Metro Vancouver Real Estate Market Update – March 2026

by Nikki Cvitanovic

If you’ve been wondering what’s actually happening in the Vancouver market right now…

You’re not alone.

Sales Are Still Slower Than Normal

1,648 homes sold (February 2026 data released in March)
Down 9.8% from last year
Nearly 29% below the 10-year average

Buyers are still there, just more cautious.

Inventory Is Up (More Choice for Buyers)

13,545 active listings
Up 6.3% from last year
37% above the 10-year average

👉 Translation: Buyers have more options than we’ve seen in years.

New Listings Slightly Down

4,734 new listings
Down 6.4% year-over-year

👉 Sellers are being more selective about entering the market.

Market Balance (This Is the Key Metric)

Sales-to-active listings ratio: 12.6%

What this means:

Below 12% → downward pressure on prices
Above 20% → upward pressure on prices

👉 Right now?

We are sitting right on the edge of a balanced-to-buyer-leaning market.

Prices (What’s Actually Happening)

Benchmark price: $1,100,300
Down 6.8% year-over-year
Essentially flat month-to-month

Breakdown:

Detached: $1,835,900 (↓ 8.8% YoY)
Condo: $708,200 (↓ 6.8% YoY)
Townhomes: $1,046,100 (↓ 5.6% YoY)

👉 Prices have softened compared to last year…
👉 But they’re starting to stabilize month-to-month

🧠 What This Means (Simple Version)

Right now, the Vancouver market looks like this:

Buyers have more options
Sellers face more competition
Prices are not dropping fast but not rising either
The market is waiting for momentum

What to Watch This Spring

According to GVR:

👉 Spring 2026 will be the “litmus test” for the market

If demand picks up → prices could stabilize or rise
If not → inventory continues to build

Final Thoughts

This isn’t a hot market.
This isn’t a crashing market.

👉 It’s a strategic market.

And the people who win right now?

Buyers who understand their leverage
Sellers who price correctly from day one

If you’re wondering how this applies to your situation — whether you’re buying or selling — I can break down exactly what this market means for you.

No headlines. Just real numbers.