In Metro Vancouver’s late Q3 real estate market, it was apartment sales that truly set the tone for a softer performance. Of the 1,700 total residential sales, 777 were apartments, while detached homes and attached properties saw 575 and 358 sales, respectively. This shift highlights where buyers were most active, and where opportunities may be emerging.

With 5,900 new properties listed and a total inventory of 16,400 homes, buyers found themselves with more choices and the ability to compare options across different property types—something I always encourage for my clients seeking the perfect fit. The composite benchmark price landed at $1.08 million, a figure shaped largely by end-users making moves, while investors appeared to be watching for more ideal conditions.

As someone who values responsiveness and attention to every detail, I see these numbers as a sign that understanding both the current market and your specific needs is more important than ever. Whether you’re a first-time homebuyer, a seasoned investor, or simply exploring your next move, having the right guidance matters. And as always, location remains key in every real estate decision.

Halloween falls on October 31 because the ancient Gaelic festival of Samhain, considered the earliest known root of Halloween, occurred on this day.
In the eighth century, Pope Gregory III designated November 1 as a time to praise all saints.
Soon, All Saints' Day incorporated some traditions of Samhain and the evening before was known as All Hallows Eve, and later Halloween.
Over time, Halloween evolved into a day of activities like trick-or-treating, carving jack-o-lanterns, festive gatherings, donning costumes and eating treats.
Today’s the day to eat candies and sweets to your heart’s content! Happy Halloween!

Late in Q3, Vancouver saw 2,300 home sales—activity that remained below the city’s long-term averages as both buyers and sellers continued to navigate the evolving market landscape. For those searching for their ideal home, the good news is that new supply improved, with 5,400 newly listed homes and 11,400 active listings, which means more options to explore. The benchmark residential price held steady at approximately $1.2 million, as the boost in inventory helped ease upward price pressures. According to a board economist, the market pace has been steady, and we’re seeing buyers and sellers adapting as the environment gradually shifts toward greater balance. This balance brings welcome opportunity: more choice for buyers, and price stability for sellers—qualities that make for smoother transactions. I always keep a close watch on these shifts to help my clients—whether first-time buyers or experienced investors—make informed decisions and achieve their property goals efficiently and confidently.

Metro Vancouver’s real estate market is showing some distinct shifts this late Q3. Apartment sales have dropped by about 19%, contributing to an overall decrease of 8% in home sales compared to last year, and sitting 25% below the 10-year seasonal average. Interestingly, detached and attached homes have remained more resilient, highlighting clear differences between property types across our region.

New listings are down 10% year-over-year to 5,900, but still sit about 6% above the 10-year average. Active inventory reached 16,400 homes, which is 24% higher than what we typically see long-term. The sales-to-active listings ratio hovers around 11%, just under the 12% threshold often linked to ongoing price pressure in Vancouver’s history. Benchmark prices are near $1.08M, a 6% decrease year-over-year, with all segments collectively down about 3% since the start of the year.

Helping clients navigate such a nuanced market is where attention to detail truly matters. With my background in accounting and a passion for matching buyers and sellers in the right location, I’m committed to ensuring every move is a step toward your goals—whether you’re a first-time buyer, a seasoned investor, or simply exploring your next chapter.

As someone who has guided clients through many market cycles, I’m seeing Vancouver’s real estate landscape experience a meaningful adjustment. Over the past year, home prices have dipped about 10%, and if we look back to the 2022 peak, values are now down roughly 20%. This cooling follows a period of rapid increases, and it’s clear today’s market is operating at a different pace. With inventory on the rise, slower economic growth, and the possibility of further rate hikes, the short-term outlook likely means prices will remain steady rather than bounce back right away. For those considering their next move—whether buying, selling, or investing—understanding these shifts is essential. My accounting background and commitment to each client’s goals ensure you have the insight and guidance to navigate these changes confidently. As always, location and timing are key, and I’m here to help you make informed decisions in this evolving Vancouver market.

Vancouver’s affordability may have seen some improvement, but for many buyers, the relief remains only partial. As someone who has guided clients through countless market cycles, I know how challenging it can be—especially when ownership costs in Vancouver continue to stand out as some of the toughest in the country. Recent price declines have helped reverse more than half of the spikes we saw during the pandemic, which offers hope and a bit more breathing room for buyers. But with BC’s softer labour market and limited income growth, these price drops haven’t fully translated into the affordability boost many had hoped for.

This shift is reflected in market activity: sales are down, prices are softening across housing types, and inventory is up—meaning more options for buyers to consider. For those navigating their next move, this could be the opening you’ve been waiting for. Near term, expectations are for home values to continue easing, as demand slows and inventory remains high, potentially extending this window of opportunity. My commitment is to help you find the right fit, whether you’re searching for your first home or adding to your investment portfolio. With a keen eye on efficiency and detail, I’m here to help you make sense of Vancouver’s evolving real estate landscape.