2026 Q2 · British Columbia
Vancouver Home Appraisal Market Report
Detached west-side range-bound; downtown condo softness extends; Burnaby/New West deliveries elevated.
Snapshot
Key benchmarks
Benchmark detached
$2.18M
+1.1% YoY
Benchmark condo apartment
$798K
−2.2% YoY
Months of inventory
4.1
+0.6 YoY
Sales-to-new-listings ratio
42%
−3pts YoY
Avg days on market
32
+5 days YoY
What it means for appraisals
Implications this quarter
- •Strata depreciation report deficiencies driving conservative valuations on pre-1995 stock.
- •Speculation & Vacancy Tax declaration cycle generates assessed-value review work each Q1.
- •Bill 44 SSMUH HBU analysis now routine on single-family lots citywide.
Order mix
Why people order in Vancouver
Refinance / HELOC34%
Renewal cycle.
Separation (FLA s.87)19%
Date of trial / agreement valuations.
Estate14%
Purchase mortgage13%
SVT / assessment11%
Pre-listing / FSBO9%
Watch items
On the horizon
- •Empty Homes Tax declaration February deadline.
- •BC Assessment July 1 effective date — appeals to PARP by Jan 31.
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