Author: Alan Yu

As someone who guides clients through Vancouver’s ever-evolving real estate landscape, I keep a close eye on the dynamics that shape housing affordability. Recent research from central bank economists reveals that when interest rates are cut, there’s a quick surge in homebuying activity—resales start climbing almost immediately, and the full impact shows up within 18 to 24 months. Yet, new housing supply is much slower to respond, often taking about two years before starts pick up. This lag is even more pronounced for multi-unit projects, thanks to the longer timelines for planning and permits. The study also notes that a strong job market and easier lending can supercharge demand, but builders only ramp up when higher prices and lower financing costs make new projects more viable. What’s clear is that while lower rates can eventually encourage more supply, the immediate effect is to push demand higher—and that doesn’t solve affordability pressures on its own. Monetary policy, it seems, isn’t a silver bullet for housing affordability in Canada.

As a REALTOR® with RA Realty Alliance Inc. here in Vancouver, I’ve been closely tracking the recent shifts in our local housing market. Last month, we saw 1,900 home sales—a 4.6% dip that continues the softer pace we’ve experienced in the second half of the year. The composite benchmark for residential properties sits around $1.1 million, reflecting how increased inventory and slower sales are keeping prices on a gentle downward trend. With 4,100 new listings added and total inventory now at 15,800 properties, there’s a broader range of options for buyers to consider, even as overall activity remains more subdued. Market experts and the board anticipate this moderated momentum will likely continue through the end of 2026, making it a period where both pace and pricing deserve a careful watch from anyone making real estate decisions in Vancouver.

This 902 SF one-level 2-bedroom, 2-bath corner unit offers exceptional comfort and functionality. Featuring 9' ceilings, a large double patio with flower beds, and a thoughtfully designed functional layout for added privacy. The modern open-concept kitchen includes soft-close cabinetry, quartz countertops, and premium Fisher & Paykel integrated appliances-fridge, freezer, dishwasher-and a gas cooktop. Bathrooms feature heated floors, while the primary ensuite offers a double vanity and walk-in shower. Oversized laundry room. Wheelchair-friendly access via ramp with handrails. 1 parking stall & 1 storage locker. Located near Metrotown, Royal Oak SkyTrain, schools, shops, restaurants, and a future park. Residents enjoy access to a fitness center, indoor/outdoor party lounge, and playground.

Welcome to this lovely and quiet 2-level townhouse in one of North Burnaby's hidden gems. Nestled in a peaceful, family-oriented neighbourhood, this home offers a spacious and functional main floor featuring a well-maintained kitchen and comfortable living areas. Upstairs, you'll find three generously sized bedrooms, perfect for growing families. All closet doors upgraded in 2026. This well-managed strata has been exceptionally proactive, providing true peace of mind. The building was completely rainscreened, with major exterior upgrades completed in 2019/2020, including new siding, windows, gutters, and exterior finishes. Convenient access to Highway 1, Lougheed Highway, SkyTrain, SFU, Brentwood, Lougheed Town Centre, Costco, parks, trails, school.

Canada’s affordability challenges have now stretched across 10 consecutive quarters, and as a REALTOR® based here in Vancouver, I’m seeing firsthand how this plays out for both buyers and sellers. With mortgage rates expected to hold steady or possibly even tick up in the coming year, there’s less hope for affordability improvements from rate relief alone. That puts the spotlight firmly on home prices and household income growth as the key drivers ahead. Economists suggest that slower population growth could help keep housing demand—and prices—in check, while a stronger labour market should support income levels. But it’s important to remember every market tells a different story: what’s happening in Vancouver and Toronto often contrasts sharply with trends in Calgary or Edmonton. Even with a better job market, sustained affordability gains will likely depend on ongoing moderation in home prices. Navigating these nuances is part of what I focus on for clients right here in Vancouver.

As someone who lives and works in Vancouver, I know the city’s summer magic is all about the lifestyle just beyond your doorstep. Whether it’s mornings on the seawall, afternoons at the beach, or evenings exploring new restaurants, these experiences shape what we value in a home. This summer, with Vancouver’s median home price around $1.4M and 1,192 active listings on the market, the real question is: how much of Vancouver do you want right outside your door? I always encourage clients to think beyond the four walls—let’s find a place that truly fits how you want to live in this city. The right location isn’t just about convenience; it’s about having more of what you love, right where you want it.