New HouseSigma data analysis on January 2026 market statistics (see infographic below) show a series of six market trends that were also seen recently in Greater Toronto, Metro Vancouver, and Greater Calgary prior to residential resale prices declining in those regions.

1. Sales have dramatically declined: HouseSigma’s sales data shows Greater Edmonton sales fell 26.3% year-over-year, from 1,592 to 1,173. The RAE’s official Greater Edmonton figure is similar, a decrease of 27.6 per cent compared with January 2025. When sales drop, prices usually follow, often with a three- to six-month lag.

2. Inventory is surging: Realtors Association of Edmonton reports 4,901 active listings in January, 32.7% higher than January 2025. The slowing of sales combined with new listings coming on stream has exponentially increased inventory levels.

3. Market absorption is plummeting: The sales-to-active listings ratio puts Greater Edmonton firmly into buyers’ market territory. This ratio is a leading indicator of where prices are heading, as when buyers have the upper hand, prices inevitably fall.

4. Homes are taking much longer to sell. Average cumulative days on market lengthened to 90 days, from 71 a year earlier. The longer homes take to sell, the more prices have to eventually fall — and the less pressure buyers have on them to pay full price. 

5. The share of homes selling above asking has collapsed, while below asking has risen: Our infographic shows only 12.7% of January 2026 sales went over asking, while 79.6% sold below list. This below-list proportion has dramatically increased compared with same metric across all of 2025.

6. The benchmark price has already started to crack: While median prices in HouseSigma data still show small year-over-year gains, the MLS Home Price Index — which controls for the mix of homes selling — tells a different story. RAE reports that the composite benchmark price in Greater Edmonton was $415,000, decreasing 0.1% from December 2025 and 1% year-over-year. 

“Greater Edmonton is clearly a transitioning market. Sales have slowed and inventory is building, which typically puts downward pressure on prices. I expect we’ll see moderate price adjustments in 2026, particularly in the condo segment, but not a severe correction. Affordability and steady demand fundamentals should help prevent a dramatic drop.”

Jay Sandhu, leading HouseSigma agent in Edmonton

Even the notable market outliers are demonstrating lower over-asking extremes. The home that sold in January for most over asking price, by both dollar amount and percentage, was this 1970s Sherwood Park house. It sold for $100,100 over its $449,900 asking price, which was a 22.2% premium — generous, but not as high as some of the outliers we saw in the region last year.

The residential property that went for most under asking by dollar amount was an architecturally striking five-bedroom house in the Heritage Valley area, which sold for $349K less than its $2,499,000 list price. By percentage amount, the home that lost the most was a manufactured home in Gibbons, the final sale price of $75K being 24.2% lower than its $94,900 asking price.

Check out the January 2026 Greater Edmonton PriceWatch infographic below for more real estate market data, including breakdowns by property type and municipality.

Keep your eye on our Alberta blog page to stay up to date with market trends, sales data, and remarkable listing stories.

The post Infographic: Greater Edmonton home prices poised to fall in 2026, market indicators reveal appeared first on HouseSigma.

Property type: Year over year, City of Calgary median detached sales have barely dipped (-2.4%) and buyers are still competing for houses, whereas attached and condo sales numbers both fell by around 25% over 12 months. The upper arm of the K is shown by detached homes, still thriving, compared with the lower arm of attached homes and condos, dropping in sales volumes. Price declines tend to lag dropping sales volumes as inventory builds up, so we expect to see steeper price drops in condos and attached homes in the coming months, compared with detached homes.

Geography by quadrants: Thriving parts of the city are the South-West (where median sale prices in January were up 7.2% year-over-year) and North-West (+2.4%), while the South-East (-5.8%), North-East (-2.3%) and condo-heavy city central core (-3.6%) flounder.

Where the two (home type + geography) intersect: The South-West quadrant is the most detached-heavy, higher-income part of the city, so it benefits on both the property type and the geography aspects. Calgary’s central core and North-East are where condo and affordable multi-family concentrate, so that’s pulling those areas down.

A tale of two market realities: All the above means today’s detached home buyer in South-West Calgary is living in a real estate market where prices are robust and competition for homes is still real. Whereas a condo buyer in the Inner City or North-East is living in a world where prices are down and inventory is piling up, giving the buyer the advantage in a struggling market. Same city, same month, two different realities.

CREB stats support this data: CREB’s January 2026 figures on sales volumes and prices mirror the above. They also show detached homes at just 2.67 months of supply (a seller’s market) versus condo-apartments at 5.26 months (balanced but leaning towards a buyer’s market), and North-East condo-apartments at nearly 13 months (deeply distressed). Not to mention there are 26,000 units under construction that will mostly hit the already-oversupplied condo segment. The K shape to this market doesn’t look like it will resolve any time soon. 

Sale versus listing prices: When looking at how much Calgary buyers paid in January 2026 compared with the final listing price, the South-West is worth noting. Even though HouseSigma data shows its median discount is moderate at -2.11%, it has by far the highest share of over-asking sales at 14% and the lowest share of under-asking sales at 80.3% (see infographic below). That’s where the bidding wars are happening, which lines up with the South-West being the strongest quadrant on price growth.

The wider Greater Calgary region: Zooming out on the wider region and including other municipalities from Chestermere to Canmore, the K-shape shows up in the sales versus listing price analysis again. Detached homes across the region have the tightest gap — sellers are only giving up about 2% on average, and nearly 1 in 5 detached sales went at or above asking (18.4% combined). Condos are a different story entirely — the typical condo sold 3.2% below asking, and fewer than one in 12 went over asking (3.6%). Over 91% of condo sales closed below list price.

Raj Sandhu, a leading HouseSigma agent in Calgary, said, “Detached homes, especially in the SW, still have real competition and confidence behind them, while condos are sitting longer and buyers know they have leverage. Until supply balances out, that split is going to stay with us.”

Looking at the extreme individual outliers in sale versus listing price, the Greater Calgary home that sold in January for the most over asking price, by dollar amount, was this pretty bungalow in a highly sought-after Roxboro location. it went for $201,100 over its near $1.6 million price tag — we’re guessing this could have been a developer bidding war. By percentage, the highest gain was a 23% premium paid for this modern West Springs house with an unfinished renovation, which had been listed for $650,000 but sold at $800,000.

At the other end of the scale, the biggest price haircut was seen by this large Pump Hill house, which gave the buyer a $288,777 discount off its $2,888,777 asking price. That was not the largest percentage decline, which went to a modest bungalow in Parkhill that was clearly sold for its lot. It went for $760K, more than 23% off its $895K list price.

