{"id":27687,"date":"2026-05-04T10:10:06","date_gmt":"2026-05-04T17:10:06","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27687"},"modified":"2026-05-04T09:53:49","modified_gmt":"2026-05-04T16:53:49","slug":"metro-vancouver-housing-market-is-diverging-between-property-types","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/05\/metro-vancouver-housing-market-is-diverging-between-property-types\/","title":{"rendered":"Metro Vancouver Housing Market is Diverging Between Property Types"},"content":{"rendered":"

Home sales registered on the MLS\u00ae in Metro Vancouver remain relatively flat compared to April last year, but a divergence is emerging between market segments.<\/p>\n

The Greater Vancouver REALTORS\u00ae (GVR) reports that residential sales in the region totalled 2,110 in April 2026, a 2.5% decrease from the 2,163 sales recorded in April 2025. This was 22.9% below the 10-year seasonal average (2,735).<\/p>\n

\u201cLast month we noted that a divergence was emerging between sales trends in the detached and multi-family segments, which continued in April,\u201d said Andrew Lis, GVR chief economist and vice-president data analytics. \u201cSales of detached homes have been gaining year-over-year, while sales in the multi-family segment have declined, and this pattern is consistent across most areas. The fact this pattern is so broad-based reduces the likelihood what we\u2019re seeing is just a blip in the data since the momentum isn\u2019t isolated to small pockets of the market.\u201d<\/p>\n

There were 6,684 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service\u00ae (MLS\u00ae) in Metro Vancouver in April 2026. This represents a 2.4% decrease compared to the 6,850 properties listed in April 2025. This was 15.5% above the 10-year seasonal average (5,785).<\/p>\n

The total number of properties currently listed for sale on the MLS\u00ae system in Metro Vancouver is 16,236, a 0.2% increase compared to April 2025 (16,207). This is 37.9% above the 10-year seasonal average (11,773).<\/p>\n

Across all detached, attached and apartment property types, the sales-to-active listings ratio for April 2026 is 13.5%. By property type, the ratio is 11.3% for detached homes, 15% for attached, and 14.7% for apartments.<\/p>\n

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

\u201cWhile it\u2019s not always the case, there have been periods where the detached segment has acted as a bellwether of market sentiment, and it\u2019s a question whether this time around this might be the case,\u201d Lis said. \u201cPrices across all segments remain relatively flat month over month as inventory levels remain sufficient to keep price escalation at bay. But with the detached segment picking up steam heading into the full swing of spring, it may only be a matter of time until the multi-family segments follow suit, which would slowly draw down standing inventory levels unless a surge of sellers come to market with their properties. We\u2019ll be watching the next few months of data closely to see if pent-up demand re-enters the market heading into summer.\u201d<\/p>\n

The MLS\u00ae Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,098,000. This represents a 6.9% decrease over April 2025 and a 0.6% decrease compared to March 2026.<\/p>\n

Sales of detached homes in April 2026 reached 659, a 14% increase from the 578 detached sales recorded in April 2025. The benchmark price for a detached home is $1,840,700. This represents an 8.3% decrease from April 2025 and a 0.8% decrease compared to March 2026.<\/p>\n

Sales of apartment homes reached 1,009 in April 2026, a 10.7% decrease compared to the 1,130 sales in April 2025. The benchmark price of an apartment home is $703,000. This represents a 7.9% decrease from April 2025 and a 0.5% decrease compared to March 2026.<\/p>\n

Attached home sales in April 2026 totalled 433, a 2% decrease compared to the 442 sales in April 2025. The benchmark price of a townhouse is $1,043,400. This represents a 5.1% decrease from April 2025 and a 0.4% decrease compared to March 2026.<\/p>\n

Click here t<\/a>o view GVR’s April 2026 MLS\u00ae Housing Market Report.<\/p>\n

Diverging Trends Widen as Detached Housing Gains Steam by GVR<\/p>\n","protected":false},"excerpt":{"rendered":"

Home sales registered on the MLS\u00ae in Metro Vancouver remain relatively flat compared to April last year, but a divergence is emerging between market segments. The Greater Vancouver REALTORS\u00ae (GVR) … [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-27687","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"\nMetro Vancouver Housing Market is Diverging Between Property Types • 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\/05\/metro-vancouver-housing-market-is-diverging-between-property-types\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Metro Vancouver Housing Market is Diverging Between Property Types • Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Home sales registered on the MLS\u00ae in Metro Vancouver remain relatively flat compared to April last year, but a divergence is emerging between market segments. 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