Amin Shahbaz Homes

Amin Shahbaz Homes Residential Real Estate Services

May recorded a slight increase in benchmark pricing, but it was still the second-slowest May for home sales in the past ...
06/03/2026

May recorded a slight increase in benchmark pricing, but it was still the second-slowest May for home sales in the past 25 years.

Sales remain below typical levels and inventory remains high, continuing to favour buyers. While the increase in transactions may suggest that some buyers are becoming more comfortable with today’s pricing, there is not yet enough evidence to conclude that the market has reached a bottom. The market continues to reflect cautious sentiment and a high degree of price sensitivity.

Here’s the summary for May:

3.5% ↓ in sales since May 2025 (demand)
26.6% ↓ below the 10-year May sales average
1.0% ↑ in listed properties compared to May 2025 (supply)
34.6% ↑ above the 10-year May listings average

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,100,700. This represents a 6.2% decrease from May 2025 and a 0.2% increase compared to April 2026.

Excited to share five recent transactions completed during April and May:4 presale completions at Hawksley: 3963 Uplands...
05/24/2026

Excited to share five recent transactions completed during April and May:

4 presale completions at Hawksley: 3963 Uplands Way, West Vancouver
1 sale at The Saint George: 406 2471 Saint George St., Vancouver

It’s been a busy few months despite Vancouver real estate prices reaching a 56-month low, while inventory levels remain approximately 38% above seasonal norms.

Real estate is inherently cyclical, and it’s becoming increasingly difficult to imagine the market declining much further. Both consumer and business confidence remain low, with unemployment currently sitting at 6.9%. At the same time, Metro Vancouver is navigating a historic oversupply of newly built, unsold condominiums. Estimates suggest that between 2,500 and 4,000 completed but vacant units remain in developer inventory across the region.

So why mention the challenges? Because when conditions become this difficult for developers, and units are trading below replacement cost, opportunities for buyers begin to emerge, particularly for first-time homebuyers. With Canada’s population growth target of 380,000 new permanent residents for the year 2028, today’s market may present a unique window of opportunity.

If you’ve been considering purchasing your first home, or know someone who has, now may be an ideal time to make a move.

March was a pause, not a turning point. Prices are trending down again in April, with slow sales and high inventory favo...
05/04/2026

March was a pause, not a turning point. Prices are trending down again in April, with slow sales and high inventory favouring buyers. Detached homes are the exception, with sales picking up as buyers respond to adjusted pricing. Well-priced homes are the ones moving, everything else is waiting.

Here’s the summary for April:

2.5% ↓ in sales since April 2025 (demand)
22.9% ↓ below the 10-year April sales average
0.2% ↑ in listed properties compared to April 2025 (supply)
37.9% ↑ above the 10-year April listings average

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,098,000. This represents a 6.9% decrease from April 2025 and a 0.6% decrease compared to March 2026.

Throwback to where it all really started… Back in the early 2000s, I was on-site assisting with a 31-townhome developmen...
05/01/2026

Throwback to where it all really started…

Back in the early 2000s, I was on-site assisting with a 31-townhome development in Greater Vancouver. Days were spent dealing with contracts, procurement, and solving whatever issue popped up that day… and nights were in class at BCIT.

It wasn’t glamorous. Think mud, steel toes, cold rainy days, and learning things the hard way.

Looking back, that’s where the passion for real estate really took hold. I didn’t just learn it from books, I learned it from the ground up… literally.

The future wasn’t clear at the time, but the drive to learn was always there. Grateful for the people I met, the lessons along the way, and the start of a journey that’s still going.

Real estate prices modestly edged up for the first time in exactly a year, which is a welcome change. That said, the Van...
04/03/2026

Real estate prices modestly edged up for the first time in exactly a year, which is a welcome change. That said, the Vancouver region recorded its second fewest March sales in more than two decades, while listings remained well above long-run average levels.

With war in the Middle East adding inflationary pressure, uncertainty around Indigenous land rights, a declining population in British Columbia, the Province of British Columbia’s credit rating downgrade, and ongoing US tariff issues, there is growing uncertainty and pessimism about the balance of the year and potentially into the next.

Here’s the summary for March:

2.8% ↓ in sales since March 2025 (demand)
31.8% ↓ below the 10-year March sales average
1.6% ↑ in listed properties compared to March 2025 (supply)
38.0% ↑ above the 10-year March listings average

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,104,300. This represents a 6.8% decrease from March 2025 and a 0.4% increase compared to February 2026.

February gave sales a bit of a boost over January, a welcome change after a slow start to the year though activity is st...
03/04/2026

February gave sales a bit of a boost over January, a welcome change after a slow start to the year though activity is still below last year’s levels. New listings fell about seven percent mostly because fewer apartments came to market as sellers seem less eager. With sales slightly ahead of the 2026 forecast, a spring increase in demand and limited new supply could keep inventory steady and support prices. This spring market will be an important test of whether below-average sales continues.

