Estimated reading time: 4 minutes
If you are buying, selling, or investing anywhere in Metro Vancouver, understanding the bigger picture is key.
March 2026 shows a market that is stabilizing after recent price corrections. Inventory levels, buyer activity, and pricing trends are creating more balanced conditions across the region.
Let’s break it down so you can see where the opportunities are.
See Full Stats
Market Overview: Detached, Townhomes, and Condos
Here is a snapshot of what happened across Metro Vancouver in March 2026:
Detached Homes
- Sales: 572
- Active Listings: 5,379
- Benchmark Price: $1,854,800
- Days on Market: 46
- Year-over-Year Price Change: -8.2%
Detached homes are seeing longer selling timelines and softer prices, giving buyers more negotiating power.
Condos
- Sales: 1,001
- Active Listings: 6,229
- Benchmark Price: $706,700
- Days on Market: 38
- Year-over-Year Price Change: -7.8%
Condos remain the most active segment across Metro Vancouver, offering more affordability and liquidity.
Townhomes
- Sales: 350
- Active Listings: 1,857
- Benchmark Price: $1,047,100
- Days on Market: 34
- Year-over-Year Price Change: -5.7%
Townhomes continue to attract move-up buyers, with relatively stable demand compared to detached homes.
Sales-to-Active Ratios: What Type of Market Are We In?
| Property Type | Sales-to-Active Ratio | Market Type |
|---|---|---|
| Detached | 10.6% | Buyer’s Market |
| Condos | 16.1% | Balanced Market |
| Townhomes | 18.8% | Balanced Market |
What This Means
- Detached homes: Buyers have more leverage due to higher inventory
- Condos: Balanced conditions with steady demand
- Townhomes: Also balanced, but slightly more competitive
As shown in the chart on page 1, Metro Vancouver overall is trending toward balanced conditions, with detached homes leaning more toward buyers.
Month-over-Month and Year-over-Year Trends
Month-over-Month (February to March 2026)
- Detached sales increased from 430 to 572
- Condo sales rose from 824 to 1,001
- Townhome sales increased from 295 to 350
- Days on market remained relatively stable
This reflects a typical seasonal lift as spring activity begins.
Year-over-Year Trends
- Prices are down across all property types (5.7% to 8.2%)
- Inventory has increased in some segments, especially townhomes
- Homes are taking longer to sell compared to last year
Overall, the market is moving toward a more balanced and sustainable pace.
Neighbourhood Highlights – Long-Term Price Trends
Regional Insights
- Vancouver West: Higher-end market with larger price corrections (-13.8%)
- Burnaby & Coquitlam: More stable, mid-range price adjustments
- North Vancouver & West Vancouver: Continued demand but softer pricing
- Fraser Valley edge markets: More resilience in certain segments
These variations highlight how local factors still play a big role within the broader Metro Vancouver market.
Long-Term Trends
According to the chart on page 5:
- Detached homes saw strong appreciation over the past decade
- Condos and townhomes continue steady long-term growth
- Recent price declines are part of a normal market correction
Metro Vancouver remains one of Canada’s most resilient real estate markets long-term.
Practical Advice for Buyers, Sellers, and Investors
- You have more choice than in recent years
- Detached homes offer the most negotiation opportunities
- Take advantage of softer pricing while inventory is higher
- Pricing correctly is essential in today’s market
- Expect longer selling timelines, especially for detached homes
- Strong marketing and presentation will make a difference
- Condo market offers strong liquidity and entry points
- Look for transit-oriented areas and growth corridors
- Long-term fundamentals across Metro Vancouver remain strong
Key Takeaways
- Prices have softened across all property types
- Detached homes are in a buyer’s market
- Overall conditions are balanced and stabilizing
FAQs
Is Metro Vancouver a buyer’s market right now?
Detached homes are in a buyer’s market, while condos and townhomes are balanced.
Are home prices dropping in Metro Vancouver?
Yes, prices have declined between 5% and 8% year-over-year.
Which property type is most active?
Condos are the most active segment across the region.
Is now a good time to buy in Metro Vancouver?
For many buyers, yes. Increased inventory and softer prices create better opportunities.
Call-to-Action
Whether you are planning your next move or just keeping an eye on the market, having the right strategy is key.
If you would like a personalized market breakdown or a professional home evaluation, reach out anytime. We are here to help you navigate the market with confidence.
Contact details
Sayed Najibi
Personal Real Estate Corporation
Phone: 604-649-6520
Website: www.sngroup.ca