Home sales and new listings registered on the MLS® in Metro Vancouver* fell roughly ten per cent relative to October last year, respectively. 

 The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,024 in October 2026, a 10.2 per cent decrease from the 2,255 sales recorded in October 2025. This was 22.5 per cent below the 10-year seasonal average (2,612). 

 “October came with a few suspenseful distractions for buyers and sellers alike, with a somewhat surprising Bank of Canada rate hike and a snap provincial election among them,” said Andrew Lis, GVR chief economist and vice-president data analytics. “Between the onslaught of news coverage of the provincial and municipal elections, and the uncertainty surrounding where mortgage rates may be headed, it’s not entirely surprising that market participants took a step back in October to recalibrate.”

 There were 4,805 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2026. This represents a 11.6 per cent decrease compared to the 5,438 properties listed in October 2025. This was 1 per cent above the 10-year seasonal average (4,758). 

 The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 15,688, a 4.3 per cent decrease compared to October 2025 (16,393). This is 24 per cent above the 10-year seasonal average (12,649). 

 Across all detached, attached and apartment property types, the sales-to-active listings ratio for October 2026 is 13.4 per cent. By property type, the ratio is 11.6 per cent for detached homes, 16.5 per cent for attached, and 13.5 per cent for apartments. 

 Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months. 

 “With one quarter-point rate hike now behind us, and financial markets pricing in a slight chance of another quarter-point hike in December, it’s possible some buyers may step in to take advantage of rate holds that will soon be expiring,” Lis said. “Still, it’s a difficult quandary for buyers who’ve watched prices edge lower throughout the year, only to see those affordability gains eroded by higher borrowing costs. Like much of 2026, it’s a continued pattern of one step forward, one step back in nearly all aspects impacting the housing market. Whether we finish 2026 stepping forward rather than back, remains the defining question that will set the tone for the New Year.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,068,600. This represents a 5.2 per cent decrease over October 2025 and a 0.7 per cent decrease compared to September 2026. 

 Sales of detached homes in October 2026 reached 643, a 7.2 per cent decrease from the 693 detached sales recorded in October 2025. The benchmark price for a detached home is $1,775,200. This represents a 7 per cent decrease from October 2025 and a 0.5 per cent decrease compared to September 2026. 

Sales of apartment homes reached 892 in October 2026, a 16.7 per cent decrease compared to the 1,071 sales in October 2025. The benchmark price of an apartment home is $673,400. This represents a 5.9 per cent decrease from October 2025 and a 1.3 per cent decrease compared to September 2026. 

Attached home sales in October 2026 totalled 468, a 1.9 per cent decrease compared to the 477 sales in October 2025. The benchmark price of a townhouse is $1,006,500. This represents a 5.5 per cent decrease from October 2025 and a 1 per cent decrease compared to September 2026. 

Home sales registered on the MLS® in Metro Vancouver* declined 8.4 per cent relative to September last year, weighed down by the apartment segment.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,717 in September 2026, an 8.4 per cent decrease from the 1,875 sales recorded in September 2025. This was 25 per cent below the 10-year seasonal average (2,289).

“While sales were down about eight per cent overall in September, this figure hides the fact the weakness is contained to the sizeable apartment segment, which typically accounted for half of sales in any given month in recent years,” said Andrew Lis, GVR chief economist and vice-president data analytics. “By contrast, sales of attached and detached homes finished slightly up from last September, consistent with our view that end-users are primarily driving the market, as investor-driven demand awaits more favourable market conditions.”

There were 5,852 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2026. This represents a 10.3 per cent decrease compared to the 6,527 properties listed in September 2025. This was 5.7 per cent above the 10-year seasonal average (5,537).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 16,394, a four per cent decrease compared to September 2025 (17,079). This is 24.3 per cent above the 10-year seasonal average (13,186).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for September 2026 is 10.9 per cent. By property type, the ratio is 9.7 per cent for detached homes, 12.2 per cent for attached, and 11.4 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“The combination of slow sales and inventory trending lower has kept home prices from declining too swiftly, with the composite price index drifting down 0.5 percent month –over-month,” Lis said. “While small month-over-month changes may not appear significant individually, the cumulative effect of many small changes has become more pronounced over time, with all market segments now showing price declines of about three per cent since the start of the year.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,075,900. This represents a 5.5 per cent decrease over September 2025 and a 0.6 per cent decrease compared to August 2026.

