Balanced Market

Mortgage Rates in Vancouver, BC

Vancouver is Canada's most expensive real estate market with an average home price over $1.2M. The city's limited geography, immigration, and global demand drive persistently high prices.

Avg Home Price

$1,200,000

Benchmark Price

$1,150,000

Year-Over-Year

↓ 3.8%

Best 5-Yr Fixed

4.89%

Today's Best Rates Near Vancouver

Rate Type	Best Rate	Monthly Payment*	Term
5-Year Fixed	4.89%	~$2,301/mo	5 Years
5-Year Variable	5.45%	~$2,430/mo	5 Years
3-Year Fixed	4.74%	~$2,268/mo	3 Years
2-Year Fixed	5.1%	~$2,349/mo	2 Years
HELOC	6.2%	~$2,583/mo (interest only)	Revolving

*Based on $500K mortgage, 25-year amortization, Canadian semi-annual compounding. Last updated: May 25, 2026.

Vancouver Real Estate Market

Balanced Market: Supply and demand are roughly equal — a stable environment for buyers and sellers.

Vancouver is Canada's most expensive real estate market with an average home price over $1.2M. The city's limited geography, immigration, and global demand drive persistently high prices.

Land Transfer Tax — Vancouver

Vancouver buyers pay BC's Property Transfer Tax. First-time buyers may be exempt on homes up to $500K.

Neighbourhoods in Vancouver

KitsilanoWest EndMount PleasantEast VanYaletown

Frequently Asked Questions

What is the average home price in Vancouver?

The average home price in Vancouver is approximately $1.2M, with detached homes averaging over $2M and condos around $750K.

Can I afford to buy in Vancouver?

Buying in Vancouver requires a household income of $200K+ for the average home. Many buyers look to surrounding municipalities like Burnaby, Surrey, or Langley for better affordability.

What are the best neighbourhoods in Vancouver?

Kitsilano and Point Grey are popular upscale areas. East Vancouver offers better value. Mount Pleasant and Commercial Drive have vibrant communities. Yaletown suits urban professionals.

Is Vancouver real estate a good long-term investment?

Vancouver's constrained geography, continued immigration, and global capital flows have historically supported long-term price appreciation despite high valuations.

What is the Foreign Buyer Ban and does it affect Vancouver?

Canada's foreign buyer ban (extended to 2027) restricts non-residents from buying residential property in many urban areas including Vancouver. Some exceptions apply.

Other Cities in British Columbia

Victoria

Avg $850,000

Surrey

Avg $980,000

Burnaby

Avg $1,050,000

Kelowna

Avg $720,000

Abbotsford

Avg $780,000

Richmond

Avg $1,100,000

View all British Columbia rates →

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