BC’s Sharpest Real Estate Newsletter by Zealty.ca |
|
|
  | Market Snapshot: Metro Vancouver |
|
| For Sale Inventory: | 18,923 |
|
| |
| Median Sale to List Ratio: | 96.5% |
|
| | Median Sale Price: | $914,500 |
|
|
| Median Days on the Market: | 19 days |
|
|
|
| The Takeaway | | Metro Vancouver closed March with 18,923 homes for sale, only 2,608 sold, and a median price of $914,500. Plenty of choices, not enough buyers. Homes moved in 19 days and 8.7% still sold over asking, because Vancouver gonna Vancouver. | See More → |
|
|
The TakeawayMetro Vancouver closed March with 18,923 homes for sale, only 2,608 sold, and a median price of $914,500. Plenty of choices, not enough buyers. Homes moved in 19 days and 8.7% still sold over asking, because Vancouver gonna Vancouver. |
|
Three Things That Happened in March |
  | Speculation Tax Declaration Deadline Closed (March 31) |
Property owners in designated BC taxable areas had until March 31 to declare. Missed it? Penalties apply. For 2026, rates jumped: Canadians now pay 1% (up from 0.5%), foreign owners pay 3% (up from 2%). Learn more about declaration requirements.
|
  | BC Budget Expanded Housing Tax Burden |
Beyond speculation tax increases, BC’s budget adds 3.5% property tax deferment interest rates, PST on commercial real estate services (October), and higher school taxes on properties over $3M. See what changed in the BC budget. One win: purpose-built rentals with 4+ units now get exemptions, which could accelerate new rental buildings.
|
  | Bank of Canada Holding (Rates Frozen) |
March 18 decision: overnight rate stays at 2.25%, prime rate stays at 4.45%. No relief for borrowers, but no spike either. Check the latest BoC decision if you’re planning a renewal. 5-year fixed rates hover around 4.09%. |
|
  | Selected Blog Post |
|
  | Feature Spotlight |
|
Price CutWant to find the steepest price drops in BC? Head to list search on Zealty, sort by Price Change % (ascending), and filter Price Modification to Decrease. The biggest cuts float straight to the top. | See On Zealty → |
|
Price CutWant to find the steepest price drops in BC? Head to list search on Zealty, sort by Price Change % (ascending), and filter Price Modification to Decrease. The biggest cuts float straight to the top.
|
|
  | Listing We Love |
|
This West Vancouver home has 10 bathrooms. We’re not sure what you’d do with 10 bathrooms either, but for $17.8M, you’ll have plenty of time to figure it out. |
Thoughts on Today’s Issue?
|
  | This Week’s Newsletter Contributor: Hamidreza Etebarian (Writer)Hamidreza leads the editorial process behind Zealty’s content. He works directly with the team to shape everything from market reports to general real estate guides into clear, reliable, and decision-focused pieces. |
|
|
The Holywell Properties brokerage, powered by advanced Zealty software, is your partner in making well-informed real estate decisions. and apply. This message is not intended to solicit clients currently under contract with another licensed real estate brokerage. As always, if you’d rather not get emails like this, you can . |
|
|