Sales of detached homes in September 2026 reached 575, a 4.2 per cent increase from the 552 detached sales recorded in September 2025. The benchmark price for a detached home is $1,784,700. This represents a 7.3 per cent decrease from September 2025 and a 0.8 per cent decrease compared to August 2026.

Sales of apartment homes reached 777 in September 2026, a 18.6 per cent decrease compared to the 954 sales in September 2025. The benchmark price of an apartment home is $682,500. This represents a 6.2 per cent decrease from September 2025 and a 0.5 per cent decrease compared to August 2026.

Attached home sales in September 2026 totalled 358, a 0.6 per cent increase compared to the 356 sales in September 2025. The benchmark price of a townhouse is $1,016,700. This represents a 4.7 per cent decrease from September 2025 and a 1.2 per cent decrease compared to August 2026.

Home sales registered on the MLS® in Metro Vancouver* declined 4.6 per cent compared to August last year, marking the end of a summer season that underperformed the summer of 2025.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,869 in August 2026, a 4.6 per cent decrease from the 1,959 sales recorded in August 2025. This was 20.7 per cent below the 10-year seasonal average (2,356).

“The soft August sales data suggest the modest downward revisions we recently made to our 2026 forecast were a timely and prudent decision,” said Andrew Lis, GVR chief economist and vice-president data analytics. “The market’s performance matched our expectations for the first four months of 2026, but since May, sales have lagged our January forecast, and we expect that trend to persist to the end of the year.”

There were 4,100 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2026, representing a three per cent decrease compared to the 4,225 properties listed in August 2025. This was 1.3 per cent below the 10-year seasonal average (4,152) for new listings.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 15,798, a 2.7 per cent decrease compared to August 2025 (16,242). This is 26.2 per cent above the 10-year seasonal average (12,522).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for August 2026 is 12.3 per cent. By property type, the ratio is 9.6 per cent for detached homes, 15.1 per cent for attached, and 13.7 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“Previously, we’ve noted that inventory levels have receded from their 2025 heights. This gradual decline, paired with slower-than-usual sales, has caused prices to drift downwards across all market segments, with the composite price index now down approximately six per cent year over year,” Lis said. “Ample selection, softening prices, and stable mortgage rates are considered favorable buying conditions, but they haven't been enough to bring many buyers off the sidelines. While the renewed trade tensions with the USA are an unwelcome distraction for the market, we still believe the main drivers of this soft market are the slowdown in immigration to our region, reduced investor demand, and mortgage rates that aren’t low enough to incentivize robust buying activity.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,081,900. This represents a 5.6 per cent decrease over August 2025 and a 0.6 per cent decrease compared to July 2026.

Sales of detached homes in August 2026 reached 557, a 3.1 per cent decrease from the 575 detached sales recorded in August 2025. The benchmark price for a detached home is $1,799,400, representing a 7.2 per cent decrease from August 2025 and a 1.3 per cent decrease compared to July 2026.

Sales of apartment homes reached 891 in August 2026, a 6.8 per cent decrease compared to the 956 sales in August 2025. The benchmark price of an apartment home is $686,200, translating to a 6.6 per cent decrease from August 2025 and a 0.3 per cent decrease compared to July 2026.

Attached home sales in August 2026 totalled 412, a 0.7 per cent increase compared to the 409 sales in August 2025. The benchmark price of a townhouse is $1,028,800; this represents a 4.4 per cent decrease from August 2025 and a 0.2 per cent decrease compared to July 2026.

* Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

Buyers remain cautious to begin the fall market

Home sales registered on the MLS® in Metro Vancouver1 declined 3.8 per cent year over year in September, suggesting recent reductions in borrowing costs are having a limited effect in spurring demand so far.

Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 1,852 in September 2024, a 3.8 per cent decrease from the 1,926 sales recorded in September 2023. This was 26 per cent below the 10-year seasonal average (2,502).

There were 6,144 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2024. This represents a 12.8 per cent increase compared to the 5,446 properties listed in September 2023. This was also 16.7 per cent above the 10-year seasonal average (5,266).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 14,932, a 31.2 per cent increase compared to September 2023 (11,382). This is 24.2 per cent above the 10-year seasonal average (12,027).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for September 2024 is 12.8 per cent. By property type, the ratio is 9.1 per cent for detached homes, 16.9 per cent for attached, and 14.6 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“With some buyers choosing to stay on the sidelines, inventory levels have sustained the healthy gains achieved over the course of this year, providing much more selection to anyone searching for a home,” Lis said.

