Greater Vancouver REALTORS® Report: March 2026 Market Shows Divergence in Property Types

Greater Vancouver REALTORS — March 2026

In March 2026, Greater Vancouver REALTORS® report a composite benchmark price of $1,104,300, reflecting a 6.8% decrease year-over-year. Total sales reached 2,032, a slight decline of 2.8% from the previous year, while new listings totaled 5,792, marking a 10.3% decrease compared to March 2025.

Market Analysis

The Greater Vancouver real estate market continues to exhibit signs of divergence among property types, with overall sales remaining below long-term averages. The sales-to-active listings ratio stands at 14.2%, indicating a buyer's market, particularly as inventory levels have risen 1.6% year-over-year to 14,774 active listings. This situation is compounded by a months of inventory figure of 7.3, suggesting that supply is outpacing demand, which is reflected in the downward pressure on prices.

Property Type Analysis

When breaking down the market by property type, detached homes show a contrasting trend with 571 sales in March 2026, an 8.3% increase from the previous year. However, the benchmark price for detached homes is $1,854,800, down 8.2% year-over-year. In contrast, the multifamily segment, including attached and apartment properties, continues to experience slower sales, with apartments recording 999 sales and a benchmark price of $706,700, down 6.8% from March 2025.

Regional Highlights

The overall inventory levels in Greater Vancouver remain significantly above the 10-year seasonal average, with active listings 38% higher than the average of 10,704. This trend indicates a shift in market dynamics, as fewer sellers are entering the market compared to last year, resulting in relatively flat inventory levels despite the increase in active listings. The ongoing geopolitical tensions and rising bond yields may further influence buyer sentiment as the spring market approaches.

For Buyers

Prospective buyers should remain vigilant in the current market, particularly in the detached home segment, where sales have shown signs of improvement. With a buyer's market prevailing, buyers may find opportunities to negotiate better terms and prices, especially given the current inventory levels and the downward pressure on prices across most property types.

For Sellers

Sellers are advised to carefully consider their listing strategy in light of the current market conditions. With fewer new listings entering the market and inventory levels rising, it may be beneficial to price homes competitively to attract potential buyers. Additionally, sellers should be prepared for longer selling times as the market adjusts to the current buyer dynamics.