Dan J Reilly Real Estate - Fraser Valley & Vancouver

11/04/2026

More than 14,000 new condos unsold. Yet the next wave of projects is barely launching.

Here's how both can be true.

Daily Hive reports that Rennie counted over 14,000 unsold new condos in Metro Vancouver at the end of June 2026:
• 56%, nearly 8,000 homes, were under construction.
• 15% were in projects that had not started building.
• The rest were already complete.

So this is not 14,000 empty, finished homes.

Just 1,340 new condos sold in the first half of 2026, a record low in Rennie's figures. That includes every stage of construction.

Then came September. Across Metro Vancouver and the Fraser Valley, only 2 projects launched 32 presale homes. Neither reported a sale that month, says MLA Canada.

The previous 5 Septembers averaged about 870 new homes released. This September was roughly 96% lower.

Rental homes told a different story: 1,001 purpose-built market rentals finished across 6 projects in September.

In MLA's sample of Lower Mainland buildings completed in the past 5 years, average asking rent fell $40 to $2,671 from August to September. Down 1.5%.

The catch: slow condo sales can leave the next projects on hold. Today's choice could mean fewer new options later. That is a risk, not a sure thing.

For buyers, use the extra choice to compare recent sales, strata records, repair plans and total costs.

See how we look out for our buyers. Comment CHECKLIST for a preview of the checks we use to help our buyer clients spot costly issues before they commit.

Looking for potential room to negotiate in your area and budget? Comment LIST for my motivated-seller list.

Dan J Reilly PREC, eXp Realty.

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11/03/2026

Higher rates can make buying harder. But they can also change who you’re competing with.

On October 28, the Bank of Canada raised its policy rate by 0.25 percentage points to 2.5%. That is not your mortgage rate.

For a family looking in Vancouver, higher borrowing costs may mean some other buyers pause their search or lower their budget.

If fewer buyers are bidding on the same home, you may have more room to:
• Negotiate the price.
• Ask for a closing date that works for your family.
• Keep time for financing, an inspection and document review.

There was already more choice before that rate decision. GVR reported 16,394 homes for sale in September 2026, 24.3% above the 10-year September average. Those numbers do not measure the impact of the October hike.

The catch? A lower price can still come with a higher monthly payment. A good home can still draw competing offers.

Get your lender to run the full cost at today’s rate. Don’t build your plan around a future rate cut. More negotiating room helps only if the home and payments work for you.

Comment CHECKLIST for a preview of the checks we use to help our buyer clients spot costly issues before they commit.

Looking for potential room to negotiate in your area and budget? Comment LIST for my motivated-seller list.

Sources: Bank of Canada, Oct. 28, 2026; GVR, September 2026 report.
General information, not personal financial advice. Market conditions vary. Savings and future rates are not guaranteed.

Dan J Reilly PREC, eXp Realty.

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11/02/2026

Imagine a Vancouver family at the kitchen table after the kids are asleep. They need more space, but the housing headlines make them wonder: should we wait?

This is a hypothetical family. The numbers are real.

In September 2026, Canadian home sales were down 7.7% from a year earlier. The national home price index was down 3.4%. Yet Canada had 4.9 months of inventory, in line with its long-term average.

Now look closer to home. In GVR’s Metro Vancouver region, compared with September 2025:

• Detached home sales rose 4.2%.
• Attached home sales rose 0.6%.
• Apartment sales fell 18.6%.

Those are sales counts, not price gains. Overall sales fell 8.4%, and benchmark prices were lower in all 3 home types.

For that family, the next step is to compare recent sales for the home type and neighbourhood they need, then check the monthly costs. These stats cannot tell them where prices will go next.

See how we look out for our buyers. Comment CHECKLIST for a preview of the checks we use to help our buyer clients spot costly issues before they commit.

Looking for potential room to negotiate in your area and budget? Comment LIST for my motivated-seller list.

Sources: CREA, Oct 16, 2026; Greater Vancouver REALTORS®, Oct 2, 2026. Both report September 2026.

Dan J Reilly PREC, eXp Realty.

General information, not legal or financial advice. Regional stats are not a home valuation or price forecast. Conditions vary by area and property type. Verify current information before acting.

