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Market Update — March 2026

MarketAnalysis

Metro Vancouver Residential Real Estate Report

March 2026

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Executive Summary

Market Overview

Total Sales

2,032

-2.8% YoY

New Listings

5,792

-10.3% YoY

Active Listings

14,774

+1.6% YoY

HPI Composite

$1.10M

-6.8% YoY

Analyst View

March 2026 delivered 2,032 sales — down 2.8% from last year and a sobering 31.8% below the 10-year seasonal average. Active inventory sits 38% above the long-run norm, keeping buyers firmly in control across most segments. Yet glimmers of stabilization are emerging: the composite benchmark edged +0.4% month-over-month, detached sales rose 8.3% YoY, and West Vancouver detached jumped +5.5% MoM. The BoC held rates at 2.25%, while reduced immigration targets and record 2025 condo completions continue to reshape demand. Spring will be the real test.

Data: Greater Vancouver REALTORS® | Analysis: reyhani.ca

Transaction Analysis

Sales by Property Type

Type	Sales	Share	YoY
Apartments	999	49.3%	-7.8%
Detached	571	28.2%	+8.3%
Townhouse	446	22.0%	-5.5%
Total	2,032	100%	-2.8%

Observation

Detached is the only segment to post a YoY sales gain (+8.3%), signaling relative resilience. Apartments fell 7.8% YoY as record 2025 completions and softer investor demand weigh on condo absorption. Townhouses also declined 5.5% YoY but maintain the strongest sales-to-active ratio at 17.2%.

Data: Greater Vancouver REALTORS® | Analysis: reyhani.ca

HPI Benchmark Prices

Price Performance

Detached

$1,854,800

-8.2% YoY | +1.0% MoM

Townhouse

$1,047,100

-5.7% YoY | +0.1% MoM

Apartment

$706,700

-7.8% YoY | +0.2% MoM

What is the HPI (Home Price Index)?

The MLS® Home Price Index (HPI) tracks the price of a "typical" home in each market over time. This provides a more accurate measure of actual market price movements. The HPI benchmark represents what a typical property would sell for in current market conditions.

Data: Greater Vancouver REALTORS® MLS® HPI | Analysis: reyhani.ca

Supply & Demand

Market Balance

Overall 14.2% Balanced Market
Detached 11.0% Buyer's Market
Townhouse 17.2% Balanced Market
Apartment 15.7% Balanced Market

Ratio Thresholds

Below 12% — Buyer's Market

12% – 20% — Balanced Market

Above 20% — Seller's Market

Data: Greater Vancouver REALTORS® | Analysis: reyhani.ca

Regional HPI Analysis

Detached Home Benchmarks

Analysis: reyhani.ca

Thank You

Metro Vancouver Real Estate Market Analysis

March 2026

reyhani.ca

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RAY REYHANI

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Email: info@Reyhani.ca

Office: 604.416.0067

Fax: 604.922.0732

202 – 1555 Marine Drive West Vancouver, BC V7V 1H9

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