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In Late-Q2 2026, Vancouver saw the largest affordability gain among covered markets, as sizeable home-price declines made payments more manageable despite firmer mortgage rates.
Vancouver’s mortgage-payment-to-income ratio ↓2.6 points during the quarter after the representative home price ↓2.9%, marking a clear affordability boost tied to pricing.
Even after that improvement, Vancouver remained Canada’s least affordable market, with the mortgage payment on a representative home consuming 79.4% of median income.
An economist said Vancouver highlighted a market shift: affordability gains were now coming from falling prices, while mortgage rates were no longer driving relief.
Vancouver was one of six markets that improved during the quarter, underscoring how price moderation, not cheaper borrowing, had become the key affordability lever.

"Normal" is taking longer: BCREA expects 2026 sales to dip 2.1% as Metro Vancouver logs its quietest start in over two decades.

While "vibes are bad" right now, experts see a bright spot with sales expected to jump 10.6% in Greater Vancouver by 2027.

Don’t worry—this slowdown feels eerily like the 2010s, but that actually signals a 27% price surge (adjusted for inflation) by 2032.

If you are a buyer, you have all the power right now with over 12,000 active listings to choose from across the region.