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11/01/2026

Here’s a hopeful sign in Metro Vancouver’s housing market.

Detached home sales rose 4.2% in September 2026 compared with September last year. Attached home sales edged up 0.6%.

Apartment sales fell 18.6%, so the overall headline missed part of the story.

These are changes in the number of homes sold, not prices. Benchmark prices were lower than a year earlier in all 3 categories.

The encouraging part? Buyers are still making moves. If you’re planning yours, look at your area and home type, not just the headline. Then check recent sales, the home’s condition and what fits your budget.

See how we look out for our buyers. Comment CHECKLIST for a preview of the checks we use to help our buyer clients spot costly issues before they commit.

Looking for potential room to negotiate in your area and budget? Comment LIST for my motivated-seller list.

Source: Greater Vancouver REALTORS®, September 2026 report, released October 2.

Dan J Reilly PREC, eXp Realty.

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11/01/2026

Buying luxury real estate in Vancouver? Now could be a good time to look closely.

West Vancouver’s detached benchmark was down 9.9% year over year in September 2026, according to Greater Vancouver REALTORS®. That covers typical detached homes, not just luxury properties.

Featured here: 1445 Sandhurst Place, West Vancouver.

Listed at $8,500,000 CAD, with 5 bedrooms, 9 bathrooms and 8,120 sq. ft. The listing features ocean, skyline and Lions Gate Bridge views, an outdoor pool, elevator and private theatre.

A softer market can create room to negotiate. The right offer still starts with recent comparable sales and the home’s condition. A lower market benchmark doesn’t mean every property is a deal.

Want to find sellers who may have room to negotiate? Comment LIST for my list of motivated sellers.

Listed by Reza Zeyghami, RE/MAX Elevate Realty, and Pedram Tabesh PREC, Royal Pacific Lions Gate Realty Ltd.

Dan J Reilly PREC, eXp Realty.

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10/31/2026

Why would an investor buy a block of condos when individual buyers are holding back?

The deal may be very different.

Goodman Commercial reported in May that some Metro Vancouver developers were selling unsold condos in bulk to investors for rental housing.

Selling several homes at once can help a developer clear inventory. A buyer taking the whole package may negotiate terms you won't get buying one condo.

But a bulk deal does NOT prove prices are about to rise. And it doesn't mean your unit is a bargain.

There's another question buyers should ask: how many units does one owner hold?

That can affect voting power. It doesn't mean one investor controls every decision. In BC, different strata decisions need different levels of support.

Before buying, check:
• Recent comparable sales, not just the original asking price.
• Who holds the votes.
• The budget, repair plans and meeting minutes.

Buy the home and the building that fit your needs, not the investor headline.

See how we look out for our buyers. Comment CHECKLIST for a preview of the checks we use to help our buyer clients spot costly issues before they commit.

Looking for room to negotiate? Comment LIST for a motivated-seller shortlist for your area and budget.

Dan J Reilly PREC, eXp Realty.

Send a message to learn more

10/30/2026

Love the condo. Nervous about the building? Read this before you buy.

A fresh kitchen tells you nothing about the roof, pipes or repair fund.

These are 5 reasons to pause and ask more questions:

📌 REPAIRS WITH NO CLEAR FUNDING PLAN
Check what work is coming and how the strata plans to pay. A forecast is not an approved bill.

📌 THE SAME LEAK KEEPS COMING UP
Read the minutes. Ask what caused it, what was fixed and whether there is a report confirming the work.

📌 BIG PROJECTS KEEP GETTING PUT OFF
Ask why. Compare the repair plan with the budget and money set aside.

📌 INSURANCE COSTS YOU DON'T UNDERSTAND
Review the insurance summary and deductibles with your insurance broker. Ask what your own policy needs to cover.

📌 MISSING ANSWERS
Ask for the current Form B, minutes, financials and depreciation report. If a key issue is still unclear, consider getting professional advice before removing conditions.

An older building is not automatically a bad building. A repaired problem is not the same as an unresolved one.

The question is: what work is needed, what is funded, and what could land on you?

Send me a listing for a Property X-Ray. I'll explain what the available records show and what still needs checking.

Dan J Reilly PREC, eXp Realty.
Scope depends on available records. This review does not replace a home inspection or legal advice.