Finest locations to purchase actual property in Vancouver

Listed here are the highest neighbourhoods for actual property purchases in Vancouver this 12 months. To view all the outcomes, slide the columns proper or left utilizing your fingers or mouse, or obtain the information to your machine in Excel, CSV or PDF format.

Supply: Actual Property Board of Larger Vancouver

High three neighbourhoods in Vancouver

What’s occurred within the Vancouver actual property market? 

After years of dwelling worth appreciation, affordability stays a problem in Vancouver. That stated, 2024 marked a interval of relative stability for the town’s actual property market.

Complete residential gross sales in Larger Vancouver ended 2024 up simply 1.2% from the earlier 12 months. However, reflecting a long-term slowdown in market exercise, gross sales had been 9% decrease than in 2022 and 21% beneath the 10-year common.

First-time dwelling patrons took benefit of decrease rates of interest and secure costs, resulting in heightened demand for entry-level properties, notably condos and townhouses. 

“All year long, we noticed multiple-offer conditions, pushed largely by first-time dwelling patrons desperate to enter the market,” says native eXp actual property agent Chloe Kopman, who works alongside her daughter, Simone Kopman. (Zoocasa, the creator of this research, is wholly owned by eXp World Holdings.)

In the meantime, the rental market noticed a surge in listings as new authorities laws on short-term leases took impact. New Airbnb restrictions launched in Could 2024 prompted many buyers to promote. 

“We noticed a wave of one-bedroom models in the marketplace,” Simone says. “That pushed rental stock up quick.” 

Whereas extra stock supplied patrons with extra choices, robust curiosity in reasonably priced properties saved competitors excessive for properties priced pretty.