Vancouver Housing Market Shows Gradual Signs of Rebalancing

The Vancouver area continues to experience slow but steady rebalancing as ownership costs ease from pandemic-era highs.
Home values and mortgage rates have declined for 6 consecutive quarters, improving affordability.
However, RBC’s aggregate measure of 89.2% still marks Vancouver as the least affordable market in Canada.
Property transactions remain subdued, with buyers facing high costs despite small market improvements.
Additional home value declines are likely as inventory grows and buyer leverage strengthens.