Biggest Vancouver Real Estate Myths Buyers Still Believe in 2026
Real estate advice is everywhere—at dinner parties, on TikTok, and in the news. But much of it is outdated or flat-out wrong. Let's clear the air for 2026.
Myth 1: "I'm Waiting for the Crash"
People have been saying this since 2010. While prices correct and stabilize (as they did in 2022-2023), a catastrophic 40% crash is highly unlikely due to our supply constraints and population growth. Time in the market usually beats timing the market.
Myth 2: "Assessed Value = Market Value"
We cannot stress this enough: Your tax assessment is from last July. It is a lagging indicator. Homes often sell for significantly above or below assessment depending on current market heat.
Frequently Asked Questions
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No. For homes under $1M, you can buy with as little as 5-7.5% down (plus mortgage insurance).
Rarely in 2026. Land costs + soaring construction/labour costs usually make building a custom home more expensive than buying existing stock. Ready to Make Your