Vancouver Real Estate Market Report
Executive Summary
Eyal PevznerLocal expert · VancouverThe Vancouver, British Columbia real estate market is currently classified as a buyer's market. The median asking price is $1.4M, down 6.1% over the past 30 days.
There are currently 4,430 active listings, representing 7.4 months of inventory. 1,930 properties have sold in the past 90 days at a median sold price of $1.1M. Inventory has increased 33.5% compared to last month.
Currently, listings spend an average of 92 days on market and the average price per square foot is $1268.
Detached properties make up the largest share of the Vancouver market at 48% of active listings with an average price of $5.0M. Condo listings follow at 35% (avg $1.4M).
Sales Activity & Absorption
Volume
Market Signals
597 properties sold in the past 30 days, 1136 new listings appeared in the past month, 66 sellers reduced their asking price.
Market Balance
Months of Inventory
With 7.4 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Downtown VW | 373 | $961K |
| West End VW | 251 | $1.6M |
| Collingwood VE | 221 | $1.3M |
| Yaletown | 220 | $1.3M |
| University VW | 205 | $2.0M |
| Cambie | 193 | $2.2M |
| Kitsilano | 180 | $2.0M |
| Marpole | 155 | $1.4M |
| Mount Pleasant VE | 150 | $1.1M |
| Grandview Woodland | 149 | $1.5M |
| Renfrew VE | 131 | $1.7M |
| Dunbar | 131 | $3.4M |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
This is currently a buyer's market with more negotiating power for purchasers. The Vancouver market currently has 4,430 active listings with a median price of $1.4M and 7.4 months of inventory.
- High inventory (7.4 months) favors buyers
- Prices declining (-6.1% in 30 days)
- Low price reduction rate (1% of listings)
- Slow-moving market (92 avg days on market)
- Average price per square foot is $1,268
- Sold properties averaged -1 days on market
Data sourced from BCRES active and sold listings. Metrics computed from listing data updated daily. Prepared by Eyal Pevzner with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of August 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.