10/21/2026
Vancouver Home Prices Face a Market Adjustment
Vancouver’s real estate market has seen a notable shift over the past year, with home prices dropping by around 10%. Compared to their 2022 peak, values are now down approximately 20%, highlighting how much the landscape has changed since those high points. As someone who works closely with buyers and sellers across Vancouver and the Lower Mainland, I’m seeing firsthand how the market has cooled after the strong run-up we experienced previously. The current outlook suggests continued pressure on prices, as inventory levels rise, economic growth slows, and potential rate hikes create added uncertainty. For now, it looks as though prices will stay subdued rather than bounce back quickly. If you’re considering your next move, it’s important to keep a close eye on supply, local growth, and evolving financing conditions.