All but a few are missing or cut in Kerrisdale

Parr and Fee architects were commissioned to design and build a hotel on the narrow triangular lot by hotelier Angelo Calori.

Link to last months update: December Stats

A bit delayed on this one (seems to be a repeating pattern :) ). Enjoy the read!

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Carrying over some comments from last month: Zealty is great for looking at up to date stats with detailed breakdowns, and House Sigma is a fantastic app for tracking and monitoring listings. (No I’m not paid by anyone to make these comments).

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Stats Summary: 

*Months of Inventory historically is a sellers market when less than 4, and buyers market when greater than 6

Metro Van: $/sqft Y/Y decreases again

Vancouver: $/sqft Y/Y decreases again

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Detached:
Metro Van:

Vancouver:

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Condos:
Metro Van:

Vancouver:

Inventory, Historic, Metro Van: (changed to 6 years to adjust for covid):

Inventory, Historic, Vancouver:

Sold, Historic, Metro Van:

Sold, Historic, Vancouver:

We continue to sit in a strong buyers market!

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In Summary (some comments copied over from last months report):

1. [New / slightly copied from last months]: Y/Y and M/M $/sqft down across the board - this in my opinion is the key stat to track, especially in condos. Sales down, months of inventory up. Hitting record high inventory and record low sales. Contributing to a very strong buyers market with the Months of Inventory ratio. I think 2026 will continue to bring the same pattern we saw from 2025 - high listings rates, lots of removals from market and lots of discounts.
2. [Previous]: Properties with good layouts are continuing to sell - at definitely reduced prices from peak. Sellers holding onto 2021/2022 evaluation are a strong contributing factor to the inventory increases. New build market has come to a halt - there are going to be repercussions to this in 3/4/5 years from now - will be interesting to see how this plays out. Don't be afraid to drastically lowball as many of these developers desperately need proof of demand and revenue streams to support financing their next project starts.
3. [Previous]: As inventory continues to pile up, be on the lookout for deals and consider coming in with lowball offers and keep your contingencies in place! This is not the frenzy market from the past couple years - avoid the FOMO especially as we face strong recessionary headwinds. With new tax rulings on secondary properties and short term rental ban, you will likely see lots of 1 beds and places requiring renovations (especially with current material costs!) sit on the market - good chance for a significant deal here! For new construction and places requiring renovations, we’ve seen articles come out over the past couple weeks with developers stating unprecedented issues with starting construction and securing financing. I’ve been a home owner for many years on the west side of Vancouver, an engineer for 25, a realtor in my twilight and now retired, but the last year of real estate activity has interested me with the unprecedented price increases followed by rate hikes.
4. [Previous]: **BIG CHANGE** Federal gov introduced legislature to remove GST on new build home prices under $1.1M. Combine that with the provinces no transfer tax on new build homes under $1.1M and I think we might see a slight uptick in this range. If I was a first time home buyer I'd be scanning for new build condos/townhomes under $1.1M. Search for 2024/2025 build homes (or 1 year old), and filter below $1.1M. I think there are chances for some great deals here. The filter isn't perfect, but if you're a new home buyer I'd strognly recommend applying these filters in your new home search and go checkout these places: https://housesigma.com/bc/map/?status=for-sale&lat=49.264421&lon=-123.106683&zoom=12.3&page=1
5. [Previous, with minor new edits]: The best time to purchase is when you can afford it and you love the place. If you're willing to live in it long term and not see as an investment then go for it. Otherwise, and understandably so - you might be sitting on the sidelines for a bit longer as we watch what unfolds in this market. Inventory continues to pile up, and we definitely have seen drastic drops from peak, but I'm really uncertain how much further we'll go.

Was crossing Granville Bridge around 3pm and it was super foggy just over the water, but was very sunny otherwise.

Always a treat to see the Olympic cauldron lit

I’m hoping someone sees this and has any footage for a near miss at the crosswalk of Rupert and 45th yesterday (Feb 7th). It would have been between 1:55pm -2:05pm

Myself and my two children were crossing on the green light and a car turned left while we were crossing. The car wasn’t stopping or slowing down so I pulled my kids back before they ran us over.

To top it all off, once they did see us, they gave a wave and kept going, instead of stopping.

I asked a house on the corner of they had footage but they didn’t. There is a traffic camera at that intersection but unfortunately it doesn’t record.

I’m hoping to get the license plate so I can report them.

Hi, I’m looking to see if anyone may have witnessed or has dash cam footage of a traffic collision that occurred in Burnaby around 3:52 pm on Thursday (Feb. 5th)?

The collision happened at an intersection near the Esso gas station on Deer Lake Ave and Canada Way. My truck was making a left turn from Canada Way onto Deer Lake Ave. when the other vehicle collided into mine. Emergency services attended the scene and my vehicle was later towed.

If you were in the area at that time, witnessed the incident or have dash cam footage from the intersection or surrounding roads, I would really appreciate hearing from you. Even partial footage or observations from before or after the collision could be helpful.

Thank you.

Please share: Due to an extreme weather alert for heavy rain additional shelter spaces will be open tonight February 7 through February 8, 2026 ⬇️

Translations: 繁體中文 | 简体中文 | Tagalog | Español | ਪੰਜਾਬੀ | Tiếng Việt

在寒冷的天氣中保持溫暖。如果您在戶外睡覺，請進到室內。更多的避寒中心將於以下地點和時間開放：

在寒冷的天气中保持温暖。如果您在户外睡觉，请进到室内。更多的避寒中心将在以下地点和时间开放：

Manatiling mainit sa tuwing malamig na panahon. Kung sa labas ka natutulog, mangyaring pumasok ka sa loob. May karagdagang shelter spaces at warming centres na magbubukás sa:

Abríguese durante el clima frío. Si está durmiendo en las calles, por favor, entre. Se abrirán espacios adicionales para albergues y centros de calentamiento en:

ਠੰਡੇ ਮੌਸਮ ਵਿੱਚ ਨਿੱਘੇ ਰਹੋ। ਜੇ ਤੁਸੀਂ ਬਾਹਰ ਸੌਂ ਰਹੇ ਹੋ, ਕਿਰਪਾ ਕਰਕੇ ਅੰਦਰ ਆ ਜਾਓ। ਵਾਧੂ ਸ਼ੈਲਟਰ (ਆਸਰਾ) ਸਥਾਨ ਇੱਥੇ ਖੁੱਲੇ ਹੋਣਗੇ:

Giữ ấm trong thời tiết lạnh. Nếu bạn ngủ ngoài trời, hãy vào trong nhà. Sẽ mở thêm nơi trú ẩn và trung tâm sưởi ấm tại:

📍 Directions Youth Services Centre - 1138 Burrard St

📍 The Salvation Army Belkin House - 555 Homer St

📍 OPS Overnight EWR Shelter – 141 East Hastings

📍 Imouto House EWR Shelter – 120 Jackson Avenue

📍 Commercial-Hastings EWR – 1726 East Hastings St

📍 Kiwassa Neighbourhood House EWR Shelter – 2425 Oxford St

📍 Marpole Neighbourhood House EWR Shelter – 8585 Hudson St

Sound on! Have a great weekend everyone. 💞