Greater Vancouver REALTORS March 2026 Market Report: Composite Benchmark Price Declines 7.2% Year-Over-Year

Greater Vancouver REALTORS (HPI) — March 2026

In March 2026, the Greater Vancouver real estate market reports a composite benchmark price of $872,000, reflecting a 7.2% decrease from $939,400 in March 2025. The market remains balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Greater Vancouver real estate market shows signs of stabilization as the composite benchmark price rises from $857,500 in February 2026 to $872,000 in March 2026. This increase, albeit modest, occurs in a balanced market, suggesting that supply and demand are relatively aligned. The year-over-year price decline of 7.2% indicates that while prices are stabilizing, they are still adjusting from the peaks observed in previous years.

Property Type Analysis

In March 2026, the attached/townhouse segment features a benchmark price of $1,119,700, while the apartment segment stands at $663,600. Although specific sales data is unavailable, the differentiation in benchmark prices highlights the ongoing demand for various property types, with townhouses generally commanding higher prices due to their larger living spaces and family-friendly attributes.

Regional Highlights

Regional trends indicate a consistent demand for housing across Greater Vancouver, despite the overall price decline. The balance in the market suggests that buyers are finding opportunities, particularly in the townhouse and apartment sectors, which may appeal to first-time buyers and those looking to downsize.

For Buyers

Prospective buyers are encouraged to take advantage of the current balanced market conditions. With a year-over-year price decline, buyers may find more favorable pricing and less competition than in previous years, making it an opportune time to explore available listings.

For Sellers

Sellers should remain realistic about pricing in the current market environment. With a composite benchmark price decline, it is essential to set competitive prices and ensure properties are well-presented to attract potential buyers in a balanced market.