Greater Vancouver Is Having a Sale — And You're Looking at the Receipts

Greater Vancouver Market Report Here

Metro Vancouver Market Report     Here 

Fraser Valley Market Report              Here

Detached Monthly Variance              Here

Attached Monthly Variance               Here

Read the Full Report                              Here 

The April 2026 numbers just dropped, and they're telling a story most buyers don't want to hear: the window is starting to close.

Here's what the data actually says — and why waiting could cost you.

1. Prices are down across the board — but the detached segment is already turning

Metro Vancouver's composite benchmark sits at $1,098,000 — down 6.9% from a year ago. Vancouver West detached homes are down 11.6% YoY. But here's the catch: detached prices ticked up 1.9% in the last month and 0.8% over three months. The bottom isn't a bell you hear ringing — it's a chart you only recognize in the rearview mirror.

2. Detached sales jumped 14% across the region

Vancouver West detached sales are up 21.2% year-over-year. Over the last three months, they're up 28.6%. When sales rise before prices do, it's the classic early signal that buyers are quietly stepping back in.

3. The chief economist of Greater Vancouver REALTORS® said it out loud

Andrew Lis: detached homes have historically acted as a bellwether for the broader market — and he expects multi-family to follow. Translation: the condo and townhome discount you see today may not be there in six months.

4. Condos are on the deepest discount right now

Vancouver West has 1,688 active condo listings — a buyer's pick of the litter. Benchmark condo price: $790,300, down 6.8% YoY. This level of selection rarely lasts once sentiment shifts.

5. Townhome medians are already climbing

Vancouver West townhome median sale price: $1,699,900 in April, up from $1,448,000 a year ago. Buyers are quietly paying more for townhomes — the segment is moving before the headlines catch up.

6. Inventory is 37.9% above the 10-year seasonal average

That's historic-level selection. More choice. More negotiating power. More time to inspect, compare, and walk away from the wrong one. None of that exists in a hot market.

7. The sales-to-active ratio is sitting at 13.5%

Just above the 12% threshold where prices typically start climbing again. We're sitting on the line. One strong month flips the script.

8. Interest rate cycles don't wait for buyers to feel ready

When rates drop further and sidelined demand re-enters, all three segments compete for the same shrinking inventory. The "deal" disappears in weeks, not months.

9. The best properties go first — always

Even in a soft market, well-priced homes in prime Vancouver West pockets move. The "wait and see" buyer doesn't get the corner lot, the south-facing balcony, or the renovated kitchen. They get what's left.

10. You can't time the bottom — but you can recognize the setup

Falling prices + rising sales + tightening ratio + economist forecasting a turn = the textbook definition of opportunity window.

Don't be the person in 2027 saying "I should've bought in spring 2026."

Call me to talk strategy, see what's listed, or pull comps for your neighbourhood.

Rob Britch REMAX Select Realty 604-240-5813 rob@robbritch.com