{"id":27343,"date":"2026-03-04T10:10:13","date_gmt":"2026-03-04T18:10:13","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27343"},"modified":"2026-03-03T10:30:11","modified_gmt":"2026-03-03T18:30:11","slug":"metro-vancouver-housing-market-continued-at-slower-pace","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/03\/metro-vancouver-housing-market-continued-at-slower-pace\/","title":{"rendered":"Metro Vancouver Housing Market Continued at Slower Pace"},"content":{"rendered":"<p style=\"text-align: justify;\">Metro Vancouver home sales registered on the MLS\u00ae in February continued the recent trend of slower-than-average sales, seeing a 10% decline over the same period last year.<\/p>\n<p>The Greater Vancouver REALTORS\u00ae (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).<\/p>\n<p>\u201cWith each passing data point, the pace of sales running well-below long-term averages are no longer a surprise \u2013 it\u2019s become the new norm,\u201d said Andrew Lis, GVR chief economist and vice-president data analytics. \u201cA 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.\u201d<\/p>\n<p>There were 4,734 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service\u00ae (MLS\u00ae) in Metro Vancouver in February 2026. This represents a 6.4% decrease compared to the 5,057 properties listed in February 2025. This was 7.1% above the 10-year seasonal average (4,421).<\/p>\n<p>The total number of properties currently listed for sale on the MLS\u00ae system in Metro Vancouver is 13,545, a 6.3% increase compared to February 2025 (12,744). This is 37% above the 10-year seasonal average (9,886).<\/p>\n<p>Across all detached, attached and apartment property types, the sales-to-active listings ratio for February 2026 is 12.6%. By property type, the ratio is 9% for detached homes, 16.6% for attached, and 14.1% for apartments.<\/p>\n<p>Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12% for a sustained period, while home prices often experience upward pressure when it surpasses 20% over several months.<\/p>\n<p>\u201cWith 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,\u201d Lis said. \u201cWith 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.\u201d<\/p>\n<p>The MLS\u00ae Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,100,300. This represents a 6.8% decrease over February 2025 and a 0.1% decrease compared to January 2026.<\/p>\n<p>Sales of detached homes in February 2026 reached 427, a 10.5% decrease from the 477 detached sales recorded in February 2025. The benchmark price for a detached home is $1,835,900. This represents an 8.8% decrease from February 2025 and a 0.8% decrease compared to January 2026.<\/p>\n<p>Sales of apartment homes reached 824 in February 2026, a 15.6% decrease compared to the 976 sales in February 2025. The benchmark price of an apartment home is $708,200. This represents a 6.8% decrease from February 2025 and a 0.5% increase compared to January 2026.<\/p>\n<p>Attached home sales in February 2026 totalled 387, a 7.8% increase compared to the 359 sales in February 2025. The benchmark price of a townhouse is $1,046,100. This represents a 5.6% decrease from February 2025 and a 0.3% increase compared to January 2026.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/members.gvrealtors.ca\/news\/GVR-Stats-Package-February-2026.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> to view the February 2026 MLS housing market report.<\/p>\n<p><a href=\"https:\/\/www.gvrealtors.ca\/market-watch\/monthly-market-report\/february-2026.html\" target=\"_blank\" rel=\"noopener\">New Normal for Metro Vancouver&#8217;s Housing Market Continues<\/a> by GVR<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metro Vancouver home sales registered on the MLS\u00ae in February continued the recent trend of slower-than-average sales, seeing a 10% decline over the same period last year. The Greater Vancouver &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/03\/metro-vancouver-housing-market-continued-at-slower-pace\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-27343","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Metro Vancouver Housing Market Continued at Slower Pace &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2026\/03\/metro-vancouver-housing-market-continued-at-slower-pace\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Metro Vancouver Housing Market Continued at Slower Pace &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Metro Vancouver home sales registered on the MLS\u00ae in February continued the recent trend of slower-than-average sales, seeing a 10% decline over the same period last year. 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