With all this choice available, prices have trended sideways for the past few months. The September figures, however, are now showing modest declines across all segments on a month over month basis. This downward pressure on prices is a result of sales not keeping pace with the number of newly listed properties coming to market, which has now put the overall market on the cusp of a buyers’ market. With two more policy rate decisions to go this year, and all signs pointing to further reductions, it’s not inconceivable that demand may still pick up later this fall should buyers step off the sidelines.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,179,700. This represents a 1.8 per cent decrease over September 2023 and a 1.4 per cent decrease compared to August 2024.

Sales of detached homes in September 2024 reached 516, a 9.8 per cent decrease from the 572 detached sales recorded in September 2023. The benchmark price for a detached home is $2,022,200. This represents a 0.5 per cent increase from September 2023 and a 1.3 per cent decrease compared to August 2024.

Sales of apartment homes reached 940 in September 2024, a 4.9 per cent decrease compared to the 988 sales in September 2023. The benchmark price of an apartment home is $762,000. This represents a 0.8 per cent decrease from September 2023 and a 0.8 per cent decrease compared to August 2024.

Attached home sales in September 2024 totalled 378, a 7.4 per cent increase compared to the 352 sales in September 2023. The benchmark price of a townhouse is $1,099,200. This represents a 0.5 per cent decrease from September 2023 and a 1.8 per cent decrease compared to August 2024.

1 Areas covered by Greater Vancouver REALTORS® include: Bowen Island, Burnaby, Coquitlam, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, South Delta, Squamish, Sunshine Coast, Vancouver, West Vancouver, and Whistler.

2 On February 12, 2024, The Real Estate Board of Greater Vancouver changed its organizational name to the Greater Vancouver REALTORS®.

Join me at Park Place One this coming Saturday from 11:00 am to 1:00 pm if you're looking for a great 2 bedroom, 2 bathroom, SW corner unit close to King George skytrain.  Close to shopping, parks, and all the conveniences, this one is sure to please!

I am very excited to be hosting this open house tomorrow at 658 E Kings Road in North Vancouver.  This 2-bedroom, 3 bath home in a quiet cul-de-sac sits on over 7,000 square feet of mature trees and lush greenery.  This home has been loveling maintained with it's one and only owner since 1968 and features a split level floorplan with 2 bedrooms up and 1 down complete with a den.  Its' location makes this home perfect for families with schools close by, stables, trails, and transit.  Come by this coming Sunday October 01st from 2 to 4 and make sure to bring your decorating ideas.  Great opportunity to live, hold, or build your dream home.  

Listing provided by Sheri Keenan of RE/MAX Select Properties

Are you ready to take the next step towards homeownership? Join us for a First-Time Home Buyers Seminar where you'll learn everything you need to know about the home buying process. This seminar is for you if you've been thinking of homeownership but not quite sure where to start. We got you covered. Join Scarlett Klee of Keller Williams Realty VanCentral and Kimberly Coutts of Mortgage Advantage West.

About Scarlett:

As a Realtor with over a decade of experience, I am passionate about helping people find their dream homes. My journey in real estate started when I was searching for a new home for myself and was struck by how complicated and overwhelming the process can be. I was determined to make a difference and provide a better experience for others. Over the years, I have helped countless families find their perfect home. Whether they were first-time homebuyers or seasoned homeowners, I have always approached each transaction with the same level of dedication and attention to detail. For over a decade, I have been proud to call myself a Realtor. It is a fulfilling and rewarding career, and I look forward to continuing to help people find their dream homes for many years to come. If you are in the market for a new home, I would be honored to assist you in your search.

About Kimberly:

Kimberly Coutts aka The Mortgage Maven is an influential and top-performing professional with over 15 years of experience in senior-level business development and partnership management. She became a mortgage broker in 2015 when her eldest son was 8 months old. Kimberly loves working with First Time Home Buyers providing them with the guidance and expertise as they make the largest purchase of their lives. With her dialed in process and constant communication, clients are always kept in the loop during the purchase.