We’ve seen Vancouver home prices adjust significantly over the past year—about a 10% decrease, according to a recent wealth manager’s analysis. In fact, prices are now down roughly 20% from their 2022 peak, which really highlights just how much the market has cooled after the rapid run-up we experienced not long ago. As someone who guides clients through the nuances of Greater Vancouver real estate, I’m watching these shifts closely. Growing inventory, slower economic growth, and the potential for further rate hikes all suggest that pricing will likely remain subdued in the near term, rather than stage a quick rebound. For homeowners and buyers alike, it’s an environment where a strategic approach to pricing and a careful eye on local supply and financing options are more important than ever.
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