Representing the pinnacle of Canadian west-coast urban living, Vancouver offers beaches, mountains and extensive seaside walkways. With a population of more than half a million and a highly diverse community, it is part of Canada’s third-largest metropolitan area and consistently ranks among North America’s priciest real estate markets.
- Best places to buy real estate in Vancouver
- How to read the table
- What’s happened in the Vancouver real estate market?
- What’s next for real estate in Vancouver?
- Vancouver’s top three neighbourhoods
- Methodology
Best places to buy real estate in Vancouver
Below is a ranked table of Vancouver neighbourhoods based on a composite set of real-estate metrics. The list highlights benchmark prices at the end of 2022 alongside one-, three- and five-year growth, and neighbourhood scores for value, economics, accessibility and the share of households with children. Use the table to compare areas and help prioritize your search.
| Rank | Neighbourhood | City | Benchmark price 2022 | 1-year growth | 3-year | 5-year | Value | Economics | Accessibility | Children |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hastings-Sunrise | Vancouver | $1,678,699 | 23% | 34% | 30% | 5.0 | 2.7 | 2.4 | 41% |
| 2 | Kitsilano | Vancouver | $1,513,935 | 7% | 20% | 11% | 3.5 | 3.1 | 4.4 | 20% |
| 3 | Arbutus Ridge | Vancouver | $3,604,797 | 4% | 10% | -6% | 1.3 | 5.0 | 3.1 | 50% |
| 4 | West Point Grey | Vancouver | $3,402,372 | 7% | 24% | 4% | 2.0 | 4.1 | 1.9 | 35% |
| 5 | Renfrew-Collingwood | Vancouver | $906,508 | 6% | 30% | 29% | 4.4 | 1.7 | 3.2 | 43% |
| 6 | Killarney | Vancouver | $1,645,081 | 5% | 20% | 18% | 3.4 | 2.6 | 0.7 | 47% |
| 7 | South Cambie | Vancouver | $1,691,882 | 2% | -2% | -6% | 2.3 | 3.6 | 3.0 | 27% |
| 8 | Mount Pleasant | Vancouver | $974,864 | 4% | 16% | 29% | 3.9 | 1.7 | 3.8 | 17% |
| 9 | Victoria-Fraserview | Vancouver | $2,159,808 | 9% | 45% | 24% | 3.9 | 1.7 | 3.2 | 48% |
| 10 | Kerrisdale | Vancouver | $2,642,990 | 21% | 25% | 10% | 3.7 | 1.7 | 2.1 | 38% |
| 11 | Marpole | Vancouver | $1,279,406 | 6% | 21% | 3% | 3.6 | 1.7 | 2.1 | 38% |
| 12 | University Hill | Vancouver | $1,298,747 | 4% | 5% | 3% | 3.1 | 2.0 | 1.5 | 39% |
| 13 | West End | Vancouver | $961,752 | 9% | 17% | 8% | 3.9 | 0.7 | 4.7 | 10% |
| 14 | Grandview-Woodland | Vancouver | $1,351,562 | 5% | 21% | 20% | 3.7 | 0.9 | 3.7 | 22% |
| 15 | Oakridge | Vancouver | $1,714,623 | 2% | -3% | -17% | 2.2 | 1.7 | 2.1 | 38% |
| 16 | Strathcona | Vancouver | $913,928 | 1% | 17% | 9% | 3.5 | 0.0 | 4.7 | 16% |
| 17 | Shaughnessy | Vancouver | $5,221,893 | -2% | 32% | -9% | 0.0 | 2.5 | 4.6 | 16% |
Source: Zoocasa
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How to read the table
- Benchmark price 2022: Composite benchmark home price as of Dec. 31, 2022, representing all property types (detached and attached homes, townhouses and apartments).
- 1-year, 3-year and 5-year growth: Percentage change in the composite benchmark price over each period.
- Value, economics and accessibility: Each category is scored from 0 to 5: higher scores indicate better value for money, stronger economic indicators (income and education) and easier travel by foot, bike or transit.
- Children: Share of households in the neighbourhood with children.
- For a full explanation of the ranking method, see the published methodology linked in the menu.
What’s happened in the Vancouver real estate market?
Vancouver’s benchmark home price rose during the first half of 2022, with a January starting point near $1.19 million and a short-lived peak in April. Prices then eased through the latter half of the year, finishing 2022 below the mid-year highs.
Local agents report that shifts in interest-rate expectations altered buyer sentiment in early 2022. As the Bank of Canada began raising rates, mortgage costs climbed and the market paused: many buyers and sellers adjusted their timing and price expectations, contributing to softer activity and falling benchmark prices toward year-end.
What’s next for real estate in Vancouver?
Early 2023 showed modest signs of recovery, with month-to-month price gains and rising activity through late winter. According to local board reporting, benchmark prices in spring 2023 ticked up slightly, and many buyers now feel the market has passed its lowest point, prompting renewed interest in well-priced, highly desirable properties.
Nevertheless, limited inventory remains a constraint. With fewer homes available, competition can keep prices stable or support moderate gains in sought-after neighbourhoods, even if broader market advances are unlikely to reach previous record-breaking levels in the near term.
Top neighbourhoods in other regions
Alberta
Calgary • Edmonton
Nova Scotia
Halifax
British Columbia
Burnaby • New Westminster • Richmond • Coquitlam • Port Coquitlam • Port Moody • Langley • Pitt Meadows • Maple Ridge • North Shore • Vancouver
Ontario
Durham Region • Halton Region • Peel Region • Toronto • York Region
Vancouver’s top three neighbourhoods
1. Hastings-Sunrise
Hastings-Sunrise, on Vancouver’s northeast side, is a large and culturally diverse neighbourhood that has attracted many young professionals in recent years. The composite benchmark price at the end of 2022 was $1,678,699—up 23% from one year earlier and 30% from five years earlier. Hastings-Sunrise earned the top value score on the list (5.0) and also showed solid family presence, with 41% of households including children. Its accessibility and economic indicators are moderate in comparison with other Vancouver areas.
See Hastings-Sunrise real estate listings on Zoocasa.
2. Kitsilano
Kitsilano is one of Vancouver’s most popular beachside neighbourhoods, known for its active outdoor lifestyle and proximity to downtown. The benchmark price at the end of 2022 was $1,513,935—an increase of 7% year over year and 11% over five years—yielding a value score of 3.5. Kitsilano scores highly for accessibility (4.4) thanks to beaches, parks and a variety of shops and restaurants. With only 20% of households containing children, it is less family-oriented than some other neighbourhoods.
See Kitsilano real estate listings on Zoocasa.
3. Arbutus Ridge
Arbutus Ridge is an affluent, tree-lined west-side neighbourhood noted for quiet residential streets and high-priced homes. The composite benchmark price at the end of 2022 was $3,604,797—only modestly higher than the prior year. While its value score is low (1.3) given high prices, Arbutus Ridge achieved the highest economics score (5.0), and accessibility is above average (3.1). About half of households include children, reflecting the neighbourhood’s family appeal.
See Arbutus Ridge real estate listings on Zoocasa.
Read more about buying a home
- The best 5-year fixed mortgage rates in Canada
- Watch: What is mortgage affordability?
- Mortgage payment calculator
- Buying a second home: How it works in Canada
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What type of article am I reading?
This content was produced by MoneySense in collaboration with Zoocasa and presented with financial support from Ratehub.ca. The editorial team maintained independent control over the reporting and rankings.