Check out the overall Greater Calgary January PriceWatch infographic below for more details on home prices and regional breakdowns.

Find Calgary-region homes for sale on our Map Search page, where you can filter for price, property type, and much more. Plus, keep your eye on our Alberta blog page to stay up to date with market trends, sales data, and remarkable listing stories.

The post Infographic: In Calgary’s K-shaped real estate market, some parts thrive while others dive appeared first on HouseSigma.

Even though prices have been gently rising, the median price of a condo-apartment in the region in December 2025 was just $219,000. So, it stands to reason that $350,000 would be a realistic budget for a starter home, or for someone moving up from a small condo-apartment to something a little bigger.

But what homes can you buy for $350,000 in Edmonton and its surrounding communities? There’s a big variation on age and property type, depending on your location and what you’re willing to trade off.

We took a hard look at current Edmonton listings to find what this budget will typically buy you in each area, and offer a representative sample listing that’s currently for sale (all active listings at publication on January 29, 2026).

Edmonton: Downtown/Oliver

In Edmonton’s urban condo market, for a budget of $350K or thereabouts, you’re looking at a two-bed apartment around 1,000 square feet, typically 15-25 years old, at $350/sqft. You sacrifice about 25% of the space compared with suburban townhouses, but gain walkability and proximity to restaurants, transit, and downtown employment.

Typical listing: Unit 703 – 10028 119 Street NW, Oliver

This is a two-bed, two-bath, 1,060-square-foot condo-apartment with city views in Oliver, close to the River Valley trail system, as well as many cafés, bakeries, restaurants, galleries, and parks. The main bedroom has a generous walk-in closet, and the second bedroom is separated from the living room by glass French doors. There’s an in-suite laundry with storage, and the building offers heated underground parking, storage lockers, guest suite, car wash, and visitor parking.

Edmonton: Suburbs

If you want to be in the city but don’t want a downtown condo, the suburban areas offer the sweet spot for space and value. For around the $350K mark, you’ll get a two- to three-bed condo-townhouse around 1,340 square feet, typically 10-15 years old, at $263/sqft. Communities like Heritage Valley, Rutherford, Walker, and Griesbach currently dominate this segment.

Typical listing: Unit 74 – 14621 121 Street NW, Caernarvon

This three-bed-plus-den condo-townhome was built in 2013, but has a refurbished exterior and a brand-new 2025 interior renovation. There’s a new kitchen with ceiling-height cabinetry, soft-close drawers, quartz countertops and backsplash, and stainless steel appliances, plus new vinyl plank flooring throughout, upgraded lighting, black hardware, and a smart thermostat. The 1,231-square-foot home is also a stone’s throw from Caernarvon Park.

Sherwood Park

As we move out of Edmonton, we find that per-square-foot prices don’t come down too much, given that communities just outside of the city aren’t too far away and are considered as desirable as Edmonton’s suburbs. Sherwood Park is one such area, with a mix of townhouses and duplexes at $350K. This will buy a two-bed townhome unit typically around 1,285 square feet, about 10-20 years old, at $287/sqft.

Typical listing: Unit 68 – 301 Palisades Way, Sherwood Park

This three-bed, three-bath, 2013-built condo-townhome with reasonable condo fees offers quick access to Hwy 16 and Anthony Henday, plus nearby restaurants, shopping, schools, parks, and walking trails. There’s a south-facing back patio off the kitchen-dining area overlooking the courtyard. The interior has upgrades including dark laminate flooring and stainless-steel appliances. There’s a dedicated laundry room, and the main bedroom has a large ensuite and walk-in closet. There’s also a finished basement rec room/office downstairs, next to the garage.

Beaumont

The small-town, bilingual community of Beaumont has very limited current inventory at the $350K mark, but when you can find it, it often offers decent value. If you’re patient, you can find a two- to three-bedroom duplex around 1,250 square feet, usually averaging about 24 years old, at $303/sqft. However, sometimes newer inventory is available, which happens to be the case with our sample listing.

Typical listing: 90 Dansereau Way, Beaumont

This is a brand-new, unlived-in freehold townhome (meaning there are no condo fees) with two bedrooms and 2.5 bathrooms. The house has high-end finishes, nine-foot ceilings, vinyl plank flooring, and large windows on the main level. Upstairs, there are dual primary bedrooms, both with ensuite bathrooms, plus a laundry area. Outside, the home offers a detached double garage, landscaped yard, and a private patio.

Spruce Grove

Heading north-west, Spruce Grove at the $350K price point is one of the best areas for newer builds right now. You can typically get a two-bed townhouse around 1,275 square feet, many just a few years old, at $291/sqft. Or, pick a slightly older townhome with a better price per square foot, like the one listed below.

Typical listing: Unit 2 – 300 Queen Street, Spruce Grove

This two-bedroom, 1,400-square-foot unit was built in 2012 and is located in the heart of Spruce Grove. The main floor offers open-concept living, including a wrap-around kitchen with dining area. Upstairs are dual primary bedrooms, both with walk-in closets and ensuite bathrooms, plus a laundry room and a nook. The hot water tank, refrigerator, dishwasher, washer and dryer have all been recently replaced, plus it has a private back balcony, no rear neighbours, an attached garage, and is near public transportation and walking trails.

St. Albert

St. Albert is a city of older housing stock, but what you gain is mature, established communities. For around $350K, you’ll get a three-bed townhouse of approximately 1,260 sqft, typically 40-50 years old, at $281/sqft.

Typical listing: 324 Grandin Village, St. Albert

This is an older, 1,162-square-foot, three-bedroom condo-townhome, built back in 1975. But we’re loving the brand-new interior renovation, especially that kitchen with quartz countertops, new dual-tone cabinetry with pantry space, and updated appliances. There’s new vinyl plank flooring and carpet throughout, updated light fixtures, and the bathrooms are renovated with a new stand-up shower, new bathtub, modern tilework, and updated plumbing fixtures.

Stony Plain

Out in Stony Plain, this price point is split between duplexes and detached homes in the current inventory. A three-bed home around 1,220 square feet, about 20-30 years old, at $286/sqft, is what you can expect to land.

Typical listing: 41 Graywood Cove, Stony Plain

This detached, three-bedroom house is close to schools, golfing, stores, and medical services. It was built in 2003 but it’s seen some upgrades: all the appliances are two years old or newer; the roof shingles and hot water tank were installed in 2020; there is new lighting and paint throughout the home; and there’s new carpet in the living room, plus new vinyl floors in the hallway and the large primary bedroom. It is on a large pie-shaped lot that is fully enclosed with a new fence that has solar lighting on the posts.

