Introducing Block Patterns

In July 2024, Metro Vancouver’s real estate market is undergoing changes across condos, townhouses, and detached homes, influenced by high interest rates and shifting buyer behavior.

Condos: Buyer’s Market Emerges

The Metro Vancouver condo market is shifting to a buyer’s market. Prices are slightly down, especially in Downtown Vancouver and Yaletown, with more inventory giving buyers greater negotiating power..

Townhouses: Steady Demand

The townhouse market remains resilient, with steady prices in areas like Richmond and Burnaby. Inventory is tight, keeping competition strong among buyers.

July 2024.

Detached Homes: Market in Transition

Detached home prices have seen slight declines in West Vancouver and Vancouver’s West Side. Inventory is rising, particularly in premium markets, giving buyers more choices.