The Neighbourhood Report

Since we are officially kicking off 2026, I wanted to take a moment to look back at the roller coaster that was 2025 and, more importantly, dive into what you can expect from the real estate market this year.

2025: The Year of the "Wait and See"

If I had to describe last year in one word, it would be hesitation. We saw a lot of buyers sitting on the sidelines and for good reason. Between shifting interest rates and global trade uncertainties, it felt like everyone was holding their breath. 

Inventory Rising: We saw more homes sitting on the market longer than we’ve seen in years, giving buyers something they haven't had in a decade, choice.

The Condo Cool-Down: Vancouver saw a significant softening in the condo market as investor demand slowed down.

Price Resilience: Despite the slower sales volume, home prices didn't "crash" as some predicted. Instead, they softened a little, proving that the desire for homeownership in Canada remains incredibly strong.

2026: The Great Reset

The theme for 2026 is The Reset. We are moving away from the frantic bidding wars of the past and into a much more "balanced" market. Here is what I’m watching closely for you this year:

1. A Return to "Normal" Sales Volume

Economists are predicting a significant jump in sales activity this year—some say as much as 12–14%! Now that the uncertainty of 2025 is behind us, pent-up demand is starting to release. People who wanted to move last year but were scared may finally make their move.

2. The "Balance" of Power

For the first time in a long time, neither buyers nor sellers have a massive upper hand.

Jennifer’s Closing Keys

If you’ve been waiting for a sign to jump into the market, this is the year of opportunity. The market is no longer a wild west; it’s a place where you can take your time, do your inspections, and find a home that actually fits your life. 2026 isn't about timing the market; it's time to get into the market. With more inventory and steady prices, it’s a great year to plant some roots.

• For Buyers: You have more inventory to choose from and less pressure to make a decision quickly.
• For Sellers: Realistic pricing is the name of the game. If you price it right, it will sell, but the days of listing high and hoping are over.

3. Affordability is (Slowly) Improving

With wage growth finally starting to outpace home price increases, we are seeing a "housing reset" where the dream of ownership is becoming a bit more reachable. Mortgage rates have stabilized, which is giving everyone a clearer picture of their monthly budget.

Welcome to the Neighbourhood,

Jennifer Morgan

778.877.8782

@yourhomegirljenn

team@neighbourhoodre.com