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The Move-Up Window Is Open: Vancouver's Price Gap to Upgrade Is the Smallest It's Been in Years

If you've been waiting on the sidelines, the May numbers are your signal to move. The composite benchmark across Metro Vancouver sits at $1,100,700 — down 6.2% from a year ago, but essentially flat month-over-month (+0.2%). Translation: prices have stopped sliding and steadied, which means you're buying at a stabilized level, not catching a falling knife. The region's chief economist is even forecasting a "calm and orderly summer," so there's no panic — just opportunity.

And there's a lot to choose from. There are 16,917 homes for sale right now — about 35% more than the typical spring — while the sales-to-active-listings ratio sits at 13.1%, firmly in balanced-to-buyer-friendly territory. More selection, less competition, and room to negotiate: that combination doesn't last forever.

Here's the part move-up sellers are missing: when prices soften across the board, the dollar gap to step up shrinks — and right now it's narrower than it's been in years.

Sell your condo or townhouse into steady demand, and step into the next rung of the ladder for less than it would have cost you in years. The expensive homes came down the most — so the upgrade has never been more within reach.

Snooze and you lose this window. Buyers get selection and leverage; move-up sellers get the cheapest upgrade math in recent memory. The two don't usually line up like this.

Reach out if you'd like to learn more about your options. I'm always available and happy to help.