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Metro Vancouver Market Update
Where Is Each Market Right Now?
Balanced: 12–20% | Buyers Market: Below 12% | Sellers Market: Above 20%. Sustained periods drive price direction.
Benchmark Prices
| Property Type | Benchmark Price | MoM Change | YoY Change | March Sales |
|---|---|---|---|---|
| All Residential | $1,104,300 | +0.4% | -6.8% | 2,032 |
| Detached | $1,854,800 | +1.0% | -8.2% | 571 ▲8.3% |
| Townhouse | $1,047,100 | +0.1% | -5.7% | 446 ▼5.5% |
| Apartment | $706,700 | -0.2% | -7.8% | 999 ▼7.8% |
“The aggregate total masks an emerging divergence among market segments. While the multifamily segment continues to see slower sales, the detached segment may be awakening — with sales up, and new listings down from last year.”
Sub-Market Benchmark Snapshot
| Area | Benchmark | 1 Mo | 3 Mo | 1 Year |
|---|---|---|---|---|
| Greater Vancouver | $1,104,300 | +0.4% | -0.9% | -6.8% |
| North Vancouver | $1,311,000 | +2.5% | +2.1% | -3.9% |
| West Vancouver | $2,397,600 | +3.5% | +1.4% | -5.0% |
| Port Coquitlam | $906,700 | +1.6% | +0.9% | -4.7% |
| Pitt Meadows | $878,400 | +2.3% | +1.9% | -6.2% |
| Maple Ridge | $920,100 | +1.0% | -0.7% | -6.3% |
| Port Moody | $1,034,400 | +0.5% | -1.4% | -4.9% |
| Coquitlam | $1,000,700 | +0.3% | -1.4% | -7.5% |
| Vancouver East | $1,160,000 | +0.9% | +0.4% | -5.1% |
| Vancouver West | $1,215,200 | -1.1% | -3.2% | -9.1% |
| Richmond | $1,058,100 | 0.0% | -2.0% | -8.4% |
| Burnaby North | $912,600 | +0.2% | -1.6% | -9.4% |
| New Westminster | $746,200 | +0.6% | -2.7% | -8.8% |
| Sunshine Coast | $794,900 | +1.4% | +0.3% | -3.2% |
| Squamish | $1,103,600 | -1.7% | -0.2% | -1.1% |
Source: GVR MLS® Home Price Index — March 2026. All figures CAD.
Your Backyard by the Numbers
Source: SnapStats® data captured April 1, 2026 from GVR MLS® database. Sales ratios reflect single-month activity. ©2010–2026 SnapStats® Publishing Co.
What’s Hot & What’s Not
Tips for Buyers & Sellers
Forecast: 3-Month & 12-Month
Cautious Spring. Detached Leads. Apartments Lag.
The spring market faces a genuine headwind: bond yield pressure from Middle East instability is keeping fixed mortgage rates elevated. Expect sales to remain below long-term averages, but detached should hold its momentum as new listings stay lean. Attached and apartments are unlikely to see price movement in either direction without a significant shift in buyer confidence. Spring will test, not transform, this market.
Gradual Recovery — Subject to Rate Relief.
BCREA’s economic nowcast shows BC GDP tracking near trend through early 2026. If bond yields stabilize and fixed rates ease in the second half of 2026, pent-up demand — particularly from first-time buyers in the attached and apartment segments — could activate meaningfully. Detached is positioned best for price recovery given the supply constraint already developing. Watch the Bank of Canada and global yield curves closely. The fundamentals are in place; it’s timing that remains uncertain.
The BC Real Estate Association’s latest GDP Nowcast (released March 31, 2026) shows British Columbia’s monthly real GDP estimate for January 2026 tracking near trend, with a preliminary February 2026 reading in line. BC continues to slightly outpace the Canadian national average in real GDP growth. Economic activity remains above 2019 pre-pandemic levels but below the pace of 2021–2022. No major recessionary signals — a neutral economic backdrop for the housing market.
Best Practices This Month
Detached sales are up YoY. Buyers who’ve been waiting are starting to move. Get ahead of spring competition and reach out now.
A 14.2% overall market masks enormous variation. Pull the SnapStats data for your farm area and show clients the real picture.
Fixed rates face upward pressure. Help buyers understand the cost of waiting vs. locking in now. Partner with a mortgage broker and offer a referral.
Maple Ridge, Pitt Meadows, Port Coquitlam — all strong value plays with seller momentum in attached. If your buyers are priced out of Burnaby, this is the conversation.
Inventory is 38% above the 10-year average. Buyers are patient and picky. Professional staging and photography are table stakes, not extras.
Spring is here. Book your client touchpoints, schedule listing reviews, and update your CMA templates with March 2026 benchmark prices now.
This market update is for professional use by licensed REALTORS®. Always verify data with official sources.
© 2026 Century 21 In Town Realty. Not for redistribution without permission.
