What the market is telling us

The overall market is stable and measured — sales are tracking closely to 2025 levels, prices are essentially flat month-over-month, and a healthy supply of homes is available. Beneath that calm surface, one segment is standing out: detached homes are showing real momentum, with sales up more than 8% year-over-year and new listings actually declining from last year. That's a meaningful signal for anyone watching the detached market closely.

Great news for Buyers

This is the most buyer-friendly environment Metro Vancouver has offered in years. Here's why this moment matters:

Inventory is 38% above the 10-year seasonal average — more homes to choose from than in most recent springs.

Prices are essentially flat month-over-month across all property types, giving buyers a stable foundation to negotiate from.

Apartment benchmark at $706,700 is down 7.8% from a year ago — entry-level purchasing power hasn't been this strong in some time.

The sales-to-active-listings ratio of 14.2% sits comfortably in balanced territory — no bidding-war pressure.

Great news for Sellers

A slowing market is not a bad market for prepared sellers. The current conditions are working in your favour:

New listings dropped 10.3% from last March — competition among sellers is actually easing, not growing.

Detached home sales rose 8.3% year-over-year — motivated buyers are active and transacting in the detached segment.

Month-over-month prices ticked upward for detached (+1%) and townhouses (+0.1%), signalling prices are holding.

Sellers who price well and present well are still selling — 2,032 sales happened in March alone.

The Bigger Picture

The wait-and-see mood in the market won't last forever. Geopolitical factors — including bond yield pressure from the Middle East conflict — are creating short-term uncertainty, but history shows that Metro Vancouver real estate consistently rewards those who act with conviction during quieter periods. The 10-year composite price change of +15.4% for Greater Vancouver tells the story of a resilient, long-term market.

Whether you're a buyer ready to take advantage of today's selection and stable prices, or a seller whose well-prepared home stands out in a less-crowded field — this spring market has something to offer you.

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We are currently seeing a noticeable increase in the number of homes available for sale, while overall sales activity remains below long-term averages.

When this combination occurs, the market often begins to create opportunities.

Our expectation is that home values will likely level out this year, while the number of transactions gradually improves as buyers adjust to current interest rates.

With rates down from their peak and more homes to choose from, many buyers are starting to re-enter the market.

Vancouver real estate rarely goes “on sale,” but periods like this can quietly open windows of opportunity — particularly for first-time buyers or those considering their next move.

For homeowners looking to trade up, the gap between selling and buying has narrowed, making it easier to move to a better location, a larger home, or a newer property.

And for those who simply need to sell, careful positioning and pricing can still produce excellent results in today’s market.

If you are thinking about making a move — now or later this year — I would be happy to share a few ideas based on what we are currently seeing.

Out of curiosity — do you feel the market right now is creating more opportunity for buyers, sellers, or both?

Feel free to reach out anytime. And if someone you know might benefit from this update, please feel free to pass it along.

Vancouver West Report                                  Here

Vancouver East Report                                    Here

Read the Full Report                                           Here

Greater Vancouver Market Report             Here

Metro Vancouver Market Report                 Here

Fraser Valley Market Report                          Here 

Detached Monthly Variance                          Here

Attached Monthly Variance                           Here 

Is the Vancouver Housing Market Stabilizing?

Metro Vancouver Real Estate Market Update – February 2026

The Metro Vancouver housing market is continuing to shift toward more balanced conditions as we approach the spring market. Buyers are seeing more selection, while sellers still benefit from steady demand.

3 Key Market Stats

1. Sales Activity
There were 1,648 homes sold in February 2026, about 9.8% fewer than February last year. GVR-Stats-Package-February-2026

2. More Homes for Sale
There are currently 13,545 homes listed across Metro Vancouver, which is 37% above the 10-year seasonal average. GVR-Stats-Package-February-2026

3. Home Prices
The benchmark price across all residential property types is $1,100,300.

Benchmark prices by property type:

• Detached homes: $1,835,900

• Townhomes: $1,046,100

• Apartments: $708,200

What This Means

The sales-to-active listings ratio is currently 12.6%, suggesting the market is moving toward balanced conditions.

For buyers, this means more choice and less competition than in recent years.
For sellers, well-priced and well-presented homes are still attracting serious buyers.

As we move into the spring market, increased buyer activity could help stabilize inventory and support prices.

Thinking of Buying or Selling?

With over 33 years of experience in Vancouver real estate, I help clients navigate changing markets with clarity and confidence.

If you’re considering a move, feel free to reach out for a personalized market strategy based on today’s conditions.

Rob Britch
RE/MAX Select Realty
📞 604-240-5813
🌐 robbritch.com