Metro Vancouver Housing Market – February 2026
February’s numbers reinforce what many of us are experiencing on the ground — a slower, more balanced market that may represent a “new normal.”
Sales Activity
• 1,648 homes sold
• Down 9.8% compared to February 2025
• Nearly 29% below the 10-year average
New Listings
• 4,734 new listings
• Down 6.4% year over year
• The decline was led primarily by fewer apartment listings
Inventory
• 13,545 active listings
• Up 6.3% compared to last year
• 37% above the 10-year average
Sales-to-Active Listings Ratio: 12.6%
• Detached: 9%
• Attached: 16.6%
• Apartments: 14.1%
(Generally, below 12% suggests downward price pressure; above 20% suggests upward pressure.)
Benchmark Prices
• Detached: $1,835,900 (↓ 8.8% YoY)
• Apartment: $708,200 (↓ 6.8% YoY, ↑ 0.5% month-over-month)
• Townhouse: $1,046,100 (↓ 5.6% YoY, ↑ 0.3% month-over-month)
• Overall benchmark: $1,100,300 (↓ 6.8% YoY)
Key takeaway:
While sales remain below long-term averages, we’re also seeing fewer sellers entering the market. If spring demand strengthens, inventory could stabilize and pricing may hold closer to current levels.
The spring market will be an important indicator of where 2026 ultimately trends.
As always, informed decisions matter — whether you’re buying, selling, or advising clients as a REALTOR®.
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