About Sheldon Coxford

If you've been thinking about buying a home but aren’t sure if now is the right time, let’s talk about something that could be tipping the scales in your favour: a buyer’s market.

So, what is a buyer’s market?

In real estate, a buyer’s market happens when there are more homes for sale than there are active buyers. This creates less competition for buyers and more pressure on sellers to stand out — often leading to lower prices, longer days on market, and better negotiating opportunities.

You’ll often see this term used when the sales-to-active listings ratio dips below 12%. That’s when conditions start to favour buyers rather than sellers.

Why is this good news for buyers?

If you're a buyer in this kind of market, you hold more power than usual. Here's how you can benefit:

• More options: With higher inventory, you’re not limited to just a few listings. You can take your time, compare properties, and choose the one that truly fits.

• Better prices: Sellers are more motivated, especially if their property has been sitting for a while. This can lead to lower prices or more flexibility during negotiations.

• Favourable terms: Beyond price, you may be able to negotiate for repairs, longer closing dates, or even furniture or appliances to be included.

• Less competition: In a hot seller’s market, you might be up against multiple offers. In a buyer’s market, that bidding war pressure often disappears — giving you more breathing room.

Is now the right time?

Markets can shift quickly. If you’ve been on the fence, a buyer’s market could be your chance to get into a home with better value and less stress. Add in factors like stable mortgage rates or changes in your personal situation (like growing your family, working remotely, or wanting more space), and it might be the ideal moment to act.

A local perspective

In Vancouver, we’ve recently seen inventory rise to levels we haven’t experienced in years. That means more selection and more leverage for buyers — especially in condos and townhomes across the Westside and East Vancouver. Every neighbourhood is a bit different, so it’s worth getting a customized look at the opportunities available.

Thinking about making a move? I’m happy to send you a list of options that match your budget and goals — or even give you a rough idea of what your current home might sell for in today’s market. No pressure, just real advice.

Let’s chat if you’re curious.

— Sheldon

A bold and visionary community is taking shape in one of Vancouver’s most iconic and scenic neighbourhoods. The ʔəy̓alməxʷ / Iy̓álmexw / Jericho Lands just took a major leap forward—Vancouver City Council has officially approved the Official Development Plan (ODP) for this historic site.

Located on 90 acres between West Point Grey and Kitsilano, the Jericho Lands will be transformed into a high-density, mixed-use, transit-connected community with deep cultural roots and a strong commitment to sustainability, inclusion, and Indigenous-led development.

Here’s what’s coming:

• 13,000 new homes, with 20% designated for social housing and another 10% for secured rental

• A future SkyTrain station as part of the UBCX line

• 30 acres of green space including playgrounds, forests, sports fields, and public plazas

• New amenities: a community centre, elementary school, 5 childcare centres, and a House of Learning

• Over 3,000 local jobs through new commercial and retail spaces

• Bold design led by the cultural vision of the Musqueam, Squamish, and Tsleil-Waututh Nations

This isn’t just another master plan—it’s a generational opportunity. The MST Partnership (Musqueam, Squamish, and Tsleil-Waututh) and Canada Lands Company are working together to create a community that blends modern city living with cultural identity and stewardship of the land.

It’s also the largest Indigenous-led development in Vancouver’s history, embedding the values, traditions, and leadership of the three Nations into every part of the plan.

What does this mean for you?

Whether you're a buyer, seller, or investor, this project will significantly reshape the future of Vancouver’s Westside real estate. Expect more transit-oriented options, increased density, and new energy in one of the city’s most desirable areas.

As a local Realtor who lives and works nearby, I’ll be keeping a close eye on timelines, zoning phases, and housing opportunities as they roll out.

Want to stay in the loop or explore opportunities in the surrounding area?
Let’s chat—this could be the start of something big for you too.

—
Sheldon Coxford
Your Kitsilano + Westside Realtor
SheldonHomes.ca
Neighbourhood expertise. Community focus. Always dog-friendly.

With Vancouver’s high rental costs and competitive real estate market, many parents are considering purchasing a home for their university-bound children instead of paying rent. Whether your child is attending the University of British Columbia (UBC) or another post-secondary institution, buying a property can be a strategic investment that not only provides stability but also builds long-term equity.

Key Benefits of Buying Instead of Renting

1. Building Equity Instead of Paying Rent

Instead of spending thousands on rent each year, homeownership allows you to put that money toward a mortgage—helping you build wealth over time. Vancouver’s property values have historically appreciated, making real estate a solid investment.

2. Stability for Your Child’s University Years

Owning a home gives your child a stable and comfortable living environment, reducing the stress of finding rental housing in Vancouver’s tight market. Plus, it allows them to focus on their studies without the worry of rising rent costs or potential evictions.

3. High-Demand Rental Market for Future Income

If your child moves out after graduation, properties in Kitsilano, Fairview, Kerrisdale, and UBC campus areas are always in high demand. You can easily rent out the home to students, young professionals, or families, ensuring a steady rental income.

4. Tax and Mortgage Benefits

If structured correctly, purchasing a home for your child may offer potential tax advantages. Parents may qualify for favourable mortgage terms, and rental income after your child moves out can offset property costs.

5. A Head Start in the Vancouver Real Estate Market

With real estate prices continuing to rise, buying now means your child has an asset in one of Canada’s most desirable housing markets. Whether they choose to live in it long-term or sell it for a profit, they’re getting a foothold in Vancouver’s real estate market early.

Best Neighbourhoods to Buy for University Students

Kitsilano – Close to UBC with excellent transit, beaches, and a vibrant community, Kitsilano is a top choice for students who want a balance of lifestyle and convenience.

Fairview – A central location with easy access to public transit, shopping, and dining, Fairview offers strong rental demand and a mix of condos and townhomes.

Kerrisdale – A quiet, family-friendly area with great amenities and proximity to UBC, Kerrisdale properties tend to hold their value well.

UBC Campus – Buying directly on UBC lands provides unmatched convenience for students and strong rental potential, as demand is consistently high from both students and faculty.

Is Buying a Home for Your University Student Right for You?

Every family's situation is different, but if you're in a position to invest in real estate, purchasing a property for your child can be a strategic financial move. Not only does it save on rent, but it also offers long-term financial benefits and potential rental income.

If you're considering buying a home for your child while they attend university, let's chat! I specialize in Vancouver real estate and can help you find the perfect property in high-demand neighbourhoods like Kitsilano, Fairview, Kerrisdale, and UBC.