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BC Real Estate Weekly Briefing

October 26, 2026 | Metro Vancouver & North Shore
Reporting period: October 19–25, 2026

Executive Summary

This was a consequential week for British Columbia real estate, primarily because of the October 24 provincial election and the confirmation of new municipal councils.

Five developments deserve particular attention:

  1. BC Conservatives are projected to form a majority government, potentially changing housing density policies, development charges, permitting requirements and building regulations.

  2. Municipal election results are official, bringing new leadership to Vancouver while incumbent mayors remain in office in the City and District of North Vancouver.

  3. Commercial real estate investment conditions are tightening, with rising bond yields putting pressure on property valuations and financing.

  4. The Bank of Canada will announce its next interest-rate decision on October 28, a significant event for mortgage borrowers and developers.

  5. Vancouver completed a $175-million municipal bond issuance, providing a useful indicator of longer-term borrowing costs.

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Real Estate News Update

BC's real estate market continues to favour buyers, with falling prices, weak sales volumes, and uncertainty surrounding interest rates.

Three important developments this week:

  1. BC home sales declined 8.9% year over year in September, according to the BC Real Estate Association's October 14 report.

  2. Greater Vancouver home prices declined 4.0% year over year in Q3 2026, with detached properties experiencing larger declines.

  3. Municipal elections took place October 17, making changes to housing, zoning, development approvals, and municipal leadership particularly important for North Shore developers and investors.

1. BC residential sales and prices — October 14

The BC Real Estate Association released its September 2026 market statistics on October 14.

IndicatorSeptember 2026Annual change
Residential sales5,254−8.9%
Average BC home price$924,279−2.4%
Total sales volume$4.9 billion−11.0%
Year-to-date sales51,310−5.9%
Year-to-date transaction value$48.11 billion−7.0%

September sales were also 25.8% below the 10-year seasonal average.

BCREA Chief Economist Brendon Ogmundson attributed part of the slowdown to higher oil prices and concerns about possible Bank of Canada interest-rate increases. However, declining inventory may help keep many regional markets balanced. British Columbia Real Estate Association

Implications for real estate investors

The market provides opportunities to negotiate on properties where sellers face extended marketing periods.

For residential developers, however, weaker sales activity increases the risk associated with speculative land purchases and condominium presales.

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New property listed in Fairview VW, Vancouver West

I have listed a new property at 105 950 Broadway Street W in Vancouver. See details here

Established Print Shop for Sale – Prime Vancouver West Location! Excellent opportunity to acquire Docuplex Graphox and Prints Inc., an established printing and signage business operating since 2010 in Vancouver’s desirable Fairview neighbourhood. Located in a high-exposure retail space of approximately 1,497 sq. ft., this business serves a diverse clientele locally and across Canada. Offering a wide range of professional printing services, including business cards, brochures, flyers, booklets, posters, banners, window graphics, vinyl lettering, custom signage, construction blueprints, and large-format printing. The business benefits from an established customer base, a prime location, and an attractive monthly lease of approximately $4,300 including GST. Ideal opportunity for an owner-operator or an existing printing company looking to expand its operations.

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I have sold a property at 505 785 Harbour Way in North Vancouver

I have sold a property at 505 785 Harbour Way in North Vancouver on Aug 25, 2026. See details here

Welcome to this bright and brand new 2-bedroom and den, 2-bathroom condo located on the 5th floor of a desirable building on Harbour Way in North Vancouver. This thoughtfully designed home offers a spacious layout with ocean view, modern finishes, and comfortable living in one of the North Shore's most convenient neighborhoods. The open-concept living and dining area is perfect for relaxing or entertaining, with high end appliances. The primary bedroom features a private ensuite bathroom, and the second bedroom is ideal for guests, a home office, or a growing family. Residents will enjoy Smart living features, easy access to Lonsdale quay, SeaBus 15 minutes walk, parks, walking trails, shopping, restaurants, transit, and all the amenities that North Vancouver has to offer. Concierge

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New property listed in Harbourside, North Vancouver

I have listed a new property at 505 785 Harbour Way in North Vancouver. See details here

Welcome to this bright and brand new 2-bedroom and den, 2-bathroom condo located on the 5th floor of a desirable building on Harbour Way in North Vancouver. This thoughtfully designed home offers a spacious layout with ocean view, modern finishes, and comfortable living in one of the North Shore's most convenient neighborhoods. The open-concept living and dining area is perfect for relaxing or entertaining, with high end appliances. The primary bedroom features a private ensuite bathroom, and the second bedroom is ideal for guests, a home office, or a growing family. Residents will enjoy Smart living features, easy access to Lonsdale quay, SeaBus 15 minutes walk, parks, walking trails, shopping, restaurants, transit, and all the amenities that North Vancouver has to offer. Concierge

