Financial Planning

Vancouver: Best Places to Buy Real Estate

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Best places to buy real estate in Vancouver

Best places to buy real estate in Vancouver

Here are the top neighbourhoods for real estate purchases in Vancouver this year. To view all the results, slide the columns right or left using your fingers or mouse, or download the data to your device in Excel, CSV or PDF format.

After years of home price appreciation, affordability remains a challenge in Vancouver. That said, 2024 marked a period of relative stability for the city’s real estate market.

Total residential sales in Greater Vancouver ended 2024 up just 1.2% from the previous year. But, reflecting a long-term slowdown in market activity, sales were 9% lower than in 2022 and 21% below the 10-year average.

First-time home buyers took advantage of lower interest rates and stable prices, leading to heightened demand for entry-level properties, particularly condos and townhouses.

“Throughout the year, we saw multiple-offer situations, driven largely by first-time home buyers eager to enter the market,” says local eXp real estate agent Chloe Kopman, who works alongside her daughter, Simone Kopman. (Zoocasa, the author of this study, is wholly owned by eXp World Holdings.)

Meanwhile, the condo market saw a surge in listings as new government regulations on short-term rentals took effect. New Airbnb restrictions introduced in May 2024 prompted many investors to sell.

“We saw a wave of one-bedroom units on the market,” Simone says. “That pushed condo inventory up fast.”

While more inventory provided buyers with additional options, strong interest in affordable properties kept competition high for homes priced fairly.

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