Author: Alan Yu

As someone who calls Vancouver home—and guides clients through its dynamic real estate landscape—I've seen firsthand why our city remains a global favorite. Vancouver recently ranked 24th out of 1,000 global cities, holding strong in the top 25 thanks to our robust economy and exceptional local talent. However, for many residents and buyers, housing affordability continues to be a major challenge. According to a recent study, Vancouver's median multiple is close to 11, which places us among the least affordable major markets worldwide. This means locals are spending a greater portion of their income on housing than almost anywhere else. The persistent gap between supply and demand, along with slower housing starts projected through 2026, helps explain why affordability improvements haven't yet reached most buyers. Even so, Vancouver's global appeal remains strong—and navigating these complexities is part of what I do every day as a REALTOR® at RA Realty Alliance Inc.

Many are asking whether Vancouver’s housing market will finally see a rebound by 2027. As a REALTOR® with RA Realty Alliance Inc. here in Vancouver, I keep a close eye on affordability trends and inventory shifts that matter to our community. While we’ve seen some modest improvements in affordability lately, Vancouver is still among Canada’s least affordable markets. B.C. housing continues to navigate weaker demand and rising inventory, which keeps pressure on prices as we look toward 2027. According to TD, we might see B.C. home prices start turning positive in 2027 after a stretch of weakness. Interestingly, the recovery in sales activity could arrive before we notice any significant acceleration in prices. For those keeping track of the local market, it’s worth watching how these factors could shape opportunities in the coming years.

BC’s standing inventory has climbed to 6,700 homes provincewide, with condos making up 5,500 of those listings. This includes condos, townhomes, and some multiplex units, reflecting the breadth of options available across British Columbia. In my daily work with buyers and sellers, I see firsthand how this inventory is distributed: Burnaby leads with 1,210 unsold homes, followed by Vancouver at 1,020, Surrey at 798, and Coquitlam at 620. Richmond, Kelowna, Langley Township, New Westminster, and Delta also show significant numbers—evidence that available homes aren’t just concentrated in the biggest cities. Smaller markets such as Langford, Esquimalt, North Vancouver, Abbotsford, and Chilliwack contribute another 5,840 units across the listed cities. While there’s a common presale narrative focusing on studios and one-bedrooms, broader data on home sizes and average prices tells a different, more nuanced story. As a REALTOR® with RA Realty Alliance Inc. in Vancouver, I keep a close eye on these evolving trends to help clients make informed decisions in our dynamic market.

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences.
It's a symbol of Canada's commitment to reconciliation with Indigenous communities.
Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools.
May this day inspire a future where every voice is heard, and every spirit is healed.
Together, we can create a tomorrow filled with hope and endless possibilities.

It’s been an interesting Mid-Q3 for Metro Vancouver and the Fraser Valley, with 1,900 residential sales marking a lighter close to the summer of 2026. Activity remained below forecasts set earlier this year, and we’re seeing buyer-friendly conditions emerge more clearly across our local market. The composite benchmark price in Metro Vancouver settled at $1.08M, down slightly month-over-month from Early-Q3. Inventory reached 15,800 active properties, which means buyers have plenty of options right now, as sellers navigate a more competitive landscape. Detached homes felt the most significant correction, with a benchmark of $1.8M, while apartments ended at $686K and attached homes at $1.03M. The sales-to-active listings ratio is around 12%, a clear sign of a buyers market—selection is robust, and there’s more room for negotiation. As a REALTOR® at RA Realty Alliance Inc. in Vancouver, I’m always here to help you interpret these shifts and make sense of what they mean for your next move.