Greater Vancouver Real Estate Market Update – October 2026

The Greater Vancouver real estate market continues to offer buyers more choice and negotiating power as we move through October 2026. Based on September 2026 market statistics, home prices across Metro Vancouver remain below last year’s levels, while inventory remains relatively high across detached homes, townhomes, and condos.

For buyers, the current Vancouver housing market may provide opportunities that were much harder to find during stronger seller-market conditions. For sellers, proper pricing, presentation, and marketing remain extremely important when competing with a larger number of available properties.

Greater Vancouver Detached Home Market

The benchmark price for a detached home in Greater Vancouver was approximately $1,784,700, representing a 7.3% decrease compared with one year ago. GVR-Stats-Pkg-Sep-2026

There were approximately 6,063 active detached listings, with 576 sales and an average of 51 days on market.

Some areas experienced larger year-over-year price adjustments. Vancouver West had a detached benchmark price of approximately $2.92 million, down 8.7% year-over-year, while West Vancouver was approximately $2.82 million, down 9.9%. North Vancouver’s detached benchmark was approximately $2.04 million, down 6.2%, while Coquitlam was approximately $1.58 million, down 6.6%. GVR-Stats-Pkg-Sep-2026 GVR-Stats-Pkg-Sep-2026

These numbers show that buyers looking for detached homes currently have more negotiating room than they did in many previous market cycles.

Greater Vancouver Townhome Market

Townhomes continue to remain an important option for buyers looking for more space without moving into the detached-home price range.

The Greater Vancouver benchmark price for a townhome was approximately $1,016,700, down 4.7% compared with September 2025. GVR-Stats-Pkg-Sep-2026

There were approximately 2,060 active townhome listings, 265 sales, and an average of 44 days on market.

North Vancouver townhomes had a benchmark price of approximately $1.23 million, while Vancouver West was approximately $1.30 million. Burnaby North was approximately $880,400, and Coquitlam townhomes had a benchmark price of approximately $976,600. GVR-Stats-Pkg-Sep-2026 GVR-Stats-Pkg-Sep-2026

Greater Vancouver Condo Market

The condo market continues to provide the largest amount of inventory among the three major housing categories.

The Greater Vancouver condo benchmark price was approximately $682,500, representing a 6.2% year-over-year decline. GVR-Stats-Pkg-Sep-2026

There were approximately 6,654 active condo listings, 777 sales, and an average of 47 days on market.

North Vancouver condos had a benchmark price of approximately $769,000, Vancouver West approximately $761,800, Burnaby North approximately $662,400, and Coquitlam approximately $640,100. GVR-Stats-Pkg-Sep-2026 GVR-Stats-Pkg-Sep-2026

What Does This Mean for Buyers and Sellers?

Overall, the Greater Vancouver real estate market in October 2026 remains favourable for buyers. Higher inventory, longer selling periods, and lower benchmark prices compared with last year give buyers more time to compare properties, negotiate terms, and potentially secure better pricing.

For sellers, homes can still sell successfully, but pricing strategy is critical. Properties that are positioned correctly, professionally marketed, and priced according to current market conditions have a much stronger chance of attracting serious buyers.

Real estate conditions can vary significantly between neighbourhoods and property types. If you’re considering buying, selling, or investing in Vancouver, North Vancouver, West Vancouver, Burnaby, or Coquitlam, understanding the local numbers can make a significant difference in your decision.

Thinking about buying or selling? Contact Mehran Salari at (778) 900-9001 for a personalized market analysis and real estate strategy.