Barbara Nocon Real Estate

Fall 2026 Housing Supply Report
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National Day for Truth and Reconciliation

Metro Vancouver and Fraser Valley Sales Soften
As someone who’s guided clients through the many neighbourhoods of Metro Vancouver and the Fraser Valley, I’m keeping a close eye on the recent shift in our local market. Mid-Q3 saw only 1,900 residential sales across Metro Vancouver—a noticeably softer close to the summer of 2026 and another month where activity lagged behind earlier forecasts. Prices are reflecting this change: the composite benchmark edged down to $1.08M from early Q3, and buyer-friendly conditions are becoming more pronounced. Inventory has climbed to 15,800 active listings, which means those on the hunt for a new home have more options and more negotiating power than we’ve seen in a while. Detached homes felt the biggest adjustment, now benchmarking at $1.8M, while apartments and attached homes sit at $686K and $1.03M, respectively. With a sales-to-active listings ratio hovering near 12%, it’s officially a buyer’s market—ample selection and space to negotiate are the new norm. If you’re considering a move in or around any of the areas I work—whether it’s Port Coquitlam, Vancouver East, Surrey, or beyond—understanding this landscape is key to making thoughtful decisions.

Canada’s Housing Market Eyes 2027 Recovery
As we look ahead to 2027, Canada’s housing market is showing signs of early recovery—resales are picking up, inventory has steadied, and property values are finding their footing. Improved affordability and strong employment are giving buyers renewed confidence, and it will be telling to see how quickly those who waited on the sidelines step back in, now that many are financially ready to move forward. For 2026, projections show home resales dipping about 4% to around 453,000 and benchmark prices easing approximately 2% to $794,000, but a gentle rebound is anticipated in 2027. With borrowing costs near their lows and central bank rates expected to hold, the environment could remain supportive, though we’re all keeping a close eye on global trade and energy markets. The forecast suggests all provinces will see both sales and prices rise in 2027, but the recovery may feel patchy rather than dramatic. Across markets from Port Coquitlam to Vancouver East and beyond, I’m watching these shifts closely to help clients make informed decisions, whether you’re preparing to buy, sell, or simply curious how these trends might affect your neighbourhood.

Canada Fee Cuts Could Unlock Supply
Development fees are a hot topic for anyone following Canada’s housing market, and their impact on affordability is hard to ignore. The national housing agency recently highlighted that cutting these fees could make about 14% more new residential projects viable—potentially a real game-changer, especially in cities like Toronto and Vancouver. For instance, if development charges were eliminated, Toronto could see enough new builds to meet half its stated supply need, and both Toronto and Vancouver could boost viable projects by around 10%.

For those of us working across Greater Vancouver and the Fraser Valley, these numbers are particularly striking. Calgary’s development fees, for comparison, range from about $4,000 for a one-bedroom high-rise to $9,000 for a detached home—far less than Vancouver’s $20,000–$33,000 range. While these fees are essential for funding roads, sewers, and city administration, there’s clearly a balance to strike. Lowering fees, especially on family-sized homes, could make it easier for developers to build larger units that families need, helping new construction compete with the resale market—no small feat in our area’s high-cost environment.

As someone who’s navigated listings from Vancouver East to Port Moody and throughout Surrey, I see firsthand how these factors influence what’s available to buyers and families. The conversation about fee structures isn’t just policy—it shapes our communities and the real choices people have when looking for a home.

Canada's housing market 'finally' moving toward recovery this year: RBC
I’m seeing encouraging signs for those keeping an eye on Canada’s housing market: the latest RBC update points to a market that’s beginning to find its footing again. Home resales are rising, inventory is stabilizing, and prices are leveling off. According to RBC, resales may dip by 3.6% this year but are expected to bounce back with a 6.7% increase next year, along with modest price growth as interest rates remain steady and we navigate some external uncertainties. In my experience helping clients throughout Port Coquitlam, Vancouver East, Surrey, Burnaby, Langley, and beyond, I know how important it is to stay informed on these trends. Watching the numbers is key to making confident decisions—whether you’re buying, selling, or simply tracking the market’s pulse.