Fort Saskatchewan

Right now, for $350K, Fort Saskatchewan offers the newest inventory in the region. You’ll probably get a three-bed townhouse or duplex around 1,260 square feet, just six years old on average, at $283/sqft.

Typical listing: 90 Elliot Wynd, Fort Saskatchewan

It doesn’t get much newer than this: this townhome isn’t even completed yet, and the picture here is a rendering. The home is located in one of Fort Saskatchewan newest communities of Southpointe, and is due for completion in April this year. It has two/three bedrooms, three bathrooms, and 1,250 square feet. On the entry floor is a flex room (could be an office or bedroom) next to the entrance from the garage, with a three-piece bathroom. The second level offers the modern open-concept living space, leading onto a deck, while the upper level has two bedrooms and two bathrooms.

Leduc

Going further south of Edmonton, Leduc offers $350K-budget buyers the highest proportion of single-family detached homes — you pay more per square foot, but you get your own lot. For this money, expect something like a small, three-bed detached house around 1,135 sqft, about 30-50 years old, at $327/sqft.

Typical listing: 4129 South Park Drive, Leduc

This 1,070-square-foot house has three bedrooms and three bathrooms, as well as a partially finished basement. It is on the older side, having been built back in 1972. However, some of the most recent upgrades include a new hot water tank, new vinyl plank flooring, a new living room window, fresh paint, upgraded electrical, a new ensuite vanity, and new fencing.

Find Edmonton-region homes for sale on our Map Search page, where you can filter for price, property type, and much more. Plus, keep your eye on our Alberta blog page to stay up to date with market trends, sales data, and remarkable listing stories.

The post Entry-level in Edmonton: What homes $350K buys in and around Edmonton appeared first on HouseSigma.

But what exactly does $500K buy you? Are we talking condos only, or townhouses? And are there any areas where $500K will stretch to a detached house, or a home with four bedrooms?

To find the answers to these questions, we analyzed current listings in Calgary’s inner city, suburban quadrants, and further-afield municipalities. We profiled typical $500K homes and found current listing examples in each area, so you can see how much bang you can get for your buck.

Raj Sandhu, a leading HouseSigma agent in Calgary, said, “In today’s Calgary market, $500,000 is a true transition price point. It can mean a well-located condo, a modern townhouse, or a modest detached home, depending entirely on where buyers choose to compromise on space, age, or proximity to the city. Either way, it’s a trade-off.”

Check out the regional property profiles and sample listings below (all active listings at publication on January 27, 2026), and let us know if the results surprised you!

Inner-City Calgary

Inner-city condos at $500K are typically two-bedroom units, 900-1,100 square feet, mostly built in the late 2000s to mid-2010s. Beltline dominates inventory due to the condo construction boom in the area. Expect to pay $450-$550/sqft — you’re paying for walkability and urban lifestyle.

Typical listing: Unit 2305 – 433 11 Avenue SE

A two-bedroom, two-bathroom unit in the Arriva building, this condo is located near the future Flames arena and Calgary’s entertainment district. It is 1,018 square feet and was built in 2008. It has a small balcony with an epic city view. The building offers a 24-hour concierge/security, central air conditioning, guest suites, an owner’s lounge, and pet-friendly living.

Calgary North-East

Typical for the North-East quadrant at around $500,000 are smaller two-bedroom homes from the 1980s, usually bungalows, and generally under 1,000 square feet. Note the higher price-per-square-foot ($530-$600) than inner-city condos, because you’re paying for land and a detached structure, not just building size.

Typical listing: 139 Castledale Way NE

This is a detached home located on a quiet street in Castleridge. It is a split-level bungalow with an open-concept layout, three bedrooms, and two bathrooms. It was built in 1987 and is a modest 847 square feet. The lower level has a family room with a wood-burning fireplace, the third bedroom, a full bathroom, and a dedicated laundry area.

Calgary South-East

The South East gives buyers with $500K two distinct paths — newer townhouses in communities like McKenzie Towne, Auburn Bay, and Cranston with 1,100-1,300 square feet of living space, or older, smaller, but detached homes in established areas like Ogden, Erin Woods, and Forest Lawn. Our representative listing is typical of the former.

Typical listing: 63 Elgin Meadows Park SE

This bright townhome, which was built in 2012, has 1,283 square feet of living space on two finished storeys, plus there’s an unfinished basement. The kitchen has granite countertops, stainless steel appliances, a corner pantry, and a custom coffee bar. The home offers dual primary bedrooms, both with ensuite bathrooms, as well as a third bathroom, and a den. It is also a stone’s throw from the Nature Reserve.

Calgary North-West

North West townhouses at this price point tend to be slightly larger (1,350-1,600 square feet) with improved value at typically $300-$370/sqft. Neighbourhoods such as Sage Hill, Evanston, and Royal Oak deliver the best examples of the typical NW $500K purchase — two-bed units around 10-20 years old.

Typical listing: 156 Royal Manor NW

This 1,423-square-foot, 22-year-old townhome is in Royal Oak, close to the C-Train station and local amenities. The main level has open-concept living, along with a den and powder room, while upstairs there is a primary bedroom with ensuite, another bedroom, family bathroom, and a media area that could be converted to a third bedroom.

Calgary South-West

For $500K in the South West, townhouses cluster around 1,250-1,400 square feet, often newer construction. Shawnee Slopes and Springbank Hill offer good value, while Aspen Woods commands a premium. Expect to pay $350-$420/sqft.

Typical listing: 305 Shawnee Square SW

This new townhome was built in 2025, with more than 1,300 square feet of living space. It has a double attached garage, as well as dual primary bedrooms, both with en-suite bathrooms and walk-in closets. The kitchen has sleek cabinetry, white quartz countertops, and stainless steel appliances. The home has LVP flooring throughout and an upper-floor laundry.

Chestermere

Chestermere at the $500K price point offers the newest homes in the region (averaging three years old) and of course, they are almost all townhouses. But inventory at this budget is limited, with only 6% of the current Chestermere market accessible for around $500K.

Typical listing: 3586 Chestermere Boulevard

This freehold, street-facing townhome is located in Phase 2 of the Clearwater Park community in Chestermere, and was completed in 2025. It has three bedrooms, three bathrooms, and an upgraded appliance package in the open-plan kitchen. It is located near Clearwater Park’s resident-exclusive community centre and is close to retail stores.

