Vancouver Housing Market Outlook 2026

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The Long Wait: Vancouver Sales Sit a Third Below Normal as Buyers Hold Back

According to the Greater Vancouver Realtors (GVR), Metro Vancouver’s housing market remains in a holding pattern in March 2026. Sales came in at 2,032, 31.8% below the 10-year seasonal average and barely moved from last year. Beneath that stillness, though, a meaningful divergence is building between property types.

• The composite benchmark sits at $1,104,300, down 6.8% year-over-year but up 0.4% month-over-month. Detached homes benchmark at $1,854,800 (−8.2% annually but +1.0% monthly, the sharpest monthly gain of any segment). Attached homes: $1,047,100 (−5.7%). Apartments: $706,700 (−7.8%, and the only segment still sliding month-over-month).
• Active listings stand at 14,774, sitting 38% above the 10-year average, while sales track nearly a third below it. The composite sales-to-active listings ratio of 14.2% is just barely above GVR’s 12% threshold for sustained downward price pressure. New listings actually fell 10.3%, suggesting sellers are pulling back, too.
• In a market where almost everything is soft, detached home sales rose 8.3% year-over-year to 571, the only segment with positive growth. New detached listings declined at the same time. It’s a signal that the highest-value segment may be finding its footing while the multifamily space continues to adjust.

With sales lagging behind historical norms, Vancouver buyers have real room to negotiate. Contact nesto’s mortgage experts to learn why variable rates are higher than fixed right now, and to build a strategy that takes advantage of today’s market dynamics.

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Vancouver Housing Market Highlights

• The average selling price of a home in Vancouver decreased by 6.8% year-over-year to $1,104,300 in March.
• The average selling price of a single-family home in Vancouver decreased by 7.9% year-over-year to $1,860,500 in March.
• The average selling price of a townhouse/multiplex in Vancouver decreased by 5.7% year-over-year to $1,047,100 in March.
• The average selling price of a condo in Vancouver decreased by 7.8% year-over-year to $706,700 in March.
• The average rent in Vancouver is now $2,715 for March.
• April 20, 2026: Today’s lowest mortgage rate in Vancouver is 4.04% for a 5-year fixed.

Data from the Greater Vancouver Realtors (GVR) indicates that the average price of resale residential homes sold across Vancouver in March was $1,104,300, and itdecreased of 6.8% compared to a year ago.

GVR also reported a sales-to-new-listings ratio (SNLR) of 35%, indicating Buyers market conditions in Vancouver for March.

Composite Home Prices

Single-family Home Prices

Townhouse and Multiplex Prices

Condo Prices

Transactions –  Number of Sales

New Listings

Real Estate Market

The sales-to-new-listings ratio (SNLR) measures the number of home sales compared to new listings. An SNLR below 40% suggests a buyer’s market, where buyers have the upper hand and greater negotiating power. An SNLR between 40% and 60% is a balanced market, while an SNLR of over 60% is considered a seller’s market. 

Annual Changes to Composite Home Prices in Vancouver

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Vancouver Market Rents Snapshot

The average rent in Vancouver was $2,715 for the month of March.

The average rent for a 1-bedroom apartment in Vancouver was $2,400 for the month of March, which decreased by 5.2% year over year.

The average rent for a 2-bedroom apartment in Vancouver was $3,355 for the month of March, which decreased by 2.2% year over year.

