Both Vancouver and Toronto have seen significant changes in their real estate landscapes recently. Toronto’s housing market experienced an 11% decrease over the past year—the steepest drop among 23 major cities—while home prices have fallen nearly 30% from their peak, influenced by rising rates, a foreign-buyer ban, and increased inventory. Vancouver’s market has also shifted, with a 10% decline in the last year and a 20% drop since 2022, with further softening anticipated. Navigating these shifts calls for precise pricing and a tailored approach, something I focus on for clients throughout Greater Vancouver. Staying ahead with strategic planning and local expertise is key to helping sellers and buyers make informed decisions as the market evolves.
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