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Open House. Open House on Saturday, May 2, 2026 2:00PM - 4:00PM

Please visit our Open House at 1111 Gilston Road in West Vancouver. See details here

Open House on Saturday, May 2, 2026 2:00PM - 4:00PM

Located in high-end community is a fully renovated home that offers captivating water and city views from every angle, ensuring a daily embrace of nature's beauty. The upper level features three generously sized bedrooms illuminated by sunlight streaming through large windows. The master suite includes a private bathroom. A beautifully landscaped yard provides an ideal setting for dining, relaxation, or hosting gatherings, complemented by an upper deck offering panoramic view of the surroundings. The lower level features a well-planned suite with two bedrooms, a modern kitchen, and a cozy living space. Conveniently situated near ski resorts, golf courses, and shopping hubs, Chartwell elementary and Sentinental secondary schools catchment.

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New property listed in British Properties, West Vancouver

I have listed a new property at 1111 Gilston Road in West Vancouver. See details here

Located in high-end community is a fully renovated home that offers captivating water and city views from every angle, ensuring a daily embrace of nature's beauty. The upper level features three generously sized bedrooms illuminated by sunlight streaming through large windows. The master suite includes a private bathroom. A beautifully landscaped yard provides an ideal setting for dining, relaxation, or hosting gatherings, complemented by an upper deck offering panoramic view of the surroundings. The lower level features a well-planned suite with two bedrooms, a modern kitchen, and a cozy living space. Conveniently situated near ski resorts, golf courses, and shopping hubs, Chartwell elementary and Sentinental secondary schools catchment.

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New property listed in Edmonds BE, Burnaby East

I have listed a new property at 2606 7358 Edmonds Street in Burnaby. See details here

This stunning unit has Southeast mountain and city views, complemented by air conditioning and Cressey’s renowned open-concept kitchen with integrated appliances, quartz countertops, and premium finishes. Residents enjoy a full suite of luxurious amenities, including concierge service, an exclusive clubhouse, indoor basketball court, steam and sauna rooms, squash court, fitness center, lounge, and outdoor theater. Conveniently located just steps from supermarkets, Edmonds Community Centre, schools, parks, and libraries. Includes one parking stall and one storage locker.

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New property listed in Metrotown, Burnaby South

I have listed a new property at 4901 Kingsway in Burnaby. See details here

Exceptional opportunity to acquire a fully built-out restaurant on bustling Kingsway in Burnaby. Kim Shaker Restaurant features a spacious dining area, commercial kitchen with high-quality equipment, prominent signage, and steady walk-by traffic. Surrounded by residential towers, major retailers, and rapid transit, this location offers outstanding visibility and growth potential. Perfect for launching a new concept or operating an existing brand in a highly sought-after corridor. Basic rent is $4,562.23 per month. Approx. 830 sq ft restaurant space. All measurements are approximate and must be verified by the buyer.

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New property listed in Mosquito Creek, North Vancouver

I have listed a new property at 130 700 Marine Drive in North Vancouver. See details here

Established Business, 886 sq.ft. with handful of clients and opportunities for new clients. The business focuses at beauty should be as pure and radiant as nature and harnessing the power of natural ingredients. From luxurious skincare essentials to indulgent beauty treatments. Close to amenities and transit. Open to new opportunities and new owner concept. Three Skin care rooms, Reception and a small kitchen, Gross lease is 5700$ per month (GST Excluded)

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Open House. Open House on Saturday, August 23, 2025 2:00PM - 4:00PM

Please visit our Open House at 2459 Mathers Avenue in West Vancouver. See details here

Open House on Saturday, August 23, 2025 2:00PM - 4:00PM

This renovated Dundarave home sounds like a seaside paradise! With its proximity to the beach and all the amenities of beachside living, it offers a lifestyle of relaxation and enjoyment. It's fully renovated, ensuring modern comforts and style. And with four upper bedrooms, each with an ensuite, privacy and convenience are assured for the whole family or guests. The private, fenced backyard and double car garage are additional bonuses, providing space for outdoor gatherings and convenient parking. Plus, the generous media/recreation room offers flexibility for entertainment and leisure activities. This home has everything on many people's wish lists for a coastal lifestyle. Contact me today for your private tour. Irwin Park Elementary and West Vancouver High school catchment.

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New property listed in West End VW, Vancouver West

I have listed a new property at 829 Denman Street in Vancouver. See details here

Established and profitable Tobacco shop, fully renovated, 864 SF with handful of clients and opportunities for new clients. Lots of residential in the area. Located on busy Downtown, Vancouver. Hight foot traffic. Lease $5892 $ per month end at July 31, 2026 with an option to renew for a renewal Term of another three (3) years. Open concept will allow you to bring your own creativity to the space. Inventory is not included in the listing price!

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