The Vancouver housing market is known for its high prices and competitive nature. It has seen significant growth over the years, driven by factors such as population increase, limited land availability, and strong demand from both local and international buyers. This has made homeownership challenging for many residents. In recent years, the market has experienced fluctuations, with some periods of cooling due to government regulations and interest rate changes. Despite these shifts, Vancouver remains one of the most expensive cities in Canada for real estate, with a focus on both single-family homes and condominiums.