CMHC expects housing conditions to improve gradually in 2027 as incomes and economic growth strengthen.
Sales should recover, but CMHC expects activity to remain below the typical levels seen during the previous decade.
CREA forecasts only modest national price growth, suggesting stabilization rather than another major price surge.
Higher inventory and weaker demand in some markets could continue giving buyers more negotiating room.

In Mid-Q3, Metro Vancouver recorded 1.9K residential sales, a soft finish to summer 2026 and another month of activity below the year's earlier forecast.
Metro Vancouver's composite benchmark reached $1.08M in Mid-Q3, slipping MoM from Early-Q3 as buyer-friendly conditions continued building across the overall market recently.
Active inventory totaled 15.8K properties in Mid-Q3, giving buyers far more choice and keeping selection elevated as sellers competed for attention locally.
Detached homes saw the sharpest correction, with the benchmark at $1.8M; apartments reached $686K and attached homes were $1.03M in Vancouver recently.
Metro Vancouver's sales-to-active listings ratio sat at ~12% in Mid-Q3, signaling a buyers market where selection stayed ample and negotiation room widened.

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences.
It's a symbol of Canada's commitment to reconciliation with Indigenous communities.
Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools.
May this day inspire a future where every voice is heard, and every spirit is healed.
Together, we can create a tomorrow filled with hope and endless possibilities.

Across BC, standing inventory totaled 6.7K homes, including 5.5K condos, and the count covered condos, townhomes, plus some multiplex units provincewide.
Among tracked BC cities, Burnaby led with 1.21K unsold homes, followed by Vancouver at 1.02K, Surrey at 798, and Coquitlam at 620.
Richmond recorded 396 units, Kelowna 372, Langley Township 276, New Westminster 224, and Delta 211, showing inventory spread well beyond BC's largest markets.
Additional BC counts included Langford 188, Esquimalt 173, the City of North Vancouver 135, Abbotsford 118, and Chilliwack 100; listed cities totaled 5.84K.
A common presale narrative blamed mainly studios and one-beds, but broader BC size and avg. price data pointed to a different story.

Over my decades in real estate on the North Shore and beyond, I’ve witnessed many cycles unfold—each with its own challenges and opportunities. Looking ahead, the latest forecasts suggest Canada’s housing market is poised for a gradual recovery by 2027. We’ve seen encouraging early signs: resales are ticking up, inventory is holding steady, and prices are beginning to level out. Affordability and stable employment are helping to rebuild buyer confidence—a trend I always watch closely, especially for clients considering major life transitions.

For those who put their plans on hold, there’s a sense that many are now in a stronger position, thanks to improved savings and employment prospects. The numbers for 2026 suggest a slight dip—resales projected to decrease by about 4% to 453,000, and benchmark prices down roughly 2% to $794,000. Modest gains are expected to return in 2027 as borrowing costs stabilize and the central bank holds rates, though we’ll be keeping an eye on risks like trade tensions and energy markets.

Importantly, the recovery is forecast to touch all provinces, though the experts describe it as irregular rather than sweeping. For those navigating this evolving market—whether you’re downsizing, investing, or buying your first home—having a seasoned perspective is more valuable than ever.

With over four decades immersed in Vancouver real estate, I’ve seen the market ebb and flow—and the latest numbers reflect another subtle shift. Vancouver recorded 1,900 home sales last month, marking a 4.6% dip as the second-half slowdown continues. The composite benchmark for residential properties now sits around $1.1 million. Inventory is a key story here: 4,100 new listings added more choice, bringing total inventory to 15,800 properties. What does this mean for you? More options, but also a market where prices are edging down and the pace is measured, with local analysts suggesting this softer environment may persist through 2026. For those considering a move—especially my clients who value careful timing and informed decisions—this is a market to watch closely. As always, my commitment is to guide you through these changes with the experience and perspective that decades in Vancouver real estate bring.