Airdrie

For a $500K budget, Airdrie offers the most inventory outside of Calgary proper, with 14.8% of the current market accessible at this price point. The homes are typically newer but not brand-new townhouses, at around 10 to 15 years old.

Typical listing: 1012 Windsong Drive SW

This 1,500-square-foot, end-of-row townhome was built in 2011, but has modern updates and is move-in-ready. The upper level has new laminate flooring and updated lighting, and there’s a brand-new washer and dryer set. Upstairs, in addition to two bedrooms, there is a spacious media area that leads to a balcony. There’s also a finished basement that is being used as a gym.

Cochrane

For around $500K in Cochrane, nine out of 10 listings are townhouses, but newer at an average of eight years old — and, of course, you have that scenic mountain-adjacent location.

Typical listing: 165 Sundown Road, Cochrane

This is a nine-year-old, three-bed, three-bath, three-level, freehold townhome with no condo fees. The main living space is on the second floor and has a spacious kitchen with a large island, quartz countertops, and stainless steel appliances. It also features a dining area and a family room that leads out to a deck with a gas line for a barbecue.

Strathmore

For this smaller budget, Strathmore is one of the areas that gives you the best shot at a detached house, as 68% of $500K-ish homes are detached. However, they tend to be older and smaller. So, if you want something newer and upwards of 1,300 square feet, you might have to share a wall with a neighbour.

Typical listing: 5 Greenview Way, Strathmore

This 1,062-square-foot detached home from 1992 boasts a living room with large front window, and a kitchen with oak cabinetry, updated hardware, and newer appliances. The home has three bedrooms and a full bathroom on the main floor. The fully developed basement offers an additional bedroom, two flex spaces, and another full bathroom.

Okotoks

Okotoks is another spot where you could get a detached home for $500,000, but you might have to be lucky at that price. Across the whole Okotoks current inventory, about three-quarters of homes are detached, but the homes are older and, more importantly, less than 6% of the market is accessible at the $500K price point. But some homes are there, if you look for them.

Typical listing: 25 Westfall Drive, Okotoks

This pretty, four-bed, two-bath home has 1,343 square feet of living space, located on a corner lot in the Westridge community in Okotoks. The main level of the home features a bright, open-concept dining and kitchen space with an abundance of natural light, a semi-open-plan living area, and three bedrooms. There’s also a one-bedroom basement with a separate entrance.

High River

High River offers the highest proportion of detached homes among current listings (79%), but also the oldest homes (42 years old on average) and is further away from Calgary. For those who don’t need to commute into the city, it’s a good option for a family home at around $500,000.

Typical listing: 406 8 Avenue SE, High River

This 1940-built bungalow has been stylishly renovated and offers 1,352 square feet of finished living space with four bedrooms and two bathrooms. The main level features two bedrooms, an upgraded bathroom, a dining room, and a kitchen with brand-new cabinets and hardware, upgraded appliances, and a walk-in pantry. The basement has two bedrooms and a bathroom, as well as an unfinished area with roughed-in plumbing that could be an additional suite, but would need the appropriate building permits.

Olds

Olds offers the best value overall, with 78% of current listings being detached homes, but it’s nearly an hour’s drive from Calgary. If it’s more space and less bustle you’re looking for, Olds can offer some great properties for around $500,000.

Typical listing: 5412 61 Avenue, Olds

This detached home has two bedrooms on the main floor, and two additional bedrooms downstairs. The semi-open-plan main living space has a vaulted ceiling, and the basement adds a recreation room. The well-proportioned primary bedroom has a walk-in closet and a three-piece ensuite. There’s also a large garage, and it’s all on a generous corner lot.

Canmore

Here’s a curveball. Canmore is both a geographical and market-condition outlier among this group, but it’s still within HouseSigma’s Greater Calgary region, so we’re including it. Of course, $500K gets you much less in this desirable mountain resort town — typically a small condo — and only 2% of current inventory is around this price point. But for those who have around $500K to spend on a unit, whether to live in or to rent out (subject to zoning) for a high price while living elsewhere, there are a handful available.

Typical listing: 212B – 1 Industrial Place, Canmore

This west-facing, one-bedroom, loft-style home offers just over 605 square feet of living space, with an open layout, high ceilings, and mountain views to each side of the covered balcony. The home is steps from schools, the Canmore Arena, Canmore Golf & Curling Club, and the skate park.

Find Calgary-region homes for sale on our Map Search page, where you can filter for price, property type and much more. Plus, keep your eye on our Alberta blog page to stay up to date with market trends, sales data, and remarkable listing stories.

The post Starter condos to family homes: What $500K buys you in Calgary and the wider region appeared first on HouseSigma.

The homes range from a mega property combination deal, to a turreted party mansion that looks straight out of The Great Gatsby, to refined and elegant urban homes. Plus, there are a LOT of beautiful swimming pools to envy!

Check these amazing properties out below, then head to our home page to see more sold and for-sale homes in your area, where you can filter by price and many other attributes.

1. North York property combo: $27.325M

20/22 Park Lane Circle, North York: We have to admit, this property sale – which is higher priced than any on the Metro Vancouver most expensive sales list – is a bit of a cheat in terms of ranking #1 on this list. It’s actually two neighbouring North York properties combined into one deal – one for $16.205 million and one for $11.12 million, which closed on the same day to the same buyer. So, although the combination makes it Canada’s highest priced residential resale property deal of 2025, it’s not actually the individual most expensive Canadian home sale of the year (that title goes number 2 on this list).

Details: 8 bed, 9 bath • Sold February 4, 2025

2. Palatial party pad: $17.8M

15466 The Gore Road, Caledon: What in the Great Gatsby is this? Just… wow. We figure this huge, turreted home in Caledon on a vast property could host the most epic party the GTA has ever seen. And, at $17.8 million, its sale in May was the highest priced single residential resale transaction of 2025, anywhere in Canada (according to MLS records and not counting farms/ranches, land-based deals, or any off-market transactions). The main home has incredible interiors and gorgeous finishes, such as double-height ceilings and internal stone walls. The property includes 52 acres of forested land, with trail walks, a stream with waterfalls, and a “beach house” for guests on one of the small lakes – which have fountains, of course.

Details: 7 bed, 9 bath • Sold May 1, 2025

3. Sleek and stylish architectural home: $16.18M

11 Thornwood Road, Toronto: This Rosedale home, named Thornwood House and designed by KPMB Architects, is as much art as it is house. It was designed to showcase artwork and let in tonnes of natural light. The dark, mysterious frontage of the house is contrasted by the wall-to-wall windows around the back L-shape of the building, offering views of a serene garden. We hope the new owner is a car lover, as there’s also a garage with a car lift to store an extra vehicle underground.

