Dunbar and Shaughnessy represent the top of Vancouver's housing market, tree-lined streets of heritage mansions and prestige detached homes on the city's west side. High-end detached property is the segment most sensitive to interest rates and buyer sentiment, so it tends to move first and hardest when the market turns. For sellers, that makes precise pricing and discreet marketing essential; for buyers, thin comparables make independent valuation decisive. Transactions at this level carry their own tax and legal complexity, so we present one verified expert in each profession.
Sector professionals
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Real estate market data
Figures for Metro Vancouver (the Greater Vancouver REALTORS area) as a whole, which includes Dunbar–Shaughnessy. In August 2026, the MLS® benchmark price across Metro Vancouver (the Greater Vancouver REALTORS area) stood at $1,081,900, down 5.6% year over year. The average price, all property types combined, was $1,213,418. By property type: detached $1,842,900, townhouse $1,046,200, and apartment $695,200. There were 1,869 sales during the month, 4.6% fewer than a year earlier. With 8.5 months of inventory, it is a buyer's market by the standard board convention (under 4 months: sellers; 4 to 6: balanced; over 6: buyers).
Source: Greater Vancouver REALTORS (GVR), August 2026
Frequently asked questions
Why does the luxury detached market move more than other segments?
High-end homes depend most on borrowing costs, equity and buyer confidence, and there are few comparable sales at any given time. As a result, prices at the top adjust faster and further in both directions than condos or townhouses. Pricing a Shaughnessy estate relies on a handful of recent comparables, which is why an experienced appraiser matters.
What extra taxes apply to high-value homes in Dunbar and Shaughnessy?
Beyond the tiered Property Transfer Tax, BC adds a further 2% on the residential value above $3 million, and an additional school tax applies every year to homes assessed above $3 million. Vacant high-end homes may also face the Empty Homes and Speculation taxes. (BC Ministry of Finance; City of Vancouver.)
How have prices moved across Metro Vancouver over the past year?
In August 2026, the MLS® benchmark price across Metro Vancouver (the Greater Vancouver REALTORS area) stood at $1,081,900, down 5.6% year over year. Source: Greater Vancouver REALTORS (GVR), August 2026.