February 2026 Market Stats
Mar 04, 2026
Metro Vancouver Real Estate Adjusts to Evolving Conditions
Metro Vancouver home sales registered on the MLS® in February continued the recent trend of slower-than-average sales, seeing a 10% decline over the same period last year.
The GVR reports that residential sales in the region totalled 1,648 in February 2026, a 9.8% decrease from the 1,827 sales recorded in February 2025. This was 28.7% below the 10-year seasonal average (2,310).
“With each passing data point, the pace of sales running well-below long-term averages are no longer a surprise – it’s become the new norm,” said Andrew Lis, GVR chief economist and vice-president data analytics. “A surprising finding this February, however, is that home sellers appear less eager to list their homes relative to last year with new listings down about 7%, mostly driven by fewer listings in the apartment segment.”
“With fewer sellers coming to market with their properties than last year, a pick-up in demand heading into the spring could result in a stagnation of standing inventory, which may support prices around current levels,” Lis said. “With sales slightly outpacing our 2026 forecast year-to-date, the spring market will be the litmus test of whether we continue along this new normal, or if we see any significant surprises.”
We understand that market statistics can sometimes feel too general, leaving you wondering, “How does this apply to me?” To address this, we’ve detailed the sales activity in Downtown Vancouver, East Van, and the Westside. Our goal is to help you gain a clearer understanding of the real estate trends directly affecting your neighbourhood.
Downtown Vancouver:
- Market Type: Balanced Market at 13% Sales Ratio average (1.3 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 4% below list price
- Most Active Price Band: Homes between $500,000 – $800,000 with average 22% Sales Ratio (Sellers market)
- Opportunity for Buyers: Homes minimum $1.5M to $1.75M in Coal Harbour and 3 bedroom properties
- Opportunity for Sellers: Selling homes in Downtown, West End, and Yaletown and up to 2 bedroom properties
Vancouver Westside:
Detached Housing
- Market Type: Buyers Market at 9% Sales Ratio average (9 in 100 homes selling rate)
- Housing Prices: Homes are selling on average 5% below list price
- Most Active Price Band: Homes between $2.5M – $2.75M with average 39% Sales Ratio (Sellers Market)
- Opportunity for Buyers: Homes minimum $7.5M, Maropole, Shaughnessy and South Granville minimum 7 bedroom properties
- Opportunity for Sellers: Selling homes in Kitsilano and up to 2 bedroom properties
Attached Housing
- Market Type: Balanced Market at 14% Sales Ratio average (1.4 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 2% below list price
- Most Active Price Band: Homes between $600,000 – $700,000 with average 28% sales ratio (Sellers market)
- Opportunity for Buyers: Homes between $1.5M – $1.75M / $2M – $2.25M, Marpole, Oakridge, SW Marine and South Granville
- Opportunity for Sellers: Selling homes in Fairview, Point Grey and up to 1 bedroom properties
Vancouver Eastside:
Detached Housing
- Market Type: Balanced Market at 10% Sales Ratio average (1 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 4% below list price
- Most Active Price Band: Homes between $1.M – $1.25M with average 22% Sales Ratio (Sellers Market)
- Opportunity for Buyers: Homes between $2.5M – $2.75M / $3M – $3.5M Collingwood, Fraserview, Killarney, Main and Renfrew Heights
- Opportunity for Sellers: Selling homes in Victoria and up to 6 bedroom properties
Attached Housing
- Market Type: Sellers Market at 21% Sales Ratio average (2.1 in 10 homes selling rate)
- Housing Prices: Homes are selling on average 4% below list price
- Most Active Price Band: Homes between $400,000 – $700,000 / $900,000 – $1M with average 24% Sales Ratio (Sellers Market)
- Opportunity for Buyers: Homes between $1.5M – $1.75M, South Vancouver and minimum 4 bedroom properties
- Opportunity for Sellers: Selling homes in Fraser, Killarney, Knight, Mount Pleasant, Victoria and up to 1 bedroom properties
Get in touch with us today to better understand your unique situation and get honest advice on how your home fits within the overall picture. It’s important to ensure you’re getting the right advice with your best interests at heart.
Let’s chat over a complimentary coffee and see how we can help with any questions you may have!
This report data was captured on March 1, 2026 from the Real Estate Board of Greater Vancouver MLS®. Refer to our YTD reports for sustained periods of the Sales Ratio %. The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Resident Experts do not assume any responsibility or liability.
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