Details: 5 bed, 8 bath • Sold May 11, 2025

4. House fit for King: $13.45M

72 Manitou Drive, King: This is a huge French chateau-style home that seems built for royalty, with 22,000 square feet of living space, located in the Narrows of Kingscross Estates. The home is wall-to-wall marble and ultra-luxury finishes throughout. The grounds feature a circular parking courtyard and driveway for up to 20 cars, plus there’s an underground garage for an additional 10 cars. There is also a tennis court, and separate 3,400sf building housing a heated saltwater indoor pool with mural ceilings.

Details: 7 bed, 6 bath • Sold February 7, 2025

5. A rose in Rosedale: $13.2M

20 Elm Avenue, Toronto: This is a real Rosedale gem – an elegant home from 1890 that has been meticulously restored to state-of-the-art standards. The 135-year-old home offers over 11,500 square feet of living space across four levels, with original architectural details including hand-carved moldings, eight fireplaces, and a dramatic entrance foyer, plus they have installed a four-floor elevator. Outside it has one-third of an acre of gardens, including a terraces, patios, a shaded pool, and mature trees.

Details: 6 bed, 9 bath • Sold August 30, 2025

6. Brand-new penthouse: $12.5M

7 Dale Avenue #PH3, Toronto: The only condo on this top 10 list, this is a penthouse at the exclusive and striking 7 Dale Avenue building – designed by architect Hariri Pontarini with the interiors by Studio Munge, and completed last year. This unit boasts a huge outdoor terrace with Rosedale and wider city views, and 4,200 square feet of indoor living space. The listing shows no interior images, and the description says the as-yet-unlived-in penthouse listing is “presented with the opportunity for the purchaser to choose their colours and materials” – so we believe it was not finished upon listing, but sold at the completed price.

Details: 4 bed, 4 bath • Sold October 14, 2025

7. Riches in Richmond Hill: $12.25M

61 Westwood Lane, Richmond Hill: At first glance, this Richmond Hill residence is all about the grandeur. Custom-built in Georgian style (except, you know… new), the house showcases such extravagant features as 23-foot ceilings in the rotunda-style entrance foyer, and formal topiary on the pool terraces. But inside, the house is surprisingly livable and accessible, while still being very luxurious. Outside, there’s a tricked-out pool cabana with a bathroom, laundry room, and an outdoor kitchen with a grilling station and a wood-fired pizza oven.

Details: 6 bed, 10 bath • Sold April 29, 2025

8. Design-magazine-style home: $12.2M

18 Chestnut Park Road, Toronto: The charming family-home exterior of this Rosedale house belies the design-magazine-quality modern interiors, which are jaw-droppingly sumptuous. Just check out the listing photos – especially that high-end-club-style basement recreation space. That wine room is something else, too.

Details: 6 bed, 7 bath • Sold October 14, 2025

9. Burlington family estate: $12M

4472 Escarpment Drive, Burlington: Located in enclave of The Bluffs in Burlington near the Bruce Trail, this custom-built family home sits on two acres of land. The home offers 15,000 square feet of living space, with seven bedrooms, 11 bathrooms, an elevator, a movie theatre, a spectacular two-storey gourmet kitchen, and an expansive outdoor pool area.

Details: 7 bed, 11 bath • Sold June 24, 2025

10. New-build Forest Hill home: $11.9M

228 Dunvegan Road, Toronto: Back in the city, the last on our list is a newly built home in Forest Hill. The house has nearly 9,000 square feet of modern living space, and was created by architect Richard Wengle and built by Marvel Homes. Out back, there’s a yard with a shady swimming pool and a terrace for outdoor dining.

Details: 6 bed, 9 bath • Sold August 1, 2025

Keep up to date with our Ontario real estate blog, with market news and listing articles, here.

The post Gatsby-style partying to refined urban living: The top 10 most expensive GTA home sales of 2025 appeared first on HouseSigma.

Here at HouseSigma, we decided to highlight the most expensive home sales in the region across all of 2025. That’s assuming no others make the cut in the next two weeks, in which case we’ll update this list!

The properties range from palatial mansions to storied penthouses, as well as some pads with the most perfect pools! The prices are eye-watering, but you’ll see from the sales and listing histories that they’re not as lofty as in previous years.

Check these amazing properties out below, then head to our home page to see more sold and for-sale homes in your area, where you can filter by price and many other attributes.

1. Chateau Eyremount: $17.5M

820 Eyremount Drive, West Vancouver: This palatial home, named Chateau Eyremount, is located high in the glitzy British Properties and wouldn’t look out of place in Versailles. It is pure grandeur throughout, and includes an indoor swimming pool and the obligatory double-curved staircase. It sold for $1,380,000 less than its asking price in August this year, after eight months on the market. The property was previously sold as a vacant lot in 2016 for $6.28 million, and radically developed with this house that was finished in 2022. Interestingly, there was also an attempted, but expired, listing for the development opportunity from September 2018 all the way to January 2020, at just shy of $10 million.

Details: 6 bed, 8 bath • 11,236 sq ft • Built 2022 • Sold August 26, 2025

2. Hotel Georgia penthouse: $15.75M

667 Howe Street #4801, Vancouver: The luxurious penthouse at the Residences at Hotel Georgia is second on our list at $15.75 million. That’s a lot of money, but it masks the rollercoaster history of this full-top-floor unit, on which fit-out was finally done in 2019, six years after the building was completed. The developer has had a series of listings for this condo, with its asking price peaking at more than $32 million in 2022, and gradually reducing the price over the years since then. Fun fact: back in 2015, this author hosted a real estate magazine party in this very penthouse when it was still an unfinished shell and the developer was asking $18 million for it! The developer would have been disappointed to know back then that it would take another decade to offload – and at a lower price, despite being expensively finished.

Details: 4 bed, 7 bath • 7,236 sq ft • Built 2019 • Sold August 1, 2025

3. University-adjacent family home: $15.18M

1416 Wesbrook Crescent, Vancouver: Close to the University of British Columbia (UBC) and overlooking the mountainous Howe Sound is this 2005-built family house. The large home has close to 8,000 square feet of living space as well as an outdoor pool. It may be gorgeous, but this home took a knock down from its asking price of $18.8 million, selling for $15.18 million in June this year. It last sold in 2015 for more than $16 million, so the sellers have taken a loss.

