{"id":27371,"date":"2026-03-10T11:11:53","date_gmt":"2026-03-10T18:11:53","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27371"},"modified":"2026-03-09T17:55:56","modified_gmt":"2026-03-10T00:55:56","slug":"vancouver-apartment-condo-sales-fall-15-6-y-y","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/03\/vancouver-apartment-condo-sales-fall-15-6-y-y\/","title":{"rendered":"Vancouver Apartment-Condo Sales Fall 15.6% Y\/Y"},"content":{"rendered":"<p style=\"text-align: justify;\">Sales of apartment homes in Metro Vancouver fell 15.6% year-over-year in February as the region continued to experience slower-than-average residential activity, says a new report from Greater Vancouver Realtors.<\/p>\n<p style=\"text-align: justify;\">Apartment sales totalled 824, down from 976 in February 2025, with the benchmark price now at $708,200, a 6.8% decrease from last year and a 0.5% increase from January 2026.<\/p>\n<p style=\"text-align: justify;\">The region\u2019s overall residential sales reached 1,648 in February, a 9.8% decrease from 1,827 in February 2025 and 28.7% below the 10-year seasonal average of 2,310.<\/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 \u2013 it\u2019s become the new norm,\u201d said Andrew Lis, GVR chief economist and vice-president of 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 style=\"text-align: justify;\">New listings across all property types totalled 4,734 in February 2026, a 6.4% decline from 5,057 in February 2025, though slightly above the 10-year seasonal average. The total number of properties currently listed for sale stands at 13,545, up 6.3% from February 2025 and 37% above the 10-year seasonal average.<\/p>\n<p style=\"text-align: justify;\">The sales-to-active listings ratio in February 2026 was 12.6% overall, with detached homes at 9%, attached homes at 16.6%, and apartments at 14.1%. Historically, a ratio below 12% over a sustained period can put downward pressure on home prices, while ratios above 20% often support price growth.<\/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 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 style=\"text-align: justify;\">Detached home sales in February totalled 427, a 10.5% decline from 477 last year, with a benchmark price of $1,835,900, down 8.8% from February 2025. Attached home sales rose 7.8% to 387, with a benchmark townhouse price of $1,046,100, down 5.6% from last year. The MLS Home Price Index composite benchmark for all residential properties in Metro Vancouver is $1,100,300, a 6.8% decline from February 2025.<\/p>\n<p style=\"text-align: justify;\">The findings point to a continuing decline in sales. Vancouver-area home sales fell to their lowest annual level in more than 20 years in 2025, as higher inventory and economic headwinds weighed on demand, GVR reported previously.<\/p>\n<p><a href=\"https:\/\/www.connectcre.ca\/stories\/vancouver-apartment-condo-sales-fall-15-6-in-february\/\" target=\"_blank\" rel=\"noopener\">Vancouver Apartment-Condo Sales Fall 15.6% in February<\/a> by Monte Stewart | Connect CRE Canada<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sales of apartment homes in Metro Vancouver fell 15.6% year-over-year in February as the region continued to experience slower-than-average residential activity, says a new report from Greater Vancouver Realtors. Apartment &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/03\/vancouver-apartment-condo-sales-fall-15-6-y-y\/\">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-27371","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>Vancouver Apartment-Condo Sales Fall 15.6% Y\/Y &#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\/vancouver-apartment-condo-sales-fall-15-6-y-y\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Vancouver Apartment-Condo Sales Fall 15.6% Y\/Y &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Sales of apartment homes in Metro Vancouver fell 15.6% year-over-year in February as the region continued to experience slower-than-average residential activity, says a new report from Greater Vancouver Realtors. 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