As we move further into the year, the housing market across Metro Vancouver continues to show signs of stabilizing into what feels like a “new normal.”

While we typically expect a noticeable increase in activity at this time of year, current conditions are telling a slightly different story.

A Slower Pace Than Usual

Sales activity remains more subdued than what we would normally see heading into the spring market. Buyers are active, but many are taking a more measured approach—carefully evaluating options, watching pricing trends, and waiting for the right opportunity.

This has created a more balanced dynamic compared to the fast-paced markets we experienced in previous years.

Prices: A Story of Segments

Pricing across the market has seen some modest adjustments, but the overall trend really depends on the property type and price range.

• Entry-level and well-priced properties are still attracting strong interest and, in some cases, multiple offers.

• Higher-end homes are seeing longer days on market and increased negotiation.

• Attached and condo segments continue to offer opportunities for buyers, particularly those looking to enter the market.

In short, there is no single “market”—each segment is behaving differently.

Inventory Creating Opportunity

One of the most notable shifts has been the gradual increase in available inventory. This is giving buyers more choice and time to make informed decisions—something that has been missing in recent years.

For sellers, this means that pricing strategy and presentation are more important than ever. The homes that stand out are the ones that are well-prepared and priced in line with current market expectations.

Sales of detached homes in February 2026 reached 427, a 10.5 per cent decrease from the 477 detached sales recorded in February 2025. The benchmark price for a detached home is $1,835,900. This represents an 8.8 per cent decrease from February 2025 and a 0.8 per cent decrease compared to January 2026.

Sales of apartment homes reached 824 in February 2026, a 15.6 per cent decrease compared to the 976 sales in February 2025. The benchmark price of an apartment home is $708,200. This represents a 6.8 per cent decrease from February 2025 and a 0.5 per cent increase compared to January 2026.

Attached home sales in February 2026 totalled 387, a 7.8 per cent increase compared to the 359 sales in February 2025. The benchmark price of a townhouse is $1,046,100. This represents a 5.6 per cent decrease from February 2025 and a 0.3 per cent increase compared to January 2026.

In North Vancouver, MLS®* Home Price Index for detached homes is $2,031,700, 8.5 per cent less than in February 2025. Condo prices are down at $768,700, 5.6 per cent less than a year ago, while townhouses are at $1,253,800, 5.3% less than last year.

*The MLS® HPI is a measure of real estate prices that provides a clearer picture of market trends over traditional tools such as mean or median average prices.

What This Means for You

Whether you’re buying or selling, today’s market requires a more strategic approach:

• For buyers: This is a window of opportunity to explore options and negotiate with more confidence.

• For sellers: Success depends on positioning your property correctly from day one.

Looking Ahead

As we head deeper into the spring market, we’ll be watching closely to see whether activity picks up or if this more balanced pace continues.

What’s clear is that the market is no longer driven by urgency alone—it’s being shaped by informed, thoughtful decisions on both sides.