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Real estate market data
The Metro Vancouver townhouse benchmark was $1,043,400 in April 2026, down only 5.1% year-over-year, the smallest decline of any property type, suiting the townhouse-and-character-home mix of Kitsilano and Point Grey.
Source : Greater Vancouver REALTORS (REBGV), Metro Vancouver MLS statistics, April 2026 (released May 2026). https://www.gvrealtors.ca/market-watch/monthly-market-report/april-2026.html
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Frequently asked questions
Why have townhouses held value better than condos or houses here?
Townhouses are the bridge for families priced out of detached homes who still want space without a high-rise strata. That steady demand cushioned them: the regional townhouse benchmark fell only 5.1% year-over-year to $1,043,400 in April 2026, the smallest drop of any property type. (Greater Vancouver REALTORS, April 2026.)
Do first-time buyers get any tax relief in Kitsilano or Point Grey?
Possibly. BC charges a Property Transfer Tax on most purchases, but the First-Time Home Buyers' Program and the Newly Built Home Exemption can reduce or eliminate it up to provincial value thresholds. Limits change periodically, so confirm the current ceilings before you write an offer. (BC Ministry of Finance, Property Transfer Tax.)
Is spring 2026 a buyer's window on the west side?
For many, yes. The regional composite benchmark was down 6.9% year-over-year and the sales-to-new-listings ratio sat around 32%, conditions that point to a buyer's market. Still, the best west-side homes near the beaches and UBC attract competition, so timing varies block by block. (Greater Vancouver REALTORS, April 2026.)