Vancouver remains one of Canada's least affordable markets despite recent affordability improvements.
B.C. housing has faced weaker demand and elevated inventory, creating continued pressure heading into 2027.
TD expects B.C. prices to turn positive during 2027 after weakness in the preceding period.
A recovery in sales could come before a meaningful acceleration in prices.
Author: Jason Nguyen
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Will Vancouver Finally Rebound in 2027?
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BC Standing Inventory Data By City, Size, And Average Price
As of August, there are 6,687 unsold residential units in BC, including 5,511 condos, with the highest inventories in Burnaby (1,208), Vancouver (1,017), and Surrey (798). The data covers condos, townhomes, and multiplex units across various cities. Contrary to common belief, the unsold inventory is not solely due to an oversupply of small "dogcrate" units, as unit size and average price data suggest a more complex situation.
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Vancouver Sees New Opportunities Amid 2025 Population Shift
Metro Vancouver's population growth has slowed significantly, with Vancouver's population dropping by over 8,000 from 2024 to 2025, the largest decline in 20 years. This shift is mainly due to changes in federal immigration policy and high living costs. While some suburbs like Surrey continue to grow, growth rates have slowed. The population shift raises concerns about housing, infrastructure, transit, and regional planning challenges.
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