Greater Vancouver REALTORS® Report: March 2026 Market Shows Divergence in Property Types

Greater Vancouver REALTORS — March 2026

In March 2026, the Greater Vancouver REALTORS® report a composite benchmark price of $1,104,300, reflecting a 6.8% decrease year-over-year. Total sales reached 2,032, a slight decline of 2.8% from March 2025, while active listings increased to 14,774, marking a 1.6% rise compared to the previous year.

Market Analysis

The Greater Vancouver real estate market continues to exhibit signs of divergence among property types as demand remains subdued. With a sales-to-active listings ratio of 14.2%, the market is currently classified as a buyer's market. The total number of sales is 31.8% below the 10-year seasonal average of 2,981, indicating a persistent weakness in demand. Despite this, the total number of active listings has increased by 1.6% year-over-year, suggesting that inventory levels are remaining relatively stable as fewer sellers enter the market compared to last year.

The composite benchmark price of $1,104,300 indicates a slight increase of 0.4% from February 2026, yet a notable decrease of 6.8% from March 2025. This pricing trend reflects the ongoing challenges in the market, exacerbated by external factors such as rising bond yields and fixed mortgage rates due to geopolitical tensions. As the spring market approaches, these dynamics may further dampen demand unless there is a swift resolution to the current conflicts affecting economic stability.

Property Type Analysis

When examining the performance of different property types, the detached segment shows signs of resilience, with sales increasing by 8.3% to 571 units compared to March 2025. However, the benchmark price for detached homes stands at $1,854,800, down 8.2% year-over-year. In contrast, the attached and apartment segments continue to experience slower sales, with 446 and 999 sales respectively, reflecting the overall trend of declining demand in the multifamily market. The benchmark price for attached homes is $1,047,100, while apartments are priced at $706,700, both indicating the need for buyers to carefully consider their options in a fluctuating market.

Regional Highlights

Regionally, the Greater Vancouver area is witnessing a significant increase in active listings, with a total of 14,774 properties currently available, which is 38% above the 10-year seasonal average of 10,704. This increase in inventory, coupled with a decrease in new listings by 10.3% year-over-year, suggests a potential shift in market dynamics as buyers have more options to choose from. The sales-to-active listings ratio varies by property type, with detached homes at 11%, attached homes at 17.2%, and apartments at 15.7%, indicating varying levels of competition across segments.

For Buyers

For prospective buyers, the current market conditions present an opportunity to negotiate favorable terms, especially in the detached and attached segments where inventory levels are higher. Buyers should take advantage of the increased selection and consider conducting thorough market research to identify properties that meet their needs while remaining within budget.

For Sellers

Sellers are advised to remain realistic about pricing in the current market environment, as the overall downward pressure on home prices may affect their sale outcomes. With fewer new listings entering the market, sellers should ensure their properties are well-presented and competitively priced to attract potential buyers in a buyer's market.