Here’s the summary for February:

9.8% ↓ in sales since February 2025 (demand)
28.7% ↓ below the 10-year February sales average
6.3% ↑ in listed properties compared to February 2025 (supply)
37.0% ↑ above the 10-year February listings average

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,100,300. This represents a 6.8% decrease from February 2025 and a 0.1% decrease compared to January 2026.

Welcome to The Saint George, a boutique collection of modern homes designed for today’s urban lifestyle. This thoughtful...
02/04/2026

Welcome to The Saint George, a boutique collection of modern homes designed for today’s urban lifestyle. This thoughtfully crafted residence features 9’ ceilings and white oak engineered hardwood flooring throughout for a bright, refined feel. The signature Living Wall offers seamless millwork from entry to kitchen, providing integrated storage, an entertainment unit, and a built-in work-from-home desk. The sleek, fully integrated kitchen is equipped with a premium Bosch appliance package. Also featuring glass room dividers for flexible living and added privacy. Enjoy a rooftop social space, EV-ready parking, and peace of mind with a comprehensive 2-5-10 warranty!

406 2471 St George St, Vancouver | Mount Pleasant
2-bed jr
2-bath
645 square feet
62 square feet balcony
1 parking
1 storage
Brand New!
PRICE: $733,000
MLS: R3078944

January saw sales down on all property types (single family homes, townhomes, and condominiums) placing the market firml...
02/04/2026

January saw sales down on all property types (single family homes, townhomes, and condominiums) placing the market firmly in buyer’s market territory, with inventory at its highest level since 2012. This marks twelve consecutive months of price decreases, with no immediate indication that consumer confidence is returning. Any rebound may not occur until the second half of the year.

“On their own, the January sales appear alarming, but it’s important to put these figures in the context of the past few years. Last year ended with one of the lowest sales totals in over two decades, and so it’s not surprising that the January sales figures were fourth slowest in over two decades as well,” said Andrew Lis, GVR’s chief economist and vice-president, data analytics. “Market momentum is a slowly evolving force, and in many ways, the January figures represent a market that continues slowly evolving to what may be a new normal.”

Here’s the summary for January:

28.7% ↓ in sales since January 2025 (demand)
30.9% ↓ below the 10-year January sales average
9.9% ↑ in listed properties compared to January 2025 (supply)
38.0% ↑ above the 10-year January listings average

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,101,900. This represents a 5.7% decrease from January 2025 and a 1.2% decrease compared to December 2025.

December saw lower sales across Greater Vancouver, with prices continuing to decline from November. Total sales for 2025...
01/06/2026

December saw lower sales across Greater Vancouver, with prices continuing to decline from November.

Total sales for 2025 were the lowest in more than two decades, while new listings reached a more than two-decade high. With inventory finishing the year at its highest level since 2008 and well above the 10-year average.

The slowdown extends well beyond housing. At its peak, Metro Vancouver’s annual real estate transactions reached $80 billion; and by 2025, that figure fell to $40 billion. Fewer transactions have notably slowed the broader economy and caused government revenues to drop, with property transfer tax collections falling $800 million below peak levels.

Here’s the summary for December:

12.9% ↓ in sales since December 2024 (demand)
20.7% ↓ below the 10-year December sales average
14.6% ↑ in listed properties compared to December 2024 (supply)
34.8% ↑ above the 10-year November listings average

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,114,800. This represents a 4.5% decrease from December 2024 and a 0.8% decrease compared to November 2025.

greatervancouverrealestate firsttimehomebuyer upsizers investors economics trends stayingahead realestateeconomics RealEstateAgent stayinformed buyersmarket

Excited to share three recent December sales 🎄We haven’t seen conditions this challenging for sellers and this favorable...
12/22/2025

Excited to share three recent December sales 🎄

We haven’t seen conditions this challenging for sellers and this favorable for buyers since 2009 during the post-financial crisis recovery. Buyers are in the midst of near-record-low sales, shifting labour markets, and uncertain interest rates before making any commitments. With that said, overall conditions are certainly in their favour.

If you have been considering buying your first home or know someone who is, now may be the ideal time to make a move.

Purchase:
1532 938 Smithe St, Vancouver
1 Bedroom
1 Bathroom
612 square feet
Built 2005
LIST PRICE: $599,900
MLS: R3068620

&

Two amazing pre-sale home Closings at The Saint George!

Wishing everyone a Merry Christmas and a Happy New Year 🎅

Address

Vancouver, BC

Telephone

604-721-3650

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