{"id":27695,"date":"2026-05-07T10:10:59","date_gmt":"2026-05-07T17:10:59","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27695"},"modified":"2026-05-07T08:49:30","modified_gmt":"2026-05-07T15:49:30","slug":"metro-vancouver-detached-gains-momentum-fraser-valley-remains-buyers-market-as-inventory-builds","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/05\/metro-vancouver-detached-gains-momentum-fraser-valley-remains-buyers-market-as-inventory-builds\/","title":{"rendered":"Metro Vancouver Detached Gains Momentum, Fraser Valley Remains Buyer&#8217;s Market as Inventory Builds"},"content":{"rendered":"<p style=\"text-align: justify;\">Home sales in Metro Vancouver held relatively steady in April, but a growing divide between detached homes and multi-family properties is shaping the market.<\/p>\n<p style=\"text-align: justify;\">Residential sales totalled 2,110 units, down 2.5% from April 2025 and nearly 23% below the 10-year seasonal average, according to Greater Vancouver Realtors (GVR).<\/p>\n<p style=\"text-align: justify;\">\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. \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<p style=\"text-align: justify;\"><strong>Detached Gains Momentum, Overall Sales Lag<\/strong><\/p>\n<p style=\"text-align: justify;\">Sales of detached homes rose 14% year-over-year to 659 units in April, even as apartment sales fell 10.7% to 1,009 units and attached sales edged down 2% to 433.<\/p>\n<p style=\"text-align: justify;\">New listings totalled 6,684 units, down 2.4% from last year but still 15.5% above the 10-year average. Total inventory reached 16,236 units, up slightly from a year ago and nearly 38% above long-term norms.<\/p>\n<p style=\"text-align: justify;\">The sales-to-active listings ratio sat at 13.5% in April \u2014 just above the threshold typically associated with downward pressure on prices.<\/p>\n<p style=\"text-align: justify;\"><strong>Prices Flat as Inventory Keeps Pressure on Market<\/strong><\/p>\n<p style=\"text-align: justify;\">The composite benchmark price for all residential properties was $1,098,000 in April, down 6.9% from a year earlier and 0.6% from March.<\/p>\n<p style=\"text-align: justify;\">Detached benchmark prices fell 8.3% year-over-year to $1,840,700, while apartment prices dropped 7.9% to $703,000. Townhouse prices declined 5.1% to $1,043,400.<\/p>\n<p style=\"text-align: justify;\">Lis said prices have remained relatively flat month-over-month as higher inventory levels limit upward pressure, but added the detached segment may be signalling a shift.<\/p>\n<p style=\"text-align: justify;\"><strong>Fraser Valley Remains Buyer&#8217;s Market as Inventory Builds<\/strong><\/p>\n<p style=\"text-align: justify;\">In the Fraser Valley, sales totalled 1,118 in April, up 11% from March and 7% higher than a year earlier, according to the Fraser Valley Real Estate Board (FVREB).<\/p>\n<p style=\"text-align: justify;\">New listings rose 6% month-over-month to 3,549, while active inventory climbed to 9,816 \u2014 up 7% from March and 45% above the 10-year seasonal average.<\/p>\n<p style=\"text-align: justify;\">The region remains in a buyer\u2019s market, with a sales-to-active listings ratio of 11%, below the 12% to 20% range typically associated with balanced conditions.<\/p>\n<p style=\"text-align: justify;\">Benchmark prices showed mixed movement. The composite price rose 0.1% from March to $899,200, but remained lower year-over-year. Detached prices fell 8.8% annually to $1,374,800, while townhomes dropped 7.4% to $771,600. Apartment prices edged up 0.4% month-over-month to $491,000 but were down 8.3% from April 2025.<\/p>\n<p style=\"text-align: justify;\">Detached properties averaged 37 days on market, compared with 32 days for townhomes and 42 days for apartments.<\/p>\n<p style=\"text-align: justify;\">Some sellers are still adjusting to the softer pricing environment, particularly those who bought near the peak several years ago.<\/p>\n<p style=\"text-align: justify;\">\u201cIt\u2019s a bit of a shock to people when they see that the value might not necessarily be where they expected it to be,\u201d said Jeremy Bator of HouseSigma in Surrey.<\/p>\n<p style=\"text-align: justify;\">\u201cIn this market, pricing is not about aiming high, it\u2019s about being precise. If you chase the market, you lose leverage,\u201d he said.<\/p>\n<p><a href=\"https:\/\/realestatemagazine.ca\/vancouver-home-sales-flatten-with-market-splintered-by-housing-type\/\" target=\"_blank\" rel=\"noopener\">Vancouver Home Sales Flatten, with Market Splintered<\/a> by Housing Type by REM Real Estate Magazine<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home sales in Metro Vancouver held relatively steady in April, but a growing divide between detached homes and multi-family properties is shaping the market. Residential sales totalled 2,110 units, down &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/05\/metro-vancouver-detached-gains-momentum-fraser-valley-remains-buyers-market-as-inventory-builds\/\">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-27695","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 Detached Gains Momentum, Fraser Valley Remains Buyer&#039;s Market as Inventory Builds &#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\/05\/metro-vancouver-detached-gains-momentum-fraser-valley-remains-buyers-market-as-inventory-builds\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Metro Vancouver Detached Gains Momentum, Fraser Valley Remains Buyer&#039;s Market as Inventory Builds &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Home sales in Metro Vancouver held relatively steady in April, but a growing divide between detached homes and multi-family properties is shaping the market. 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