MONTHLY MARKET UPDATE

February 2026 Real Estate Update for Greater Vancouver, Stat source: GVRB.

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February 2026 Market Snapshot

Metro Vancouver Housing Market (GVR)

February continued to reflect a market adjusting to a “new normal,” with slower sales activity, elevated inventory, and moderate price declines creating more balanced — and in some segments, buyer-favourable — conditions.

By the Numbers

• Sales: 1,642 homes sold
  ↓ 9.8% year-over-year | 28.7% below 10-year average

• New Listings: 4,734
  ↓ 6.4% year-over-year

• Active Listings: 13,240
  ↑ 6.3% year-over-year | 37% above 10-year average

• Benchmark Price (All Property Types): $1,100,300
  ↓ 6.8% year-over-year | relatively flat month-over-month

Market Balance

• Sales-to-Active Listings Ratio: 12.6%

  • Detached: 9%

  • Townhomes: 16.6%

  • Condos: 14.1%

This places the market right on the edge of balanced conditions, with detached homes clearly leaning into buyer’s market territory.

Pricing by Property Type

• Detached: $1,835,900 (↓ 8.8% YoY)

• Townhomes: $1,046,100 (↓ 5.6% YoY)

• Apartments: $708,200 (↓ 6.8% YoY)

What This Means

We’re seeing a bit of a shift in the rhythm of the market right now.

Inventory has been building while buyer activity is taking a more measured pace — creating space that we simply haven’t had in years. For buyers, that means more choice, less urgency, and the ability to be a little more intentional with both decisions and negotiations.

At the same time, not every seller is jumping in. New listings have pulled back slightly, which tells us some are choosing to wait and watch. If that trend continues and demand starts to build into spring, it could help bring a sense of balance back to pricing.

The Takeaway

This isn’t a dramatic downturn — it’s a recalibration.

The kind of market where strategy matters more than timing alone.

Buyers are finding windows of opportunity, with more selection and room to negotiate.
Sellers, on the other hand, are being asked to show up differently — thoughtful pricing, strong presentation, and clear positioning are what’s making properties stand out right now.

And in a market like this, how you enter matters just as much as when you do.

💡 Did you know?

Every time a home sells in your neighbourhood or on your street, it subtly changes the value of your property too~ Curious to learn why? Let’s connect - no obligation, just valuable insight.

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+1 778-840-3357 / catherine@catherinemccourtrealty.com