Vancouver Real Estate Market Update — Spring 2026

Spring has arrived and so has renewed buyer activity across Metro Vancouver. After a quieter winter, we're seeing increased showings, multiple-offer situations returning in select neighbourhoods, and inventory slowly ticking up.

Key Trends This Spring

Detached homes in Vancouver's West Side and the North Shore remain in high demand, with well-priced properties typically receiving offers within the first week of listing. The benchmark price for detached homes in Greater Vancouver sits around $2.1M — relatively stable compared to last spring.

Condos and townhouses continue to attract first-time buyers and downsizers alike. Burnaby, Coquitlam, and Port Moody have seen particularly strong condo activity, with some buildings seeing bidding wars for move-in-ready units under $800K.

Interest Rates: What Buyers Should Know

The Bank of Canada's recent rate decisions have brought some welcome relief to mortgage affordability. With variable rates easing slightly, more buyers are returning to the market. I always recommend speaking with a qualified mortgage broker to understand your full buying power before beginning your search.

Tips for Sellers This Spring

• —**Price accurately.** Overpriced homes sit — buyers are informed and comparing everything online.
• —**Stage to impress.** First impressions matter enormously, especially for online listings.
• —**Be flexible on conditions.** Offering reasonable conditions (e.g., a short inspection period) can attract more competitive offers without giving up protection.

Looking Ahead

All signs point to a moderately active spring market. Inventory is still below historical norms, which continues to support prices. If you've been thinking about making a move — buying, selling, or investing — now is a great time to have a conversation.

Feel free to reach out anytime. I'm always happy to discuss what your home might be worth in today's market, or what your budget could get you.