Vancouver Real Estate Market Update for September 2024

In the first week of September, the Vancouver real estate market received an update that reflects significant shifts. August numbers reveal that home prices have dropped even further, with detached homes now firmly in a buyer’s market—a term seldom used in Vancouver. Compounding this, the Bank of Canada (BOC) cut interest rates for the third time, and all indicators point to more cuts ahead. As we move into the traditionally active Fall market, many wonder if September will mark a turning poi...