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Opportunity to become a homeowner in Vancouver appears increasingly difficult

Pool of renters expected to rise as newcomers join current tenants
Downtown Vancouver as seen from the Westside submarket (Justin Eckersall/CoStar)
Downtown Vancouver as seen from the Westside submarket (Justin Eckersall/CoStar)
CoStar Analytics
October 31, 2025 | 8:14 P.M.

Vancouver’s homeownership market is experiencing a rare period of declining home values with benchmark apartment pricing down roughly 4.4% from a year ago to $682,200, the first time it has dropped below $700,000 since the start of 2023. But that may not be a big help.

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