Metro Vancouver Housing Market Update – February 2026

The latest housing market statistics from Greater Vancouver REALTORS show that Metro Vancouver home sales in February 2026 continued the trend of slower activity compared to historical averages.

Home Sales Continue Below Long-Term Averages

In February 2026, 1,648 homes sold across Metro Vancouver, representing a 9.8% decrease compared to February 2025. Sales were also 28.7% below the region’s 10-year seasonal average of 2,310 sales.

While sales activity has slowed, this pace has become somewhat expected over the past several months.

Fewer New Listings Compared to Last Year

There were 4,734 newly listed properties in February, a 6.4% decrease compared to February 2025. Interestingly, the decline in listings was driven largely by fewer apartment listings entering the market.

However, total inventory remains elevated.

Metro Vancouver currently has 13,545 active listings, which is 6.3% higher than the same time last year and 37% above the 10-year seasonal average.

Sales-to-Active Listings Ratio

The sales-to-active listings ratio across all property types is currently 12.6%.

By property type:

• Detached homes: 9%

• Townhomes: 16.6%

• Apartments: 14.1%

Historically, when this ratio falls below 12% for an extended period, downward pressure on home prices can occur. When it rises above 20%, prices tend to increase.

Benchmark Home Prices

According to the MLS® Home Price Index, benchmark prices in February were:

• All residential properties: $1,100,300 (down 6.8% year-over-year)

• Detached homes: $1,835,900 (down 8.8% year-over-year)

• Townhomes: $1,046,100 (down 5.6% year-over-year)

• Apartments: $708,200 (down 6.8% year-over-year)

Some property types saw slight price increases compared to January, suggesting the market may be beginning to stabilize.

What This Means for Buyers and Sellers

While sales remain below historical averages, fewer new listings entering the market could limit inventory growth if buyer demand increases during the spring season.

Many industry experts view the spring market as the key indicator for the rest of 2026.

For buyers, today’s market may provide more selection and negotiating opportunities than we’ve seen in recent years.

For sellers, pricing and preparation remain critical in attracting serious buyers.

Thinking About Buying or Selling in the Tri-Cities?

If you're considering buying or selling in Coquitlam, Port Moody, Port Coquitlam, or surrounding Metro Vancouver communities, having a clear understanding of local market conditions is essential.

📞 Tara Kennedy
🏡 REALTOR®, ABR, RENE, SRS
📱 236-992-8989
🌐 www.tarakennedy.ca

Reach out anytime if you’d like to discuss the current market or explore your real estate options.

#MetroVancouverRealEstate #TriCitiesBC #CoquitlamRealEstate #PortMoodyRealEstate #PortCoquitlamRealEstate #BCRealEstate #MarketUpdate #HomeBuyingBC #HomeSellingBC #TaraKennedyRealtor #RoyalLePageWestRealEstateServices