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's Top Agents

Casey A.
(52)
RE/MAX Crest Realty
8 Years of Experience
Anders F.
(20)
Coldwell Banker Prestige Realty
5 Years of Experience
Axel Z.
(6)
Maxit Realty
7 Years of Experience
Grant G.
Royal LePage Sussex
34 Years of Experience
Rhiannon F.
Century 21 In Town Realty
11 Years of Experience
Naru M.
TEAM 3000 RLTY LTD
6 Years of Experience
Frank Y.
(29)
RE/MAX Westcoast
7 Years of Experience
Raif W.
(6)
Royal LePage Sussex
10 Years of Experience
Michelle V.
(8)
Royal Pacific Lions Gate Realty
11 Years of Experience
Elsa L.
Team 3000 Realty Ltd
15 Years of Experience
Erin O.
Oakwyn Realty Downtown Ltd
3 Years of Experience
Nohra J.
Keller Williams Realty VanCentral
5 Years of Experience

Vancouver Real Estate News

Market Report Summary
Updated October 8th, 2021
  • Vancouver home prices continued to increase in September as sales slightly faltered
  • Benchmark prices for all property types was flat month-over-month at $1.186M, a 14% increase from September 2020

Home buyers and sellers in Vancouver’s housing market might have noticed a continuing pattern this September: prices are up while sales are down. This is the same pattern as seen over the summer months this year, after a particularly strong spring brought Vancouver housing prices up to sky-high levels. Sales have largely faded away, while high prices are here to stay.

The benchmark home price in Vancouver was $1,186,100 for September 2021, up 13.8% year-over-year from September 2020. This is also a 0.8% increase in average home prices compared to last month. All home types saw a slight increase in prices compared to last month, but condo apartments saw a slight decrease in monthly sales. Sales for condo apartments are still up 2% year-over-year despite this small monthly decrease. Overall, sales in Vancouver were almost unchanged from last month, with three fewer sales in September compared to August. This puts Vancouver behind the record-breaking pace of sales seen last fall, where 3,643 homes were sold in September 2020. Vancouver's 3,149 home sales this September 2021 meant that there was a 13.6% decline in home sales year-over-year.

Benchmark prices of detached homes have increased the most in the past year with a 21% year-over-year gain and have inched upwards the past month to $1,828,200. Townhouses have also surged 19% over the past year to $963,800. Condo apartment benchmark prices lagged behind with a 8.4% increase year-over-year to $738,600. These price trends, where condo prices are lagging behind detached home prices, are similar to those in Toronto's housing market where condo prices have risen by only 12% in a year compared to 29% for detached homes.

One tailwind for Vancouver's housing market is the recent update of the CMHC's First-Time Home Buyer Incentive. Home buyers in Vancouver, Victoria, and Toronto can now qualify for a 5% or 10% down payment incentive paid by the Federal government with a household income of up to $150,000 (previously $120,000) and a total borrowed amount of up to 4.5x (previously 4x) their household income. This can potentially create increased direct demand for homes up to $722K in the Vancouver area.

In addition, the CMHC has recently decreased their standards for insured mortgages. This reverses the increase from last year and drops required credit scores from 680 to 600 and increases GDS and TDS ratio limits to 39% and 44% from 35% and 42%, respectively.

However, the Office of the Superintendent of Financial Institutions (OSFI) and the Ministry of Finance have recently raised the benchmark mortgage stress test rate for both insured and uninsured borrowers from 4.79% to 5.25%, limiting affordability for marginal buyers.

Mortgage rates have risen from their 2020 lows but have remained stable for the past few months. However, the prospect of tighter monetary policy from the Bank of Canada as early as mid-2022 could lead to increased rates and limit home affordability in Vancouver.

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...
$25,72526k
7%
on first $100k
2.5%
on remainder
Buying Agent Commission
$11,26311k
Selling Agent Commission
$13,23813k
5% GST
$1,2251.23k
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

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The calculators and content on this page are provided for general information purposes only. WOWA does not guarantee the accuracy of information shown and is not responsible for any consequences of the use of the calculator.