Vancouver moved into moderate bubble-risk territory in the current global index as price declines and elevated financing costs cooled demand in the local housing market.
Real house prices in Vancouver were ↓~10% over the past year after the city had previously carried a high bubble-risk designation in 2021.
The shift also reflected tougher rules, from new taxes and purchase bans to rent controls, which dimmed Vancouver's appeal as a once sought-after market.
Affordability remained strained: entry costs stayed prohibitive for many first-time buyers, keeping rental demand elevated and supporting existing landlords, though with lower price-growth expectations.
Near term, higher-for-longer financing costs are likely to cap Vancouver price gains, while ongoing supply constraints and firm rental demand support housing's medium-term inflation-hedge case.
Vancouver Housing Bubble Risk Eases | The market is moving — your wealth should be too! Call to see how we can help shape your financial future.

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