WelcomeHomeYVR- Real Estate with Katharine Reynolds
MARKET UPDATE - May 2026
Happy almost start of summer! Longer days and sunshine have been most welcome over here! With Fifa coming up, June is sure to be an interesting month in the lower mainland ⚽️. There will be lots going on, check the section at the end of this newsletter for some links to events and happenings in addition to the matches!
📊 Greater Vancouver Market Update — May 2026
May brought more of the same across Greater Vancouver — a market finding its balance. Inventory remains elevated with 16,917 listings (34.6% higher then the 10 year average) while sales totalled 2150, (26.6% lower then the 10 year average). This combination has kept a gentle downward pressure on prices (roughly 5–8% year-over-year depending on property type) . Detached homes continue to be the standout, with sales activity holding up better than condos and townhomes, which are seeing softer demand .
“While attached sales held relatively steady and detached sales edged up roughly one per cent in May, apartment sales were down about seven per cent year-over-year, which weighed down the overall sales total,” said Andrew Lis, GVR chief economist and vice-president data analytics. “Even then, apartment sales were not down uniformly across all regions – some of the larger areas such as North and East Vancouver saw increases relative to last year.”
A key reminder: the stats reported by Greater Vancouver Realtors reflect the entire region, but right now markets are hyper-local — what’s happening in one pocket can look very different just a few neighbourhoods over.
On the ground, we’re seeing the majority of buyers as end users rather than investors, with more thoughtful, selective decision-making and fewer bidding wars. Buyers are taking their time to find what they want, and with ample inventory they won’t settle.
However, desirable well priced properties don’t last, even in this market…so when the right property comes along it’s best to act quickly! I can help by providing stats and comps so you feel good about your decision & can move forward with confidence.
It’s an excellent time to be a buyer, less competition and more inventory means a much less stressful buying experience. Or you could wait until the market heats up again and fight the crowds to pay over asking in a bidding war…your choice 😉.
Bottom line: more selection, more negotiation, and a market that rewards strategic pricing and patience on both sides.
Thinking about buying or selling this year?
I’d be happy to walk you through what’s happening in your specific neighbourhood and help you create a strategy that makes sense for you.
Feel free to reach out anytime—I'm always here as a resource, whether you’re just starting to think about a move or ready to take the next step.
📞 Get in touch anytime: 604-831-3616
📧 Email: kr@welcomehomeyvr.com
Interest Rate Update – May 2026
Interest rates held @ 2.25% April 29 2026
Canada’s interest rate story continues to be a bit of a balancing act ⚖️. The Bank of Canada has held its key rate steady at 2.25%, taking a “wait-and-see” approach as the economy shows mixed signals. With Canada recently slipping into a mild technical recession and global uncertainty (think trade tensions and rising energy costs) still in play, the outlook is anything but straightforward. Most forecasts suggest rates will stay relatively stable for now, with a possible small increase later in 2026 if inflation—especially from energy—sticks around 🔮. The next rate announcement is schedule for June 10, 2026.👉 Bottom line: expect steady-ish borrowing costs in the near term, but keep an eye on inflation and global events—they’ll drive what happens next.
A quick note for my film industry friends: if you’re self-employed or working contract to contract, a good Mortgage Broker is especially important. They know how to position your income in a way that a traditional bank often won’t.📩 Feel free to reach out anytime — I’m always happy to connect you with the right people.
Canada’s interest rate story continues to be a bit of a balancing act ⚖️. The Bank of Canada has held its key rate steady at 2.25%, taking a “wait-and-see” approach as the economy shows mixed signals. With Canada recently slipping into a mild technical recession and global uncertainty (think trade tensions and rising energy costs) still in play, the outlook is anything but straightforward. Most forecasts suggest rates will stay relatively stable for now, with a possible small increase later in 2026 if inflation—especially from energy—sticks around 🔮. The next rate announcement is schedule for June 10, 2026.👉 Bottom line: expect steady-ish borrowing costs in the near term, but keep an eye on inflation and global events—they’ll drive what happens next.
A quick note for my film industry friends: if you’re self-employed or working contract to contract, a good Mortgage Broker is especially important. They know how to position your income in a way that a traditional bank often won’t.📩 Feel free to reach out anytime — I’m always happy to connect you with the right people.
Consultations
🏡
It’s never been more important to present your home well! First impressions are everything
—
If a potential buyer doesn’t feel a connection the moment they walk in,
they’re likely to move on to the next property. 👀
This is where I can help. With my extensive background in design, I can assist with
staging, decluttering, and highlighting your home’s best features so it feels warm, inviting,
and memorable. ✨
The great news? This service is included free of charge for all my clients!
It’s just one of the ways I help sellers stand out in a competitive market
and get the best possible results.
Referrals ✨I absolutely love helping people find their dream homes —and the best part? Seeing happy clients thrive in their new spaces!Referrals are the heart of my business, and every person you send my way gets the upmost care, honesty, and guidance ❤️Who can you refer?Friends thinking of buying or selling 🏠Family ready to take the next step 🌿Colleagues curious about the market 💼Sharing is easy! Connect us by email, text, or drop me a message. I’ll handle the rest!🙏 Thank you for trusting me with your referrals—they truly mean the world🌟
FIFA 2026🏟️
No match tickets? No problem! Lots of fun events planned around the city that should be a blast! Check out the links below to Vancouver and North Vancouver watch parties and events ⚽️
⚽︎🥅⚽️🏟️
Wishing you a wonderful Summer Season!
Feel free to contact me, I’d be happy to help you find your new home.
Katharine Reynolds
604-831-3616
kr@welcomehomeyvr.com
Copyright (C) 2026 welcomehomeyvr. All rights reserved.
My mailing address is: Oakwyn Realty
101-3151 Woodbine DriveNorth Vancouver BC
V7R2S4P
604-831-3616
F. 604-620-7970