Found 3 blog entries tagged as Vancouver housing.

Buying your first home in Vancouver is an exciting milestone, but it’s also a process that requires careful preparation. Vancouver’s housing market is among the most expensive in Canada. Before you jump into this competitive market, make sure you meet these seven must-have requirements. This guide will walk you through each step to ensure you’re truly ready to purchase a property and turn the keys on your first Vancouver house.

1. Sufficient Down Payment and Savings

Buying a home in Canada means you’ll need to have a down payment saved. The minimum down payment depends on the purchase price of the home:

  • 5% for homes up to $500,000

  • 10% on the portion above $500,000 up to $999,999

  • 20% for homes priced at $1 million or more

    …

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July 16, 2025

Canadian housing starts were largely flat from the previous month, totalling 283,734 units in June at a seasonally adjusted annual rate (SAAR). Starts were up 18 per cent from the same month last year. Single-detached housing starts increased by 1 per cent from last month to 56,645 units, while multi-family and other starts were flat at 227,086 units (SAAR).

In British Columbia, starts rose by 72 per cent from last month to 67,029 units (SAAR) in all areas of the province. In areas of the province with 10,000 or more residents, single-detached starts increased by 1 per cent to 3,880 units, while multi-family starts rose by 85 per cent to 60,314 units month-over-month. Starts in the province were 64 per cent above the levels from June…

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Vancouver, BC – July 14, 2025

The British Columbia Real Estate Association (BCREA) reports that 7,162 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in June 2025, up 1.3 per cent from June 2024. The average MLS® residential price in BC in June 2025 was down 4.2 per cent at $954,065 compared to $995,614 in June 2024.

The total sales dollar volume was $6.8 billion, a 3 per cent decrease from the same time the previous year. BC MLS® unit sales were 23 per cent lower than the ten-year June average.

“Many regional housing markets across BC remained resilient through the second quarter, with only the Lower Mainland falling below sales activity from the previous year,” said BCREA Chief Economist Brendon Ogmundson.…

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