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2026 property assessments have now been delivered. Although many homes show slight decreases in value from last year, that doesn’t necessarily mean your property tax bill will fall — in fact, you may still face higher taxes.

In BC, your tax bill equals your assessed value multiplied by a municipal tax rate. Municipalities set that rate to fund their budgets, which have generally risen across the province. Even when a city reports a “flat” municipal budget, overall tax rates can increase once regional and other levies are added.

Assessments aren’t final — you have until 02/02/2026 to file an appeal. Typical reasons to appeal include incorrect property type or a valuation that’s out of line with similar homes. Assessors use broad, automated valuation methods that work across many properties but can overlook home-specific problems such as deferred maintenance or highest and best use.

It’s important to check your assessment every year, especially after market shifts. Winning an appeal may lower your taxes for the current year and subsequent years.

If you haven’t received your assessment, scan the QR code to view it. If you’d like a current market valuation or help deciding whether to appeal, contact me to arrange a consultation.

Appeal deadline: 02/02/2026.

Vancouver West Report         Here 

Vancouver East Report           Here

Greater Vancouver Report   Here

Read the Full Report                 Here 

Greater Vancouver Market   Here

Metro Vancouver Market      Here 

Metro Vancouver Market Snapshot – A Reset Creating Opportunity

While 2025 recorded lower overall home sales in Metro Vancouver, the year also marked an important market resetthat is laying the groundwork for improved conditions ahead.

Sales activity totalled approximately 23,800 homes, reflecting a quieter year by historical standards. However, one of the most notable developments was on the supply side: sellers brought a record number of homes to market, the highest level of new listings since the mid-1990s. This expanded inventory has given buyers significantly more choice than they’ve had in many years.

Active listings finished the year well above long-term averages, creating a more balanced marketplace and easing the intense competition that defined prior cycles. At the same time, borrowing costs declined by nearly a full percentage point, helping to offset some of the price adjustments seen in 2025.

Home prices softened modestly across all property types, which has improved overall affordability without triggering sharp or destabilizing corrections. Benchmark prices remain historically strong, reflecting the region’s long-term demand fundamentals.

Economic uncertainty and trade tensions impacted confidence earlier in the year, but consumer sentiment showed signs of improvement in the second half of 2025, suggesting momentum may be building as we move into 2026.

Why This Matters Going Forward

• Buyers are entering 2026 with more inventory, improved negotiating leverage, lower borrowing costs, and slightly adjusted pricing

• Sellers benefit from more engaged, informed buyers and a market that is gradually stabilizing

• The current environment offers strategic opportunities for both move-up buyers and long-term investors

December 2025 at a Glance

December followed typical seasonal patterns, with lower sales activity and steady new listings. The overall market remains price-sensitive but stable, with sales-to-active listing ratios suggesting a more balanced environment rather than a sharp downturn.

Across all housing types, prices edged down slightly month-over-month, reinforcing the theme of measured adjustment rather than volatility.

Bottom line:
2025 wasn’t about record sales—it was about rebalancing. With improving affordability, falling interest rates, strong inventory levels, and early signs of renewed confidence, the market is entering 2026 on firmer, more sustainable footing.

Questions about the Market?

Rob Britch | RE/MAX Select Realty
📞 604-240-5813  ✉️ rob@robbritch.com  🌐 robbritch.com
Metro Vancouver Realtor® | 33 Years of Experience

Vancouver West Detached Report       Here 

Vancouver West Apartment Report      Here

Vancouver West Townhouse Report    here 

Vancouver East Detached Report          here 

Vancouver East Apartment Report        here

Vancouver East Townhouse Report        here 

The Full Market Report                                 here 

Market Steadies as Year-End Approaches

More Choice for Buyers – More Clarity for Sellers

Metro Vancouver’s housing market remained steady in November, showing signs of a healthier, more balanced environment as we head into 2026. While overall sales were lower than last year, inventory levels continue to rise, giving buyers more options than they’ve had in years and creating opportunities for well-priced homes to stand out.

New listings came in right around seasonal norms, and total inventory is now 36% above the 10-year average, a clear sign that the market is offering breathing room and choice after several intense years. Prices have softened only slightly, suggesting a stable adjustment rather than dramatic swings.

• Benchmark home price: $1,123,700 (down 3.9% year-over-year)
• Sales-to-active listings ratio: 12.6% (balanced-to-buyers’ market range)
• Townhomes remained relatively resilient with a small month-over-month gain.
• Buyers are taking their time—and benefiting from more selection.
• Sellers who price accurately are still achieving strong results.

With borrowing costs expected to hold steady, confidence could improve heading into the spring. Historically, markets that stabilize like this often set the stage for renewed activity early in the new year.

Overall, November reflects a market that is resetting into balance, giving both buyers and sellers a clearer path forward.

Questions about the Market?

Rob Britch | RE/MAX Select Realty
📞 604-240-5813  ✉️ rob@robbritch.com  🌐 robbritch.com
Metro Vancouver Realtor® | 32+ Years of Experience

Greater Vancouver Market Update   Here  

Metro Vancouver Market Update      Here

Fraser Valley Market Update               Here

Detached Monthly Variance                 Here

Attached Monthly Variance                  Here

Download the Full Report                      Here

Metro Vancouver Real Estate: A Market of Opportunity for Both Buyers and Sellers

October 2025 brought a quieter pace to the Metro Vancouver housing market — a natural seasonal slowdown that has created the most balanced conditions we’ve seen all year.

Market Overview

Home sales across Metro Vancouver reached 2,255 in October, about 14% below last year’s levels and slightly under the 10-year average. Inventory, meanwhile, continued to build — with over 16,000 homes now available, marking a healthy 36% above the long-term seasonal norm.

Even after the Bank of Canada’s fourth rate cut this year, many buyers are still waiting on the sidelines — which means less competition and more negotiating power for those ready to act this fall.

Prices and Conditions

The sales-to-active listings ratio for October was 14.2%, well within balanced territory. Prices have adjusted modestly, with the composite benchmark now at $1,132,500, down just 0.8% month-over-month and 3.4% year-over-year — offering welcome breathing room for buyers after years of rapid appreciation.

• Detached Homes: Benchmark $1,916,400 (-4.3% YoY)

• Townhomes: Benchmark $1,066,700 (-3.8% YoY)

• Apartments: Benchmark $718,900 (-5.1% YoY)

Why This Is Positive

• For Buyers:
  More choice, fewer bidding wars, and softening prices mean a chance to purchase thoughtfully and negotiate favourable terms. With interest rates expected to remain stable through 2025, buyers can shop with confidence knowing conditions are unlikely to tighten suddenly.

• For Sellers:
  Despite slower sales, homes that are well-priced and well-presented continue to move. With inventory starting to ease slightly since summer, sellers who position their listings strategically can still attract qualified, motivated buyers looking to lock in before year-end.

The Bottom Line

After several years of rapid change, Metro Vancouver’s housing market has settled into a healthier balance. For serious buyers and sellers, this period represents a window of opportunity — a time to make moves guided by strategy, not urgency.

Rob Britch | RE/MAX Select Realty
📞 604-240-5813 ✉️ rob@robbritch.com 🌐 robbritch.com
Metro Vancouver Realtor® | 32+ Years of Experience