Buying a condo in Vancouver means you’ll become part of a strata – essentially a community of owners who share building expenses and rules. One key aspect of condo ownership is understanding the strata fees you’ll pay regularly and the possibility of special assessments (also known as special levies) that can arise unexpectedly. These costs significantly affect Vancouver condo costs and overall condo ownership expenses, so every buyer should be well-informed. In this guide, we’ll break down strata fees and special assessments in clear terms, explain how they work under Vancouver’s system, and offer tips for prospective buyers to avoid unexpected condo costs.

Understanding Strata Fees in Vancouver

Strata fees (often called maintenance fees or condo…

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Buying a home in Vancouver, British Columbia, is exciting and challenging – much like spotting a rare sunny day in November. Vancouver boasts stunning scenery and a vibrant city life, but it’s also infamous for its sky-high real estate prices. Don’t let that scare you off; with the right preparation and a dash of humor, you can handle the process like a pro. This guide walks you through the Canadian homebuying process as it applies to Vancouver’s housing market, step by step. We’ll cover everything from understanding the market and getting your finances ready, to making an offer and paying those uniquely Canadian fees (yes, we’ll explain the Property Transfer Tax and notary fees), all in a professional tone – with a light-hearted twist. Let’s dive in!

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BCREA August 2025 Market Update

BCREA Reports August 2025 MLS® Market Activity

Vancouver, BC – September 11, 2025. The British Columbia Real Estate Association (BCREA) reports that 5,961 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in August 2025, up 0.5 per cent from August 2024.

The average MLS® residential price in BC in August 2025 was down 1.4 per cent at $926,335 compared to $939,376 in August 2024.

The total sales dollar volume was $5.5 billion, down 0.9 per cent from the same time the previous year. BC MLS® unit sales were 24.2 per cent lower than the ten-year August average.

“We continue to see significant regional disparity in the market, with the Lower Mainland lagging behind the rest of…

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Las Vegas has long been one of the most dynamic real estate markets in the United States. From luxury high-rise condos on the Strip to family-friendly suburban communities, the city offers a diverse range of opportunities for buyers, sellers, and investors. Navigating such a fast-moving market requires expertise, local insight, and a proven track record. That’s where Alex Adabashi, a real estate agent in Las Vegas, Nevada, makes a difference.

With years of experience helping clients achieve their real estate goals, Alex combines market knowledge with negotiation skills and personalized service. Whether you’re purchasing your first home, upgrading to a larger property, or selling to maximize returns, Alex’s professional approach ensures you stay ahead…

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Choosing the right realtor in Southern California can be the difference between a smooth home sale/purchase and a stressful ordeal. The Southern California real estate market is known for high prices and fierce competition, so having an experienced professional on your side is crucial. You need someone who knows the local market inside-out, communicates clearly, and truly puts your interests first. Jack Ma is exactly that kind of real estate agent. In this post, we’ll explore why Jack Ma – a top-performing Century 21 Realtor based in Southern California – comes so highly recommended for both home buyers and sellers.

Whether you’re buying a home in Southern California for the first time or selling a home in Southern California to move on to your next…

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Buying a home is an exciting journey, especially in a vibrant market like Vancouver. But amid the excitement of house hunting, it's crucial to stay focused and ask the right questions during each property tour. This ensures you make an informed decision and avoid costly surprises later. In this touring-a-home guide, we’ll outline key questions to ask when buying a house and important things to look for when buying a house. Whether you’re a first-time home buyer, an investor, or an experienced mover, these tips will help you create a comprehensive home tour checklist and confidently evaluate any property.

Before the Tour: Be Prepared

Successful home tours start before you walk through the door. Preparation helps you use your visit time wisely. Here…

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Declining prices and high inventory strengthen buyer’s market heading into fall

SURREY, BC – Fraser Valley home sales fell more than 20 per cent in August, but buyers who did get into the market were able to take advantage of favourable conditions including abundant choice, softer prices and more time to make decisions.

Sales and Inventory

The Fraser Valley Real Estate Board recorded 931 sales on its Multiple Listing Service® (MLS®) in August, down 22% from July and down 13% year-over-year. August sales were 36% below the 10-year average.

The buyer’s market remains strong with inventory levels holding relatively stable, down 2% to 10,445 active listings. Newly listed homes declined 19% month-over-month to 2,793; up 0.5% year-over-year.

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Easing home prices help lift sales in August

VANCOUVER, B.C. – September 3, 2025

Easing prices brought more Metro Vancouver* homebuyers off the sidelines in August, with home sales on the MLS® up nearly three per cent from August last year.

Headline Numbers

  • Total residential sales (Aug 2025): 1,959 (+2.9% vs. 1,904 in Aug 2024)
  • Sales vs. 10-year seasonal average: 19.2% below (avg: 2,424)
  • New listings (Aug 2025): 4,225 (+2.8% vs. 4,109 in Aug 2024)
  • New listings vs. 10-year seasonal average: 1.3% above (avg: 4,172)
  • Total active listings: 16,242 (+17.6% vs. 13,812 in Aug 2024; 36.9% above 10-year seasonal avg of 11,862)

Economist Commentary

“The August sales figures add further confirmation that sales activity…

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Canadian employment decreased by 0.3 per cent from the previous month, losing 66,000 jobs to 20.955 million in August. The employment rate fell by 0.2 points to 60.5 per cent, while the unemployment rate rose 0.2 points to 7.1 per cent. Average hourly wages rose 3.2 per cent year-over-year to $36.31 last month, while total hours worked were up 0.9 per cent compared to August of the previous year.

Employment in B.C. fell by 0.5 per cent to 2.936 million, losing 15,700 jobs in August. Employment in Metro Vancouver fell by 1.1 per cent to 1.679 million. The unemployment rate in B.C. increased by 0.3 points to 6.2 per cent in August. Meanwhile, Vancouver's unemployment rate also rose by 0.3 points to 6.4 per cent in the eighth month of the year. 

August's jobs…

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The Vancouver real estate market 2025 is experiencing a noticeably different pace compared to the frenzied days of just a few years ago. In 2025, homes across Metro Vancouver (which includes the City of Vancouver and surrounding municipalities) are generally staying on the market longer before selling. This marks a shift in the Vancouver housing trends – a reflection of higher inventory, cautious buyers, and a more balanced market environment. In this Vancouver real estate update, we’ll examine how long it takes to sell a home in Vancouver in 2025 and compare it year-over-year to 2024, using recent statistics from the Real Estate Board of Greater Vancouver (REBGV) and other sources. We’ll also break down the average days on market Vancouver sellers are…

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