Vancouver Housing Is Resetting — February 2026 Market Update

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Vancouver Housing Is Resetting — February 2026 Market Update

January numbers are in — and the Metro Vancouver market is starting 2026 quieter than expected.

📉 Sales were down 28.7% year-over-year
📉 30.9% below the 10-year seasonal average
📊 Sales-to-active listings ratio: 9.1%
🏷 Benchmark price (all property types): $1,101,900
⬇ Down 5.7% from last year

Inventory is now 38% above the 10-year seasonal average, and with a sales-to-active listings ratio below 12%, historical data suggests continued downward pressure on pricing.

So what does this mean if you’re a first-time buyer in Vancouver?

• More inventory
• Less competition
• Negotiation leverage
• Sellers adjusting expectations
• Detached prices down 7.3% YoY
• Apartment prices down 5.9% YoY

The market isn’t crashing — it’s resetting.

And with 2026 projected to be one of the largest mortgage renewal years in Canadian history, today’s slower conditions may create strategic entry opportunities for buyers who understand timing and structure.

If you're thinking about buying in Vancouver this year — especially your first home — this is the data you need to see.

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👋 About Me

I’m Ryan MacMillan — a Vancouver realtor working with buyers every week who are trying to make smart decisions in a market that’s changing fast.

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