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Real Estate Update: Home Prices in Greater Vancouver are now down roughly 14% after 10 consecutive months of declines in a major real estate market correction — but is the worst behind us, or is there more downside ahead? Top 1% REALTOR® Blake Chancey breaks it all down in this video In this data-driven Vancouver real estate market update, I break down four major economic indicators shaping the housing market across Vancouver, Tsawwassen, Ladner, and the Lower Mainland: • Toronto vs Vancouver price divergence • Historical corrections (1980s crash comparison) • Vancouver’s price-to-income affordability crisis • Unemployment risk and forced selling scenarios • The $1 trillion intergenerational wealth transfer in Canada • Why 50% of Vancouver homeowners being mortgage-free matters • Pre-sale condo slowdown and supply contraction across Metro Vancouver We’ll walk through realistic downside scenarios (5%, 10%, even 20%), what would actually trigger a deeper correction, and why this market currently feels more like a grinding recalibration than a 2008-style collapse. If you’re buying or selling in Greater Vancouver, Tsawwassen, Ladner, or anywhere in the Lower Mainland, strategy matters more than emotion right now. Micro-markets behave differently than headline averages — and understanding your specific position is key. 📍 Thinking of buying or selling in South Delta or Metro Vancouver? Let’s talk about what these macro trends mean for your property specifically. Subscribe for ongoing Vancouver real estate updates, data analysis, and local market breakdowns. #VancouverRealEstate #GreaterVancouver #Tsawwassen #Ladner #LowerMainland #VancouverHousingMarket #MetroVancouver #BCRealEstate 0:00 - Greater Vancouver Housing Market Update: Prices Down 14% After 10 Months of Declines 0:49 - 15 Years Selling Real Estate in Greater Vancouver: What Market Cycles Teach Us 1:35 - Toronto vs Vancouver Real Estate: Will Vancouver Follow a 27% Correction? 2:49 - Scenario #2: 1980s Vancouver Housing Crash and 36% Detached Home Drop 4:08 - Vancouver Affordability Crisis: Price-to-Income Ratio at 14:1 to 17:1 5:40 - Unemployment Risk and Its Impact on Vancouver Home Prices 6:29 - $1 Trillion Wealth Transfer in Canada: How Family Down Payments Support Prices 7:20 - 50% of Vancouver Homeowners Are Mortgage-Free: Why Distress Is Limited 7:53 - Lower Mainland Pre-Sale Slowdown: Condo Starts Down and Supply Squeeze 8:37 - Will Vancouver See Another 5%, 10%, or 20% Correction? 9:09 - First-Time Buyers Returning to the Greater Vancouver Market 9:31 - Selling Strategy in a Declining Market: Price Ahead of the Market 9:48 - Buying Strategy in Vancouver Real Estate: Focus on Value, Not the Exact Bottom 10:03 - Tsawwassen, Ladner & Lower Mainland Micro Markets: Why Local Strategy Matters 10:21 - Are We Near the Bottom? Share Your Thoughts on the Vancouver Housing Market