The most affordable neighbourhoods in Vancouver
On the July 2026 MLS® HPI release, West End has the lowest composite benchmark of the 24 Vancouver neighbourhoods on this site at $610K, followed by Downtown at $613K and Strathcona at $795K. Metro Vancouver's composite benchmark is $1.09M, so West End sits 44% below it. The composite blends detached, townhouse, and condo, so areas with mostly apartments rank lower than areas with mostly houses — the per-property-type figures on each row are the fairer comparison.
Source: Greater Vancouver REALTORS® • MLS® HPI Benchmark Summary • July 2026
All 24 neighbourhoods
Metro Vancouver's composite benchmark is $1.09M, -6.2% year over year.
Questions people ask
What is the cheapest neighbourhood in Vancouver?
By MLS® HPI composite benchmark on the July 2026 release, West End at $610K, then Downtown at $613K. That figure blends property types, so an area full of condos will always look cheaper than one full of detached homes — compare like with like using the per-type links.
Where can I buy a condo in Vancouver for the least money?
On benchmark, Hastings-Sunrise ($493K), Renfrew-Collingwood ($501K), Killarney ($526K). Benchmarks describe a typical unit, so an older or smaller apartment can sit well below these.
Is a lower benchmark the same as better value?
No. A benchmark is a price, not a judgement. Value depends on what you get for it — lot size, condition, transit, school catchment, and what the area is likely to do next. A cheaper benchmark with a worse commute and no transit plan is not better value than a dearer one with both.
Which of these is right for you?
A ranking tells you where prices moved. It cannot tell you which area suits how you live, what you can borrow, or which street within it to buy on. That part is a conversation.
Aparna Kapur, Real Estate Agent licensed in British Columbia, Oakwyn Realty Ltd., 3195 Oak Street, Vancouver, BC V6H 2L2, Canada. 604-612-7694. Benchmark figures are Greater Vancouver REALTORS® MLS® Home Price Index values and are not an appraisal of any specific property. MLS® and REALTOR® are trademarks owned by the Canadian Real Estate Association.