Vancouver Real Estate 2026: Market Analysis | Splittly Blog
Vancouver's skyline keeps changing, and so does the cost of living within it. As we move into the second quarter of 2026, the real estate market is showing signs of a new equilibrium.
The Impact of 2025's Zoning Reforms
The ambitious zoning reforms passed late last year are finally bearing fruit. We are seeing a surge in 'missing middle' housing—townhouses and multiplexes—popping up in traditionally single-family neighborhoods. This increase in supply is beginning to stabilize rental prices.
Price Trends by Neighborhood
While Downtown remains premium, areas like East Van and Burnaby are seeing renewed interest due to improved transit links. The average condo price has dipped slightly, offering a glimmer of hope for first-time buyers who have been sitting on the sidelines.
Interest Rates and Mortgages
With the Bank of Canada holding rates steady in early 2026, buyer confidence is returning. Mortgage pre-approvals are up 15% compared to the same time last year, suggesting a busy spring market ahead.
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The Vancouver market remains complex, but 2026 offers more options for buyers than we've seen in a decade. Strategic planning and patience are key.