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🚨 Squamish’s August 2026 real estate market: · townhomes showed resilience · condos stalled · detached home prices pulled back Property Type Performance 🏘️ Townhomes: Benchmark price rose 1.8% to $1,009,100, with a 17.9% sales-to-active ratio and sold in just 31 days on average. 🏚️ Detached Homes: Sales volume surged 27.3% YoY, benchmark price fell 6.3% to $1,592,700 with balanced market (16.1% sales ratio; 41 days on market). 🏢 Condos: Sales crashed 63.2% YoY, benchmark price down 7.5% to $571,500, a buyer's market (10.0% sales ratio), days on market spiking to 77. Key Neighborhood Takeaways 🚵♀️ Valleycliffe: The top spot for single-family deals (4 of 14 detached sales). Detached benchmark dropped 5.6% to $1,307,300, but townhomes surged 4.1% to $926,500. 🚞 Downtown Squamish: The multifamily hub, driving most condo (4 of 7) and townhome (3 of 7) sales. Townhome prices stayed flat (+0.2% to $1,034,100), while condo prices dropped 8.2% to $614,400. 🐻 Garibaldi Estates: Strong townhome price gains (+3.7% to $859,000). Detached prices fell 3.6% to $1,418,200, outperforming the broader market average decline. 🏫 University Highlands: Remains Squamish's most expensive neighborhood for detached homes ($1,909,100 benchmark), though high-end pressure drove a 9.1% YoY decline. Sean Brawley 604-849-0500 RE/MAX Masters Realty Personal Real Estate Corp.
This is a high level mortgage comparison of what some of the major lenders are currently offering. Please consider this information when discussing your options with a mortgage broker or bank if you are shopping for a mortgage. Why it matters Having access to a broad selection of reputable lenders drastically improves your odds of securing lower rates. But headline numbers are only part of the equation: minimizing your total borrowing cost requires knowing how lenders price risk. How to get the absolute lowest rates The lowest rates in Canada always go to insured mortgages. Because mortgage default insurance acts as a safety net for lenders, it reduces their risk and enables them to offer lower interest rates. • Insured Mortgages: Required by law for down payments under 20%. Counterintuitively, less down often means a better rate because the government-backed insurance lowers lender risk. • Insurable Mortgages: Applies to conventional loans with at least 20% equity, a maximum 25-year amortization, an owner-occupied property, and a purchase price under $1 million. The lender pays the insurance, yielding rates 10 to 25 basis points (bps) lower than uninsured options. Pro Tips • Keep your insurance active: Switching lenders at renewal? As long as you don't increase your loan amount or extend your amortization, ensure your new lender keeps your original insurance active to retain lower rates. • Do the math on basis points: A 10 bps (0.10%) drop saves over $470 per $100,000 borrowed over a five-year term (based on a 25-year amortization). Always consult a licensed mortgage professional for the best advice.
🖼️ The Big Picture Benchmark prices are falling across all property types, but demand varies sharply by segment. Townhomes face intense competition, while condos and detached homes remain balanced. 📈 Market Dynamics by Segment 🏘️ Townhomes (Seller's Market) - Demand: Sales doubled YoY to 18 units. - Price: Benchmark price dipped to $999,600. - Pace: Sales activity ratio hit 36.0%; average 44 days. 🏢 Condominiums (Balanced Market) - Demand: Sales rose YoY to 13 units. - Price: Benchmark price dropped to $545,800. - Pace: Sales activity ratio reached 16.0%; average 29 days. 🏠 Detached Homes (Balanced Market) - Demand: Sales fell YoY to 15 units. - Price: Benchmark price fell 3.6% to $1,638,300. - Pace: Sales activity ratio landed at 15.6%; average 22 days. 🚨 Key Opportunities For Buyers: 🏫 Condos (Valleycliffe & Dentville): Major price drops create high leverage. Valleycliffe dropped 17.5% ($341,100), Dentville fell 14.4% ($554,300). 🏡 Luxury Detached (Tantalus & University Highlands): Zero sales in July as prices fell 8.6% in Tantalus ($1,853,300) and 6.1% in University Highlands ($1,969,200), opening doors for under-ask offers. For Sellers: 🏘️ Townhomes: Garibaldi Estates benchmark prices rose 1.7% ($843,500) and Valleycliffe gained 1.3% ($918,300), preserving strong seller pricing power. Sean Brawley (604-849-0500) RE/MAX Masters Realty Personal Real Estate Corp.