The Greater Vancouver real estate market is entering 2026 with renewed optimism. After the Bank of Canada's rate cuts in late 2025, we're seeing increased buyer confidence and a gradual uptick in sales activity across the Lower Mainland.
Key trends to watch:
1. Interest Rates and Affordability The Bank of Canada has signalled a more dovish stance, with rates expected to hold steady or decrease modestly through 2026. This is great news for buyers — lower rates mean more purchasing power and lower monthly payments.
2. Supply and Demand Dynamics New construction starts have slowed slightly, which means less inventory hitting the market. Combined with steady immigration to BC (Vancouver remains one of Canada's top destinations), expect continued demand pressure, particularly in the condo and townhouse segments.
3. Hot Neighbourhoods Areas like Burnaby's Brentwood, Surrey's City Centre, and New Westminster's waterfront are seeing the most activity. Transit-oriented developments near SkyTrain stations continue to outperform the broader market.
4. What This Means for Buyers If you've been waiting on the sidelines, 2026 could be your window. With rates more favourable than the past two years and before the next wave of demand drives prices higher, now is the time to get pre-approved and start your search.
5. What This Means for Sellers Spring 2026 is shaping up to be a strong selling season. Well-priced, well-presented homes in desirable areas are seeing multiple offers. If you've been thinking about selling, let's talk about positioning your home for maximum impact.
Thinking about making a move in 2026? Contact me for a personalized market analysis for your neighbourhood.
