Top Real Estate Agents in Vancouver.

WOWA.ca rates agents based on their transactions, experience, and customer reviews to find you the top real estate agents in Vancouver.

Vancouver Housing Market Overview December 2020

Detached
$1,700,200
Benchmark Price
17% increase
vs. 03/2020
Townhouse
$872,200
Benchmark Price
10% increase
vs. 03/2020
Condo Apartment
$715,800
Benchmark Price
4% increase
vs. 03/2020

Vancouver's Top Agents

Casey A.
(52)
RE/MAX Crest Realty
8 Years of Experience
Keith B.
Oakwyn Realty Ltd.
9 Years of Experience
Jeffrey S.
Faith Wilson Group - South Okanagan Home Team
11 Years of Experience
Axel Z.
(6)
Maxit Realty
7 Years of Experience
Grant G.
Royal LePage Sussex
34 Years of Experience
Matin H.
WOW Real Estate Group-Oakwyn Realty Downtown Ltd.
12 Years of Experience
Jolene H.
WOW Real Estate Group-Oakwyn Realty Downtown Ltd.
10 Years of Experience
Rhiannon F.
Century 21 In Town Realty
11 Years of Experience
Frank Y.
(29)
RE/MAX Westcoast
7 Years of Experience
Raif W.
(6)
Royal LePage Sussex
10 Years of Experience
Naru M.
TEAM 3000 RLTY LTD
6 Years of Experience
Erin O.
Oakwyn Realty Downtown Ltd
3 Years of Experience

Vancouver Real Estate News

Market Report Summary
Updated April 6th, 2021
  • March breaks new records for housing activity with an 126% increase in home sales compared to March 2020
  • Benchmark prices for all property types increased by 9% year-over-year to $1.12M
  • Detached home prices increased by 17% year-over-year to $1.70M
  • Townhouse prices increased by 10% year-over-year to $872K
  • Condo apartment prices increased by 4% year-over-year to $715K

Vancouver Housing Market Overview

Data for March 2021
Benchmark Price:$1,123,300
All Property Types:$1,123,300
Detached:$1,700,200
Townhouse:$872,200
Condo Apartment:$715,800
Transactions (Buy/Sell):5,708
All Property Types:5,708
Detached:1,965
Townhouse:1,046
Condo Apartment:2,697

Vancouver's housing market experienced a record-breaking March with home sales up by 126% year-over-year and more than 70% over 10-year March averages to 5,708 homes sold. Home prices have also begun to climb back up with a 9% increase year-over-year to $1.12M for all property types in the Greater Vancouver Area. This increase in activity came from both buyers and sellers as loosening restrictions, warmer weather, and rising mortgage rates drove increases in both purchases and new listings. However, inventory continued to decline through the GVA, prompting expectations for further price growth in the next few months.

Notice: Year-over-year comparisons for March and the next two months will be exaggerated by the temporary downturn from the outbreak of COVID-19 in March 2020.

Home sales are the top-line figure to focus on this month as activity throughout the GVA broke new records for the month. All property types saw significant increases in home sales with activity in detached, townhouses, and condo apartments rising by 131%, 112%, and 129% respectively. While year-over-year comparisons are exaggerated by the initial decline last March from COVID-19, these figures are still far above average levels. Seasonal shifts in activity and rising mortgage rate FOMO are possible factors behind this growth. As mortgage rates increase from their record lows, buyers are looking to lock down their purchases and mortgages before rates increase any further.

Prices have also increased this month as average sold prices for all property types reached $1.12M in the GVA. Like in most other markets in Canada, surburbs and freehold properties saw most of the increase with detached property prices rising by 17% year-over-year to $1.7M. Townhouses, at about half the price of detached homes, also saw a 10% rise year-over-year to $872K. Condo apartments continue to remain stagnant compared to other property types with only a 4% increase year-over-year.

With average prices above $1 million, further growth in Vancouver's real estate market will be more difficult compared to cheaper real estate markets in Canada, including Montreal's housing market and Ottawa's housing market. Finanching for these homes will require a downpayment of at least 20% and are not eligible for CMHC Mortgage Insurance. Mortgage rates have also recently risen, leading to speculation that the era of easy money is over. However, the federal government and the Bank of Canada have remained consistent in their focus on pushing the economy forward, at least until COVID-19 vaccinations are over.

Top 1% Listing Agents in

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Vancouver Commission Structure

Real estate commissions are the fees that home sellers pay to the seller and buyer real estate agents for their services. In Vancouver, the total commission rate is structured as 7% for the first $100,000 of a home’s sale price and 2.5% on the remaining balance. Seller agents usually get half or 50% of this total commission with buyer agents getting the other half. To calculate your real estate commission for Vancouver, see our calculator below. For other cities in B.C., please visit our BC real estate commission calculator page for more information.

Location
Vancouver
Fraser Valley
Victoria
Kelowna
You will pay around...
$15,22515k
Buying Agent Commission
$6,6136.61k
Selling Agent Commission
$7,8887.89k
5% GST
$725725
The seller of the property will pay for both buying and selling agents' commission. For example, if the seller agent commission is 2.5% and the buyer agent commission is 2.5%, you will pay a total commission of 5%.

Vancouver Real Estate Tools for Buyers and Sellers

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.