Details: 6 bed, 8 bath • 7,876 sq ft • Built 2005 • Sold June 2, 2025

=4. Elevated view mansion: $15M

5795 Newton Wynd, Vancouver: Also located near UBC, this grand house may not look huge from this angle, but it’s the second largest on this list of huge homes, and is three storeys at the back. The house was built in 2016, and the property was previously sold as a teardown in 2010 at just under $12 million. Given that it just sold for $15 million, we hope the owner didn’t put more than $3 million into the build!

Details: 6 bed, 10 bath • 11,285 sq ft • Built 2016 • Sold September 2, 2025

=4. Kengo Kuma penthouse: $15M

1568 Alberni Street #PH1, Vancouver: Joint-fourth on our list at $15 million is the penthouse at the “Alberni” building by starchitect Kengo Kuma. For those unfamiliar, that’s the new-ish tower in the West End of downtown Vancouver that looks like it has a giant shark bite out of the side. This is a first-time sale for this stunning condo, as the building was only finished in 2023. It also boasts the rarest of luxury amenities for a condo – a private rooftop pool and hot tub, in more than 2,000 square feet of outdoor living space with incredible ocean and mountain views.

Details: 3 bed, 5 bath • 4,346 sq ft • Built 2023 • Sold November 13, 2025

=6. Space in Southlands: $13.6M

3138 51st Avenue W, Vancouver: A sprawling 1990-built house in Vancouver’s Southlands neighbourhood, this luxe home sits on two acres and enjoys landscaped gardens, an outdoor pool with terrace, and a tennis court. It sold in September for $13.6 million, which sounds like a lot, but it was previously listed earlier this year for a staggering $23.88 million. The seller purchased it back in 2018 for $19.28 million, and the listing description says they have since fully renovated the home, so we’re guessing they were trying to make their money back with that previous high price. Ouch.

Details: 5 bed, 7 bath • 8,002 sq ft • Built 1990 • Sold September 5, 2025

=6. Oceanfront modern house: $13.6M

166 28th Street, West Vancouver: Another property to sell this year for $13.6 million is this oceanfront West Vancouver house, which has a pool with a spectacular view. Despite being a stunning home, this is another one that struggled to sell, with seven separate listings over 2023-2025, starting with a list price of $19.68 million.

Details: 6 bed, 8 bath • 5,933 sq ft • Built 2015 • Sold September 10, 2025

8. West Vancouver water and city views: $12.38M

2303 Palmerston Avenue, West Vancouver: Oceanview, not oceanfront, this West Coast Modern home is a custom build and packed with immaculate features. It was completed in 2021, and last sold as a teardown in 2012 for $3.45 million.

Details: 7 bed, 9 bath • 7,975 sq ft • Built 2021 • Sold May 26, 2025

9. Russell Hollingsworth retro: $11.5M

5375 Kew Cliff Road: West Vancouver: A Russell Hollingsworth-designed estate, this is certainly the most architecturally significant home on this list. It was built in 1968 and has a tonne of retro architectural features, including an indoor swimming pool with skylights. The listing description also says it’s the largest waterfront lot in West Vancouver, with 175 feet of ocean frontage on a private point, including a dock that has a boat hoist. We hope whoever snapped up this unique property will renovate it with care and respect.

Details: 7 bed, 6 bath • 7,232 sq ft • Built 1968 • Sold January 27, 2025

10. White Rock high roller: $11.48M

13790 Marine Drive, White Rock: The last to make this year’s list is an extravagant White Rock pad that has the biggest square footage in these rankings, and would come in at millions more if it was in West Vancouver. Sprawling over 12,000 square feet of living space, the house has amazing Boundary Bay views over to Washington State. It sold in October for $11.48 million, but the owner first listed it earlier this year for $14.39 million, before terminating that listing in June.

Details: 6 bed, 9 bath • 12,022 sq ft • Built 2010 • Sold October 1, 2025

Find all your market trends data for Metro Vancouver here and keep up to date with our BC real estate blog here.

The post Palaces, penthouses, and perfect pools: Metro Vancouver’s priciest home sales of 2025 appeared first on HouseSigma.

Check these amazing properties out below, then head to our home page to see more sold and for-sale homes in your area, where you can filter by price and many other attributes.

1. Riverside property parcel: $6M

5604 & 5608 Whitemud Road NW: This desirable property is something of a two-fer, given that the sale included both the large detached house at 5604 and the neighbouring lot (5608) within a single parcel. The expansive accommodation offers seven bedrooms, nine bathrooms, grand interiors, a huge outdoor deck, and lovely gardens, all right on the river. No doubt there is potential to add a new dwelling to the 5608 property, which likely would have pushed up this sale price.

Details: 7 bed, 9 bath • 8,548 sq ft • Built 2003 • Sold January 20, 2025

=2. Private forested sanctuary: $5M

4806 Mactaggart Crest NW: This 2014-built detached house in Mactaggart is surrounded by lovely birch forest, giving it a secluded feeling. The interiors boast some gorgeous architectural details, including a barrel-vaulted ceiling in the living room, while the exterior has an outdoor deck with fireplace to die for.

Details: 4 bed, 7 bath • 6,854 sq ft • Built 2014 • Sold November 7, 2025

=3. Resort-like opulence: $3.75M

16 Wedgewood Crescent NW: We probably shouldn’t have favourite listings, but if we did, one of them would have to be this stunning home. Just look at that double-height, orangery-style indoor pool! The rest of the house is just as luxurious as this space (check out the movie theatre), and there’s gorgeous landscaping in the gardens.

Details: 3 bed, 9 bath • 5,351 sq ft • Built 2002 • Sold February 10, 2025

=3. New-build Parkview home: $3.75M

54 Valleyview Crescent NW: Another home sold that sold for $3,750,000, but we’re not sure of the build status of this brand-new house, given the above image is a rendering and it’s the only picture on the listing. The home may have been sold to a developer to finish, or to an owner in a soon-to-be-completed state. What we do know is that it’s a generously sized, beautifully designed house backed by lush forest in a desirable neighbourhood.

Details: 5 bed, 5 bath • 4,748 sq ft • Built 2025 • Sold November 18, 2025

5. Modernity with a pool: $3.7M

4 Whitemud Place NW: In fifth spot is this 1991-built modernist-style home in Brander Gardens. The house has clearly been gut-renovated since then, as the interior finishes are immaculate – just see that smooth, wood-and-glass curvilinear staircase. There’s also a lovely indoor pool for year-round swimming.

Details: 4 bed, 6 bath • 4,456 sq ft • Built 1991 • Sold April 17, 2025

6. River-view family home: $3.675M

188 Windermere Drive NW: This is an ideal family home in Windermere with lots of space, situated on an elevated lot overlooking the river. The interiors are ornate and opulent in style, and the lower floor has a tonne of recreation space with a walkout to the expansive yard.

