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Renanza Realty
British Columbia · Local guide

Vancouver Real Estate

Vancouver isn't one market — it's dozens, from Coal Harbour's towers to Kitsilano's character houses and the East Side's fast-changing streetscape. Local knowledge matters more here than almost anywhere we sell.

Market snapshot

The Vancouver market right now

Vancouver currently has 4,288 active listings. Most homes for sale are priced between $580K and $3.79M, with a median around $1.39M. Condos and apartments make up the largest share of the market.

4,288
Active listings
4,288
For sale
$1.39M
Median list price
$580K–$3.79M
Typical range
$1,024
Median price / sq ft
54
Median days listed
359
New in last 7 days
2007
Median year built

Vancouver prices by bedrooms

BedroomsActive listingsMedian asking price
1883$619K
21,129$999K
3839$1.60M
4+1,333$2.59M

Figures reflect current active MLS® listings and update as the market moves.

Buying a home in Vancouver

BC's 2023 small-scale multi-unit housing legislation now allows three to four units on most single-family lots in larger municipalities, which is reshaping what detached lots are worth. Check the lot's current zoning with the municipality, and get a home inspection and a title search before removing subjects.

Budget for BC's property transfer tax on top of the price — it's charged on the purchase and first-time buyers and new builds may qualify for exemptions. See our BC & Alberta closing costs checklist.

A city of very different micro-markets

The West Side (Kitsilano, Point Grey, Dunbar, Shaughnessy) trades on character homes, larger lots and school catchment; the Downtown peninsula and Yaletown run on concrete-tower condo living; the East Side (Mount Pleasant, Grandview-Woodland, Renfrew-Collingwood) has moved fastest on density and price appreciation over the past decade. "Vancouver average price" as a single number tells you almost nothing useful — the right comparison is always neighbourhood to neighbourhood, property type to property type.

Zoning has shifted meaningfully in recent years — provincial small-scale multi-unit housing legislation now permits multiplexes on most single-family lots citywide, which changes both what a lot is worth and what a buyer can realistically build. If redevelopment potential matters to your purchase, we confirm current zoning on the specific lot, not the neighbourhood's reputation.

What out-of-town buyers ask us most

Foreign nationals face restrictions on residential purchases inside Vancouver under the federal ban (in effect to at least January 1, 2027, with exemptions for permanent residents and eligible work-permit holders), and non-resident or vacant-owner buyers should budget for BC's speculation and vacancy tax and the federal Underused Housing Tax where they apply. We walk every out-of-province and international client through eligibility and carrying costs before they write an offer.

Common questions

Buying in Vancouver

If yours isn't here, ask us directly — we'd rather answer it now.

Which Vancouver neighbourhood is right for me?

It depends on budget, commute, school catchment and whether you want a character house or a condo — there's no universal "best" neighbourhood. Tell us your priorities and we'll narrow it down to two or three real options rather than a generic list.

Can I add a suite or multiplex to a house I'm buying?

Often, yes, under BC's provincial small-scale multi-unit housing rules, but the specifics depend on the lot's zoning, size and any local restrictions. We confirm the actual development potential of a specific property before you factor it into your offer.

Is Vancouver real estate a good long-term investment right now?

That depends on your timeline, the specific property type and neighbourhood, and your financing — not something a general answer can responsibly cover. Ask us for current data on the segment you're considering and we'll give you a straight read.

How much does a home cost in Vancouver?

The median asking price for homes currently for sale in Vancouver is about $1,394,000, and most are listed between $580,000 and $3,788,000. These figures come from active MLS® listings and move with the market.

How many homes are for sale in Vancouver right now?

There are 4,288 active listings on this page's search, 359 of them new in the last 7 days. Listings are updated continuously from the MLS®.

How much is a 3-bedroom home in Vancouver?

Median asking prices by bedroom count in Vancouver right now — 1 bedroom: about $619,000; 2 bedrooms: about $999,000; 3 bedrooms: about $1,600,000; 4+ bedrooms: about $2,588,000. Based on 4,184 active listings.

What is the price per square foot for homes in Vancouver?

The median asking price per square foot of living area is about $1,024 across homes currently listed in Vancouver. Location, age and building type move this a lot, so compare within a neighbourhood.

How long have homes in Vancouver been on the market?

The typical active listing here first came on the market about 54 days ago. That's days listed so far, not time to sell, but a long figure usually signals more room to negotiate.

Can non-Canadians buy a home in Vancouver?

Generally not right now. Since January 1, 2023, the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act has barred most non-Canadians from buying residential property, with exceptions such as permanent residents and some work-permit holders. The ban has been extended before, so confirm its current status and get legal advice on your situation.

Ready to see Vancouver in person?

Tell us your timeline and budget and we'll line up viewings that actually fit.