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Real estate market data
The Metro Vancouver MLS composite benchmark for a typical home was $1,098,000 in April 2026, down 6.9% year-over-year, a useful all-types gauge for South Vancouver's varied mix of houses, laneway homes and infill units.
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
What does the composite benchmark actually tell me?
The MLS Home Price Index composite tracks the value of a typical home across all property types using a standardized model, so it is not skewed when a few high-end or entry-level homes sell in a given month. At $1,098,000 in April 2026, down 6.9% year-over-year, it is the steadiest gauge for a mixed area like South Vancouver. (Greater Vancouver REALTORS, April 2026.)
Will I owe Vancouver's Empty Homes Tax on a South Vancouver property?
You can, if the home sits within the City of Vancouver and is left vacant. The City's annual Empty Homes Tax applies to unoccupied homes, and the separate BC Speculation and Vacancy Tax may also apply. Both have declaration requirements, so factor them in for any property you won't occupy full-time. (City of Vancouver Empty Homes Tax; BC Speculation and Vacancy Tax.)
Can a laneway house or suite add rental income here?
Frequently. Much of South Vancouver's housing supports laneway houses and legal secondary suites, which can offset carrying costs in a high-price market. The right structure depends on lot dimensions, parking and servicing, so confirm what a specific property allows before counting on the income. (City of Vancouver zoning.)