Amin Shahbaz Homes

Amin Shahbaz Homes Residential Real Estate Services

Home sales in the Greater Vancouver Region were below the 10-year average in August, making it one of the slowest August...
09/02/2026

Home sales in the Greater Vancouver Region were below the 10-year average in August, making it one of the slowest Augusts in more than 20 years. With sales still slow and buyers having plenty of choice, the market continues to favour buyers since May 2025, with no clear signs of that changing anytime soon.

“Ample selection, softening prices, and stable mortgage rates are considered favourable buying conditions, but they haven’t been enough to bring many buyers off the sidelines. While the renewed trade tensions with the U.S. are an unwelcome distraction for the market, we still believe the main drivers of this soft market are the slowdown in immigration to our region, reduced investor demand, and mortgage rates that aren’t low enough to incentivize robust buying activity,” said Andrew Lis, Greater Vancouver Realtors chief economist.

Here’s the summary for August:

4.6% ↓ in sales since August 2025 (demand)
20.7% ↓ below the 10-year August sales average
2.7% ↓ in listed properties compared to August 2025 (supply)
26.2% ↑ above the 10-year August listings average

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,081,900. This represents a 5.6% decrease from August 2025 and a 0.6% decrease compared to July 2026.

July erased much of the momentum that began to build in June, with home sales falling nearly 10% compared to the same ti...
08/05/2026

July erased much of the momentum that began to build in June, with home sales falling nearly 10% compared to the same time last year. The result was the second-slowest July in more than two decades and the weakest first seven months of a year on record since at least 2005.

For sellers, it remains a challenging market, especially as prices continue to soften across most home types. For buyers, today’s market offers opportunities that haven’t been seen in years, with many homes selling at significant discounts from recent peaks. Whether you’re buying or selling, accurate pricing and realistic expectations continue to be the key to achieving a successful outcome in today’s market.

Here’s the summary for July:

9.8% ↓ in sales since July 2025 (demand)
18.6% ↓ below the 10-year July sales average
4.0% ↓ in listed properties compared to July 2025 (supply)
26.8% ↑ above the 10-year July listings average

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,088,800. This represents a 6.2% decrease from July 2025 and a 0.9% decrease compared to June 2026.

Happy to share two transactions completed during June and July:Sold: 902 1351 Continental St., VancouverListed for $715,...
07/25/2026

Happy to share two transactions completed during June and July:

Sold: 902 1351 Continental St., Vancouver
Listed for $715,000
1 bed + 1 bath
638 square feet

Purchased: 802 2138 Madison Ave., Burnaby
Listed for $715,000
2 bed + 2 bath
968 square feet

It’s been challenging to sell anything while considering homeowners’ expectations that Vancouver prices will inevitably rise if they buy for the long term with a five-to-ten-year outlook. The past twelve months of sales have turned those expectations on their head; downtown Vancouver condo prices now reflect levels close to 2016. That’s the bad news for sellers.

On the flip side, young buyers and new buyers to the region are getting deep discounts compared to years past. It’s anyone’s guess how long current market conditions will last but if June’s latest sales numbers continue to hold, it appears we’ve reached the near bottom of the market.

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

June was the strongest month for home sales so far this year, but the market remains softer than normal after the slowes...
07/04/2026

June was the strongest month for home sales so far this year, but the market remains softer than normal after the slowest first half in over 20 years. With fewer new listings and inventory beginning to stabilize, the market may be starting to find its footing.

Looking ahead, major infrastructure projects and more than $200 billion in proposed LNG, pipeline, and mining investments could strengthen British Columbia’s economy, helping boost confidence among consumers, businesses, and investors.

Here’s the summary for June:

9.6% ↑ in sales since June 2025 (demand)
12.4% ↓ below the 10-year June sales average
3.1% ↓ in listed properties compared to June 2025 (supply)
30.2% ↑ above the 10-year June listings average

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,099,100. This represents a 6% decrease from June 2025 and a 0.1% decrease compared to May 2026.

Welcome to The Maddox by Cressey, an iconic residence in Vancouver’s sought-after Beach District. This bright corner hom...
06/17/2026

Welcome to The Maddox by Cressey, an iconic residence in Vancouver’s sought-after Beach District. This bright corner home features floor-to-ceiling windows that fill the space with natural light and city views. Designed with Cressey’s renowned craftsmanship, it offers the signature Cressey Kitchen, premium European appliances, engineered hardwood flooring, and air conditioning throughout. The open-concept layout extends to a private balcony, while one parking stall and one storage locker add everyday convenience. Residents enjoy access to a fitness centre, sauna, concierge, and meeting room. Just steps from the Seawall, Yaletown’s restaurants, cafés, parks, shops, entertainment, and transit, this is downtown Vancouver living at its finest.

902 1351 Continental St, Vancouver | Downtown
1-bed & den
1-bath
638 square feet
37 square feet balcony
1 parking
1 storage
PRICE: $715,000
MLS: R3136560

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.

Address

Vancouver, BC

Telephone

604-721-3650

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