News: Vancouver Real Estate Market

Royal LePage has released its Q2 2026 House Price Survey and Market Forecast, providing home price data and market insights for 65 real estate markets across Canada, along with national and regional forecasts for the remainder of the year.

After a slow start caused by a prolonged winter and continued economic uncertainty, Canada’s housing market began to regain momentum in May, with that improvement carrying into June. Some buyers who had been waiting on the sidelines returned to the market, encouraged...

Key highlights from the first quarter: 

• The Greater Montreal Area’s aggregate home price increased 4.5% year over year, while the greater Toronto and Vancouver markets recorded declines of 5.7% and 4.1%, respectively, in the fourth quarter. 

• Quebec City recorded the highest year-over-year aggregate price increase (13.2%) among Canada’s major regions for the seventh consecutive quarter.

• Royal LePage expects spring market activity to rise, but not surge, as buyers re-engage amid reduced borrowing...

Key highlights from the fourth quarter: 

• In the fourth quarter of 2025, the national aggregate home price decreased 1.5% year over year.

• The Greater Montreal Area’s aggregate home price increased 4.5% year over year, while the greater Toronto and Vancouver markets recorded declines of 5.7% and 4.1%, respectively, in the fourth quarter.

• Quebec City recorded the highest year-over-year aggregate price increase (13.2%) among Canada’s major regions for the seventh consecutive quarter.

• Royal LePage® expects...

Key highlights from the third quarter: 

• In the third quarter of 2025, the national aggregate home price remained flat year over year; declined 1.2% over Q2.

• The Greater Montreal Area’s aggregate home price increased 4.9% year over year, while the greater Toronto and Vancouver markets recorded declines of 3.5% and 3.1%, respectively, in the third quarter. 

• National year-end forecast adjusted downward due to price declines in greater regions of Toronto and Vancouver, with the aggregate price...

According to the Royal LePage House Price Survey and Market Survey Forecast released today, if the strict stay-at-home restrictions are eased during the second quarter Canada's aggregate home price could grow a modest 1% by the end of 2020, to $653,800. If the restrictions on personal movement continues through summer, the home prices to go down by 3%, to $627,900 year-over-year.

"The impact of COVID-19 on the Canadian economy has been swift and violent, with layoffs driving high levels of unemployment...