North Vancouver Real Estate Market Report
Executive Summary
The North Vancouver, British Columbia real estate market is currently classified as a buyer's market. The MLS composite benchmark price is $1.1M, down 6.8% year-over-year.
There are currently 1,075 active listings, representing 7.3 months of inventory. According to Greater Vancouver REALTORS, there were 2,032 sales and 5,792 new listings in Invalid Date. Inventory has increased 76.8% compared to last month.
Currently, listings spend an average of 52 days on market and the average price per square foot is $951.
Board Data vs Our Listings
| Metric | Greater Vancouver REALTORS | Our Listings |
|---|---|---|
| Benchmark / Median Price | $1.1M | $1.4M |
| Active Listings | 14,774 | 1,075 |
| Detached Benchmark | $1.9M | $2.5M |
| Townhouse Benchmark | $1.0M | $1.1M |
| Apartment Benchmark | $707K | $1.1M |
Detached properties make up the largest share of the North Vancouver market at 42% of active listings with an average price of $2.5M. Condo listings follow at 58% (avg $1.1M).
Sales Activity & Absorption
Volume
Market Signals
Greater Vancouver REALTORS reported 2,032 sales this period, 467 new listings appeared in the past month.
Greater Vancouver REALTORS Monthly Report
The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,032 in March 2026, a 2.8 per cent decrease from the 2,091 sales recorded in March 2025. This was 31.8 per cent below the 10-year seasonal average (2,981).
“Year-to-date, sales are tracking our forecast for the year closely, and the weakness in demand we continue to observe at the aggregate level is unsurprising. What’s interesting is that the aggregate total masks an emerging divergence among market segments. While the multifamily segment continues to see slower sales, the detached segment may be awakening with sales up, and new listings down from last year.”
Andrew Lis, GVR chief economist and vice-president data analytics
There were 5,792 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2026. This represents a 10.3 per cent decrease compared to the 6,455 properties listed in March 2025. This was 4.9 per cent above the 10-year seasonal average (5,521).
The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,774, a 1.6 per cent increase compared to March 2025 (14,546). This is 38 per cent above the 10-year seasonal average (10,704).
Across all detached, attached and apartment property types, the sales-to-active listings ratio for March 2026 is 14.2 per cent. By property type, the ratio is 11 per cent for detached homes, 17.2 per cent for attached, and 15.7 per cent for apartments.
Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.
“We continue to see fewer sellers stepping into the market than last year, which is keeping inventory levels relatively flat. Pairing this dynamic with sales remaining below long-term averages, we’re not seeing prices move significantly in either direction,” Lis said. “And while the political uncertainty over tariffs may have diminished relative to what we saw in early 2025, the conflict in the middle east is now putting upward pressure on bond yields and fixed mortgage ratess.
“As a result, it’s reasonable to expect there may be a dampening effect on demand as we head into the spring market, absent a swift resolution to the conflict.”
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,104,300. This represents a 6.8 per cent decrease over March 2025 and a 0.4 per cent increase compared to February 2026.
Sales of detached homes in March 2026 reached 571, an 8.3 per cent increase from the 527 detached sales recorded in March 2025. The benchmark price for a detached home is $1,854,800. This represents an 8.2 per cent decrease from March 2025 and a 1 per cent increase compared to February 2026.
Sales of apartment homes reached 999 in March 2026, a 7.8 per cent decrease compared to the 1,084 sales in March 2025. The benchmark price of an apartment home is $706,700. This represents a 7.8 per cent decrease from March 2025 and a 0.2 per cent decrease compared to February 2026.
Attached home sales in March 2026 totalled 446, a 5.5 per cent decrease compared to the 472 sales in March 2025. The benchmark price of a townhouse is $1,047,100. This represents a 5.7 per cent decrease from March 2025 and a 0.1 per cent increase compared to February 2026.
Source: Greater Vancouver REALTORS, Invalid Date
Market Balance
Months of Inventory
Supply and demand are roughly balanced.
Moderate absorption — healthy turnover.
With 7.3 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
This is currently a buyer's market with more negotiating power for purchasers. The North Vancouver market currently has 1,075 active listings with a median price of $1.4M and 7.3 months of inventory.
According to Greater Vancouver REALTORS, the composite benchmark price is $1.1M (-6.8% year-over-year). There were 2,032 sales recorded, with a sales-to-active listings ratio of 14.2%. This indicates a balanced market with moderate competition.
- High inventory (7.3 months) favors buyers
- Prices declining (-21.6% in 30 days)
- Low price reduction rate (0% of listings)
- Low sell-through rate (35%)
- Slow-moving market (52 avg days on market)
- Average price per square foot is $951
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily, with board statistics from Greater Vancouver REALTORS. Prepared by Dan Braun with AI assistance, reviewed by our team.
Monthly Reports Archive
Market data is calculated from active and recently sold MLS® listings as of June 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.