Metro Vancouver home sales fell 4.6% year-over-year in August 2026, with prices down 5.6%, marking a buyer's market due to high inventory and a sales-to-listings ratio near the threshold for price declines. Detached homes saw the largest price drop. Fraser Valley prices also declined 7% annually. Key factors include slowing immigration, reduced investor activity, and persistently high mortgage rates limiting buyer demand.
Continue to full article
Leave a Reply