Home Trends from Michael & Janet Tanlimco

MICHAEL TANLIMCO & JANET TANLIMCO

Buyers and sellers adopting a wait-and-see approach to housing market

ACTIVE LISTINGS 14,774

BENCHMARK PRICE Detached $1,854,800

BENCHMARK PRICE Apartment $706,700

VANCOUVER, B.C. (April 2026) — The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,032 in March 2026. There were 5,792 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2026. This represents a 10.3 per cent decrease compared to the 6,455 properties listed in March 2025. “Year-to-date, sales are tracking our forecast for the year closely, and the weakness in demand we continue to observe at the aggregate level is unsurprising,” said Andrew Lis, GVR chief economist and vice-president data analytics. “What’s interesting is that 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.” The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,104,300. Sales of detached homes in March 2026 reached 571. The benchmark price for a detached home is $1,854,800. Sales of apartment homes reached 999 in March 2026. The benchmark price of an apartment home is $706,700. Attached home sales in March 2026 totalled 446, a 5.5 per cent decrease compared to the 472 sales in March 2025. The benchmark price of a townhouse is $1,047,100. Source: The Greater Vancouver REALTORS® | Market values stated are of the benchmark of Vancouver and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

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