Rental Price Changes by City

Rank	City	Total Average	1 Bedroom	2 Bedrooms	Year-over-Year Change
1	North Vancouver	$2,971	$2,462	$3,358	−3.3%
2	Vancouver	$2,715	$2,400	$3,355	−2.2%
3	Burnaby	$2,494	$2,115	$2,750	−9.1%
4	North York	$2,488	$2,112	$2,674	−1.3%
5	Coquitlam	$2,478	$2,116	$2,752	−6.1%
6	Etobicoke	$2,476	$2,128	$2,662	−3.4%
7	Toronto	$2,474	$2,188	$2,838	−3.1%
8	Oakville	$2,454	$2,167	$2,557	−16.9%
9	Kanata	$2,396	$2,238	$2,540	−12.7%
10	Mississauga	$2,360	$2,071	$2,453	−5.8%
11	Burlington	$2,346	$2,061	$2,434	−4.5%
12	Langley	$2,303	$1,974	$2,443	−2.2%
13	Vaughan	$2,290	$2,067	$2,592	−0.2%
14	Kingston	$2,286	$1,925	$2,430	19.6%
15	Scarborough	$2,281	$1,884	$2,378	−5.7%
16	Victoria	$2,255	$1,975	$2,584	−4.3%
17	East York	$2,245	$1,866	$2,536	−4.7%
18	Brampton	$2,239	$1,942	$2,304	1.3%
19	Halifax	$2,235	$2,026	$2,563	0.2%
20	Waterloo	$2,229	$2,066	$2,300	−6.1%
21	Guelph	$2,189	$1,924	$2,248	−8.4%
22	Hamilton	$2,170	$1,853	$2,396	14.3%
23	Ajax	$2,149	$1,909	$2,184	1.2%
24	Ottawa	$2,145	$1,955	$2,457	−4.7%
25	Barrie	$2,140	$1,936	$2,214	−1.4%
26	New Westminster	$2,137	$1,888	$2,718	−1.6%
27	Laval	$2,106	$1,715	$2,367	11.7%
28	Nanaimo	$2,105	$1,843	$2,299	5.1%
29	Surrey	$2,094	$1,818	$2,206	−8.2%
30	Kamloops	$2,078	$1,790	$2,148	1.6%
31	Greater Sudbury	$2,059	$1,886	$2,119	−10.5%
32	Kelowna	$2,056	$1,743	$2,217	−4.6%
33	Cambridge	$2,049	$1,834	$2,089	−4.4%
34	Kitchener	$1,989	$1,775	$2,134	−3.8%
35	Oshawa	$1,985	$1,719	$2,048	−3.8%
36	Brantford	$1,985	$1,794	$2,153	5.6%
37	Peterborough	$1,972	$1,725	$1,994	−1.1%
38	Airdrie	$1,958	$1,475	$1,748	−2.8%
39	Brossard	$1,948	$1,787	$2,010	−13.4%
40	Montreal	$1,938	$1,737	$2,285	2.2%
41	London	$1,911	$1,663	$2,055	−5.7%
42	Niagara Falls	$1,907	$1,690	$2,024	−2.7%
43	Calgary	$1,869	$1,532	$1,848	−4.2%
44	St. Catharines	$1,841	$1,636	$1,929	−1.0%
45	Welland	$1,792	$1,540	$1,973	8.9%
46	Gatineau	$1,732	$1,541	$1,843	−12.2%
47	Sarnia	$1,710	$1,508	$1,793	−4.1%
48	Winnipeg	$1,669	$1,445	$1,786	3.5%
49	Windsor	$1,622	$1,494	$1,784	−7.2%
50	Côte Saint-Luc	$1,605	$1,413	$1,840	−19.6%
51	Red Deer	$1,600	$1,362	$1,565	0.4%
52	Edmonton	$1,589	$1,288	$1,634	−1.3%
53	Saskatoon	$1,532	$1,347	$1,580	4.3%
54	Lethbridge	$1,483	$1,356	$1,558	−0.7%
55	Regina	$1,439	$1,285	$1,530	3.0%
56	Quebec City	$1,420	$1,290	$1,555	−11.6%
57	Medicine Hat	$1,387	$1,225	$1,406	0.8%
58	Fort McMurray	$1,362	$1,181	$1,404	0.5%
59	Lloydminster	$1,194	$1,069	$1,279	2.3%
60	St. John's	$1,143	$1,079	$1,253	5.5%

Average Rent by City
Source: Rentals.ca Network Data & Urbanation Inc.

Rental Price Changes by Province

Rental Price Growth by Housing Type

How Does Renting Compare with Homeownership in Vancouver?

Each $100,000 in mortgage balance costs an average of $528.19 per month on nesto’s lowest fixed 5-year rate at 4.04% and $495.28 per month on nesto’s lowest adjustable 5-year rate at 3.40%.

For each $100,000 in mortgage balance, a 0.25% change in Canada’s policy rate impacts the monthly payment by $13.23. The rates used for calculation are those offered for insured purchases with less than a 20% downpayment and a 25-year amortization. Canada’s policy rate is 2.25%, and nesto’s prime rate is set to 4.45%.

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Frequently Asked Questions (FAQ) About the Vancouver Housing Market Outlook for 2026

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Why Choose nesto

At nesto, our commission-free mortgage experts, certified in multiple provinces, provide exceptional advice and service that exceeds industry standards. Our mortgage experts are salaried employees who provide impartial guidance on mortgage options tailored to your needs and are evaluated based on client satisfaction and the quality of their advice. nesto aims to transform the mortgage industry by providing honest advice and competitive rates through a 100% digital, transparent, and seamless process.

nesto is on a mission to offer a positive, empowering and transparent property financing experience – simplified from start to finish.

Contact our licensed and knowledgeable mortgage experts to find your best mortgage rate in Canada.

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