles. The Netherlands leads in solar panel adoption. Preferences vary on renovating versus moving when homes no longer fit.

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