05/05/2026
April 2026 continued to shape a Metro Vancouver real estate market that is steadily finding its footing.
Sales reached 2,110 across Greater Vancouver, up 4 percent from March and 28 percent from February, making April the strongest month since the fall. While still below the 10-year average, the gap is closing, pointing to improving buyer engagement and confidence.
Inventory is playing a key role in current conditions. Active listings rose 10 percent month-over-month, while new listings increased 15 percent from March and remain above typical seasonal levels. Sellers are re-entering the market, giving buyers more choice than we have seen in recent years.
With this increase in supply, the market has shifted slightly toward more balanced conditions and, in some areas, buyer-leaning conditions. Months of supply moved up to 8, and the sales-to-listings ratio sits at 31 percent. This is not a slowdown. It is normalization. Demand is still active, but no longer outpacing supply at the same rate as previous years.
Detached homes stood out, with sales up 14 percent year over year, showing renewed confidence at higher price points. Across the region, areas like Burnaby East, Richmond, Vancouver East, and West Vancouver posted strong gains, while Ladner saw sales more than double compared to last year.
The key takeaway from April is a shift in dynamics. Supply is leading, but it is being met with steady demand. Buyers have more time and choice. Sellers are facing more competition, but well-priced homes are still moving, and in some cases, attracting multiple offers.
With interest rates holding steady from the Bank of Canada and continued pent-up demand, the outlook remains constructive heading into spring and summer.
This is a market that is stabilizing, balancing, and creating opportunity on both sides.