Details: 4 bed, 6 bath • 3,645 sq ft • Built 2014 • Sold June 5, 2025

7. Golf-course mystery house: $3.519M

55A Fairway Drive NW: This is a perplexing listing, as it seems to be a not-quite-finished home despite the build year being cited as 2023. The only listing photos are the above rendering, the nearly-complete exterior, and the sweeping golf-course views. It is also listed as a one-bedroom home, which is highly unusual – but perhaps it was unfinished since 2023 and sold to a developer with only one bedroom completed. It was both listed and sold on January 2 this year for the very specific price of $3,519,323.

Details: 1 bed, 5 bath • 3,600 sq ft • Built 2023 • Sold January 2, 2025

8. Crestwood new-build beauty: $3.465M

14112 96 Avenue NW: This is a beautiful, brand-new house in Crestwood that sold for $3,465,000 back in January, after being completed in 2024 and listed that December. The stunning living room has soaring vaulted ceilings, all the finishes are gorgeous, and the home faces a pretty park. This is definitely another one where we have major house envy!

Details: 5 bed, 5 bath • 4,356 sq ft • Built 2024 • Sold January 20, 2025

9. Rural Strathcona County mansion: $3.4M

484 Range Road 233 #52304: By far the biggest house on this list, it’s also the most rural, being located in Rural Strathcona County (still part of the Edmonton Metropolitan Region). This ultra-ornate home is brimming with fancy details and architectural moments, including this formal sitting room with vast ceiling heights. There’s also a movie theatre, huge rec room, wine room and bar, and the land leads down to a small lake.

Details: 6 bed, 10 bath • 9,600 sq ft • Built 2006 • Sold May 22, 2025

10. Ultra-cool modern house: $3.347M

12511 Grand View Drive NW: Arguably the coolest house on this list, you really have to click through to the listing photos to see what we mean! An unusual exterior design is matched by modernist moments inside the house, such as the open-concept living-kitchen-dining area with palm trees growing into a huge skylight. And check out the above, somewhat retro-style, indoor pool space! We feel like this home is giving hints of Frank Lloyd Wright.

Details: 4 bed, 6 bath • 4,158 sq ft • Built 2013 • Sold June 26, 2025

Keep your eye on our Alberta blog page to stay up to date with market trends and remarkable listing stories.

The post Grand opulence to modernist chic: Edmonton’s top 10 priciest home sales of 2025 appeared first on HouseSigma.

At HouseSigma, we found that the most expensive home sold in the Calgary CMA this year was a stunning 2023-built home on Crescent Road, which went for $8.775M back in April. This detached house is the winner of the 2023 Best Canada Custom Home Award, and boasts incredible finishes, sweeping city views, and a circular glass elevator for that extra wow factor!

Check these luxurious properties out below, then head to our home page to see more sold and for-sale homes in your area, where you can filter by price and many other attributes.

1. Crescent Road award-winner: $8.775M

914 Crescent Road NW: This designer house on Rosedale’s coveted Crescent Road was built in 2023, and won that year’s award for Canada’s Custom Home Build of the Year. Check out the listing photos to ogle at the fabulous finishes and that awesome glass elevator.

Details: 4 bed, 5 bath • 6,418 sq ft • Built 2023 • Sold April 22, 2025

2. Rosedale bougie house: $7.16M

102 Crescent Road NW: Also on desirable Crescent Road, this is an elegant 2004-built home with a stunning atrium and spiral staircase, as well as lots of other lovely features. Its value has been a rollercoaster, however, having sold back in 2015 for $9 million on the nose, then again in 2020 for $6 million.

Details: 6 bed, 7 bath • 6,929 sq ft • Built 2004 • Sold March 5, 2025

3. Coach Hill development opportunity: $6.963M

7010 11 Avenue SW: This is the sale of a five-acre land parcel that has a smaller 1960s home on the property, so it qualifies for our list of most expensive homes sold in 2025 – theoretically. We’re sure some developer has snapped up the land for new construction of multiple dwellings, and that 1965 house is destined for the wrecking ball.

Details: 2 bed, 6 bath • 2,949 sq ft • Built 1965 • Sold August 19, 2025

4. Regal Mount Royal mansion: $6.35M

930 Prospect Avenue SW: Our favourite from this list is a 113-year-old mansion in Mount Royal that wouldn’t look out of place in Italy, with those garden terraces and a resort-style pool area. The interior is a gorgeous mix of modern finishings and fixtures with restored old-world charm. The owners tried to sell last year for $8.99 million, but listings expired three times before the sale for $6.35M in October this year. Fun fact: public records also show the house sold in December 1969 for a mere $29,012.

Details: 5 bed, 5 bath • 5,322 sq ft • Built 1912 • Sold October 24, 2025

5. Rocky View estate: $5.6M

237 Escarpment Drive: This property is both a 20-acre estate with sweeping views of the Rockies, and an architecturally striking 1970s home. Some of the interior design is… interesting, to say the least! But you can’t deny the architectural significance – or that incredible land with its vistas, natural pond, stream, and woodland.

Details: 4 bed, 5 bath • 4,467 sq ft • Built 1974 • Sold October 17, 2025

=6. Bel-Aire fit for a prince: $5.4M

1020 Bel-Aire Drive SW: This is another 1970s house, although a very different style to our #5 entry, and clearly renovated. We figure you have to be pretty fancy to live in this Bel-Aire bungalow, with all its opulent details. Public records show it last sold back in 2011 for $5M exactly – a surprisingly similar figure to the latest sale.

Details: 5 bed, 7 bath • 4,038 sq ft • Built 1972 • Sold October 23, 2025

=6. West Springs palatial home: $5.4M

980 101 Street SW: Also sold for $5.4M this year, this sprawling home is much bigger than the above entry, thus much cheaper per square foot. The huge home was built in 2012 but, despite being 13 years old already, has ultramodern interiors that include a 1,600-bottle wine room.

Details: 6 bed, 9 bath • 9,032 sq ft • Built 2012 • Sold June 18, 2025

8. Springbank Hill house: $5.325M

9 Elveden Drive SW: This is a pretty 1993 home with 2.65 acres of land in Springbank Hill. This listing describes it as an elevated site with “outstanding future development potential along with panoramic views, backing directly onto six acres of designated municipal reserve.” We can’t help but wonder if the developer will keep the original house intact, and build around it.

