Metro Vancouver Residential Real Estate Report
March 2026
Executive Summary
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
| 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
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
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
Analysis: reyhani.ca
Metro Vancouver Real Estate Market Analysis