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

+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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