The Metro Vancouver real estate market slowed in October 2026, with both home sales and new listings declining compared with the same time last year.

According to Greater Vancouver REALTORS® (GVR), 2,024 homes sold in October, down 10.2% from October 2025 and 22.5% below the 10-year seasonal average.

At the same time, buyers continue to have relatively strong selection, with 15,688 homes listed for sale across Metro Vancouver.

Here’s a closer look at the October numbers.

Metro Vancouver Housing Market at a Glance

🏡 Home Sales: 2,024
↓ 10.2% compared with October 2025

📋 New Listings: 4,805
↓ 11.6% year-over-year

🏘️ Active Listings: 15,688
24% above the 10-year seasonal average

💰 Composite Benchmark Price: $1,068,600
↓ 5.2% year-over-year
↓ 0.7% from September 2026

Detached Homes

Detached home sales reached 643 in October.

The benchmark price was:

$1,775,200

That represents a 7.0% decrease from October 2025 and a 0.5% decrease from September.

Townhomes

There were 468 attached home sales during October.

The benchmark price for a townhouse was:

$1,006,500

That is 5.5% lower than a year ago and 1.0% lower than September.

Condos

Apartments recorded 892 sales, down 16.7% compared with October 2025.

The benchmark apartment price was:

$673,400

That represents a 5.9% year-over-year decrease and a 1.3% decrease from September.

What Does This Mean for Buyers?

For buyers, the combination of higher inventory and softer prices may provide more choice and potentially more room to negotiate than in a highly competitive market.

However, that does not mean every property is a bargain.

Well-priced homes in desirable locations can still attract strong interest, so buyers should evaluate each property and neighbourhood individually.

Mortgage costs also remain an important part of the affordability equation.

What Does This Mean for Sellers?

For sellers, pricing and presentation matter even more in a market where buyers have more options.

The overall sales-to-active listings ratio was 13.4% in October, meaning market conditions are considerably different from the highly competitive seller markets Metro Vancouver has experienced in previous years.

Homes that are priced too aggressively may have difficulty attracting buyers when comparable properties are readily available.

A strong selling strategy should consider recent comparable sales, current competition, property condition and local neighbourhood demand — not simply last year’s prices.

The Bottom Line

October’s numbers suggest that Metro Vancouver remains a relatively soft and price-sensitive real estate market.

Prices have continued to edge lower, sales remain below historical averages, and buyers still have considerable inventory to choose from.

For buyers, this can create opportunities.

For sellers, realistic pricing and a strong marketing strategy are increasingly important.

Real estate conditions can vary significantly between neighbourhoods and property types. If you’re thinking about buying or selling in Metro Vancouver, understanding the numbers for your specific area is more useful than relying on the regional average alone.

Emily Vu, REALTOR®
📞 778-668-8728
✉️ emilyvu.prec@gmail.com
🌎 EmilyVu.ca

Market statistics: Greater Vancouver REALTORS® (GVR), October 2026. This information is provided for general informational purposes and should not be considered financial advice.