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 Housing Market Adjusts, Creating Future Opportunities
Vancouver housing starts fell 42% in July compared to last year, with 1,810 starts, mainly due to a 44% drop in multi-unit homes. Single-detached starts also declined 13%. Toronto saw a 10% decrease, while Montreal's starts rose 3%, driven by multi-unit construction. Nationally, the annualized housing start rate dropped 5% from June, with multi-unit starts down 6% and single-detached nearly unchanged.
Open Listings Attract More Bidders and Boost Sale Prices
Scarcity increases value only when the limited supply is visible to buyers; hidden or private listings create obscurity, not scarcity, reducing demand and price. Studies show that visible scarcity drives competition and higher prices, while secret reserves or limited awareness lower buyer interest and sale outcomes. Full exposure with a set showing period leverages true scarcity psychology, benefiting sellers by attracting serious buyers and maximizing value.
Stop Ignoring Your Yard: DIY Fixes Under $100 That Could Add Thousands to Your Home Value
Well-maintained yards significantly boost home value, often more than costly interior renovations. Simple, low-cost landscaping projects like spreading mulch, edging lawns, pressure washing driveways, planting perennials, adding solar path lights, painting the front door, seeding bare patches, and removing dead trees can increase property value by thousands. These affordable improvements enhance curb appeal, attract buyers, and yield high returns on investment.
Vancouver Starts Seen Sliding Through 2028
Metro Vancouver Starts Outlook
2026: 26K-27K
2027: 21.9K-25.1K
2028: 20.5K-22K
The outlook pointed to a multi-year supply reset, with condo construction at historic lows and no recovery in housing starts expected before 2028.
The resale market was forecast to turn before construction, with Vancouver sales at 28K-28.8K in 2026 and a partial recovery to 29.8K-32.2K in 2027.
Vancouver Price And Rental Outlook
2026 avg. price: ~$1.16M baseline
Alternative: ~$1.15M
Rental supply arrived, but vacancy tightened toward the mid-3% range
Slower population growth, economic uncertainty, elevated mortgage rates and weak income growth were expected to restrain demand, even as affordability slowly improved in Vancouver.
Building Wealth: How to Invest in Real Estate with Limited Money
You can invest in real estate with minimal capital through options like publicly traded REITs, crowdfunding platforms, house hacking, wholesaling, and seller financing. REITs offer liquidity and income without control, while crowdfunding pools funds for managed projects. House hacking involves living in part of a property and renting out the rest to offset costs. Wholesaling requires contracts and market knowledge, and seller financing allows direct payments to sellers. Research and legal review are essential to manage risks and ensure profitable investments.
Metro Vancouver: July 2026 Sales Cool Again
Early-Q3 brought ~2.1K residential sales, and Late-Q2 momentum did not continue, leaving Metro Vancouver in the familiar holding pattern market watchers described.
Apartments led the pullback in Early-Q3, while detached and attached homes changed less, highlighting where activity softened most across Vancouver, BC recently.
New listings landed near ~5K in Early-Q3, and active inventory held near ~16.5K, keeping Metro Vancouver broadly well supplied for buyers currently.
The composite benchmark sat near $1.09M in Early-Q3, about ~1% below Late-Q2, while overall sales-to-active listings held near ~13% for Vancouver buyers.
Seller slowdown has started trimming inventory, and an economist said the second half could improve a bit, especially for Vancouver's detached market.
Major Home Safety Risks Most People Overlook
Hidden home safety risks include excess water, poor air quality, and aging systems, which often go unnoticed until costly damage occurs. Excess water can cause foundation issues, mold, and pests; monitor areas prone to leaks and use smart leak detectors. Poor air quality from allergens and dust requires regular HVAC filter changes, vent cleaning, and proper ventilation. Aging systems need routine checks and maintenance to prevent emergencies. Create a maintenance checklist with reminders to stay proactive.
