{"id":27356,"date":"2026-03-09T10:10:26","date_gmt":"2026-03-09T17:10:26","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27356"},"modified":"2026-03-09T10:06:58","modified_gmt":"2026-03-09T17:06:58","slug":"metro-vancouver-spring-housing-market-expected-to-test-demand","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/03\/metro-vancouver-spring-housing-market-expected-to-test-demand\/","title":{"rendered":"Metro Vancouver Spring Housing Market Expected to Test Demand"},"content":{"rendered":"<p style=\"text-align: justify;\">Home sales in Metro Vancouver remained subdued in February, with buyer demand and the pace of new listings slowing down at the same time.<\/p>\n<p style=\"text-align: justify;\">Greater Vancouver Realtors says 1,648 residential properties were sold in February, a 9.8% decline from the 1,827 sales recorded during the same month last year.<\/p>\n<p style=\"text-align: justify;\">The total was also 28.7% below the region\u2019s 10-year seasonal average of 2,310 transactions.<\/p>\n<p style=\"text-align: justify;\">\u201cWith each passing data point, the pace of sales running well below long-term averages are no longer a surprise \u2014 it\u2019s become the new norm,\u201d said Andrew Lis, the board\u2019s chief economist and vice-president of data analytics.<\/p>\n<p style=\"text-align: justify;\"><strong>Fewer Listings Also Entering The Market<\/strong><\/p>\n<p style=\"text-align: justify;\">The number of new listings also slipped compared with last February.<\/p>\n<p style=\"text-align: justify;\">There were 4,734 detached, attached and apartment properties newly listed on the MLS system in February, down 6.4% from the 5,057 homes listed during the same month last year.<\/p>\n<p style=\"text-align: justify;\">Lis said the drop in listings was somewhat unexpected, and added that this was mostly attributed to fewer listings in the apartment segment.<\/p>\n<p style=\"text-align: justify;\">Despite fewer new listings, the total number of homes available for sale remains relatively high.<\/p>\n<p style=\"text-align: justify;\">There were 13,545 properties listed on the MLS system in Metro Vancouver in February, up 6.3% compared with a year earlier and 37% above the 10-year seasonal average.<\/p>\n<p style=\"text-align: justify;\"><strong>Prices Show Moderate Year-Over-Year Declines<\/strong><\/p>\n<p style=\"text-align: justify;\">The benchmark price for all residential properties in Metro Vancouver was $1,100,300 in February, a 6.8% decrease year-over-year and a slight 0.1% dip from January.<\/p>\n<p style=\"text-align: justify;\">Detached homes had a benchmark price of $1,835,900, down 8.8% year over year. Apartment benchmark prices fell 6.8% to $708,200, while townhouse benchmark prices declined 5.6% to $1,046,100.<\/p>\n<p style=\"text-align: justify;\">The region\u2019s sales-to-active listings ratio stood at 12.6% in February, a level typically associated with balanced market conditions.<\/p>\n<p style=\"text-align: justify;\"><strong>Spring Market Expected to Test Demand<\/strong><\/p>\n<p style=\"text-align: justify;\">Lis said the spring housing market will help determine whether sales activity begins to recover.<\/p>\n<p style=\"text-align: justify;\">\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 he said.<\/p>\n<p style=\"text-align: justify;\">\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><a href=\"https:\/\/realestatemagazine.ca\/metro-vancouver-home-sales-drop-nearly-10-as-market-settles-into-new-norm\/\" target=\"_blank\" rel=\"noopener\">Metro Vancouver Home Sales Drop Nearly 10% as Market Settles Into &#8220;New Norm&#8221;<\/a> by REM Real Estate Magazine<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home sales in Metro Vancouver remained subdued in February, with buyer demand and the pace of new listings slowing down at the same time. Greater Vancouver Realtors says 1,648 residential &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/03\/metro-vancouver-spring-housing-market-expected-to-test-demand\/\">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-27356","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 Spring Housing Market Expected to Test Demand &#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-spring-housing-market-expected-to-test-demand\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Metro Vancouver Spring Housing Market Expected to Test Demand &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Home sales in Metro Vancouver remained subdued in February, with buyer demand and the pace of new listings slowing down at the same time. 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