Details: 5 bed, 5 bath • 3,075 sq ft • Built 1993 • Sold July 22, 2025

9. Panoramic property: $5.25M

27 Westbluff Court: Another Rocky View County home, this one was built in 2018 and has incredible views, as well as two acres of land. The house is fully fitted out with high-end finishes and amenities, as well as soaring ceilings with endless natural light.

Details: 5 bed, 7 bath • 4,360 sq ft • Built 2018 • Sold May 1, 2025

10. Bearspaw Pointe rancher/arena: $5.1M

76 Bearspaw Pointe Way: Somewhat different from the others on this list, this is more than just a home. It’s also a 20-acre property in Rocky View County with a multipurpose equestrian-style arena, so it can also be a ranch or similar business. The 1997 home’s interior includes a barrel-vault ceiling, a massive fireplace, and a hidden loft library.

Details: 4 bed, 5 bath • 3,043 sq ft • Built 1997 • Sold May 20, 2025

Keep your eye on our Alberta blog page to stay up to date with market trends and remarkable listing stories.

The post Award-winners to teardowns: Calgary’s 10 most expensive home sales of 2025 appeared first on HouseSigma.

Here, we round up the current most expensive home listings for sale in Calgary, as of November 25, 2025 – plus what the previous sale price was. You’ll see they range from ornate mansion-style homes, to architecturally breathtaking structures, to glamorous penthouses, and more besides.

The most expensive home for sale in Calgary right now is listed at $13.5 million. Although that’s a lot of money, it’s still way lower than Metro Vancouver’s most expensive properties! This proves that, even at the luxury end of the market, the value is better in Calgary.

Check these luxurious listings out below, then head to our home page to see more listings in your area, where you can filter by price and many other attributes.

1. Rosedale new-build mansion: $13.5M, up from $4.6M

732 Crescent Road NW, Calgary: This stately house on Rosedale’s coveted Crescent Road was built only a few years ago, in 2022, three years after the site was sold for $4.6 million. The exterior may seem formal and reserved, but the interior is whimsically (and expensively) designed with an Alice in Wonderland-inspired theme. The new asking price may be $8.9 million more than the seller’s original purchase price, but we’re sure that millions went into the build and furnishing of this home.

Details: 6 bed, 10 bath • 8,778 sq ft • Built 2022 • Property taxes 2025: $49,381 • Listed May 15, 2025

2. Neo-classic in Eagle Ridge: $10M, up from $1.87M

126 Eagle Ridge Drive SW: This is an Eighties-built neo-classical home in Eagle Ridge that was listed on October 31 this year, for the first time in 18 years. Plenty of treats in this grand house, including a sweeping staircase and terraced gardens. The trick? They want $10 million for it, which is a generous $8.13 million above the seller’s 1997 purchase price. If achieved, that’s a rise of 435%, or more than five times the 1997 purchase price, without making any drastic changes to the property.

Details: 5 bed, 8 bath • 7,631 sq ft • Built 1988 • Property taxes 2025: $48,577 • Listed Oct 31, 2025

=3. Princeton Way penthouse: $7.5M, up from $2.91M

Unit 1201 – 690 Princeton Way SW: An undeniably glamorous penthouse suite with three levels and massive ceilings, this is Calgary’s most expensive condo currently for resale, at $7.5 million (not including any pre-construction luxury units). The building was completed in 2002, and this unit last sold for $2.91 million in 2012. The owner is hoping to make a return of nearly $4.6 million over the past 13 years – not including any renovation funds spent, of course.

Details: 2 bed, 6 bath • 4,082 sq ft • Built 2002 • Property taxes 2025: $20,271 • Listed July 10, 2025

=3. Architectural achievement: $7.5M, up from $1.64M

1308 Montreal Avenue SW: Our favourite from this list is a stunning architectural home designed by renowned Calgary architect Jeremy Sturgess. This home, called Montreal House, was a 2021 World Architecture Finalist and is now for sale at $7.5 million. The property was previously purchased in 2015 for $1.64 million, according to the land registry, but we can’t imagine how much this design and build must have cost.

Details: 5 bed, 4 bath • 3,998 sq ft • Built 2015-18 • Property taxes 2025: $30,407 • Listed Sept 12, 2025

5. Eagle Ridge luxury bungalow: $7.25M, up from $275K(!)

40 Eagle Ridge Place SW: The second in our list located in Eagle Ridge, this sprawling 1971-built single-storey house is not only a well-appointed family home, but also has a tonne of additional land with development potential. We guess this benefit, along with the fact that this home hasn’t been sold since 1976, means the owner can ask $7.25 million for it – 26 times the $275,000 the owner bought it for, back in the 70s! We’re sure they’ve put a lot of money into renovation since then, however.

Details: 5 bed, 7 bath • 5,434 sq ft • Built 1971 • Property taxes 2025: $31,148 • Listed Sept 11, 2025

Keep your eye on our Alberta blog page to stay up to date with market trends and remarkable listing stories.

The post Calgary’s top 5 priciest home listings – and how much they were previously bought for appeared first on HouseSigma.

But it seems home buyers are opting out of actually buying – and opting in to rent.

Home buyers are waiting for more drops in Vancouver real estate market

HouseSigma’s AI-powered platform tracks Metro Vancouver’s real estate market.

“Even with the market cool down, Vancouver is still one of the least affordable places in the world,”  says Hao Li, a broker with HouseSigma. “In addition, home buyers now want to wait and see if the prices drop even more, so they are renting instead.”

While Vancouver’s listed-to-sold properties ratio dropped by 52 percent year over year, rental demands are increasing. In fact, Vancouver now has the lowest rental vacancy rate across all of Canada’s major cities – going down by 53 percent between 2021 and  2022.

In Vancouver’s market cooldown, rental prices are going up

Less availability means higher prices. HouseSigma reports that while Vancouver’s median property prices are down as much as 28.3 percent since February, MLS data compiled by HouseSigma shows Vancouver rental prices increased, from $2500 in June 2021 to $3400 in June 2022. 

“The rental market in Metro Vancouver has always been competitive. But we’re seeing a trend now where buyers who can afford to buy are choosing not to buy. Instead, they are biding their time to see if prices go down further,” explains Li. “These buyers have to live somewhere, adding pressure to the rental market.”

Looking for real-time data on Vancouver’s real estate market? Sign up for a HouseSigma account.

Get free, instant access to all the real estate data our AI compiles. Create a watchlist, track properties, and see how homes are moving in the neighbourhoods that interest you.

The post In Vancouver’s market cooldown, rental prices are going up appeared first on HouseSigma.