Vancouver-area home sales continued at slower pace last month compared to last year as prices were also lower.<\/p>\n
There were 1,648 sales of residential properties in the region throughout February, down 9.8 per cent from the same month in 2025 and 28.7 per cent below the 10-year seasonal average.<\/p>\n
Greater Vancouver Realtors said the composite benchmark price for all residential properties was $1,100,300, down 6.8 per cent from February 2025 and 0.1 per cent lower than January.<\/p>\n
\u201cWith each passing data point, the pace of sales running well-below long-term averages are no longer a surprise \u2014 it\u2019s become the new norm,\u201d said Andrew Lis, the board\u2019s chief economist and vice-president of data analytics, in a press release.<\/p>\n
\u201cA surprising finding this February, however, is that home sellers appear less eager to list their homes relative to last year.\u201d<\/p>\n
There were 4,734 new listings on the market last month, down 6.4 per cent from a year earlier but still 7.1 per cent above the 10-year average.<\/p>\n
Lis said the decline in new listings was mostly driven by fewer condos being put on the market.<\/p>\n
Sales of apartment-style homes totalled 824 in February, a 15.6 per cent decrease compared with February 2025. The benchmark price of a condo was $708,200, representing a 6.8 per cent decrease year-over-year.<\/p>\n
Total inventory across all housing types grew 6.3 per cent year-over-year to 13,545, which was 37 per cent above the long-term average.<\/p>\n
\u201cWith fewer sellers coming to market with their properties than last year, a pick-up in demand leading into the spring could result in a stagnation of standing inventory, which may support prices around current levels,\u201d Lis said.<\/p>\n
\u201cWith sales slightly outpacing our 2026 forecast year-to-date, the spring market will be the litmus test of whether we continue along this new normal, or if we see any significant surprises.\u201d<\/p>\n
There were 427 sales of detached homes in February, a 10.5 per cent decrease from a year ago, as the benchmark price for that segment was $1,835,900 \u2014 8.8 per cent lower year-over-year.<\/p>\n
Attached home sales totalled 387, a 7.8 per cent increase from February 2025, as the benchmark price was $1,046,100 \u2014 a 5.6 per cent decrease.<\/p>\n
This report by The Canadian Press was first published March 3, 2026.<\/p>\n
Sammy Hudes, The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"Vancouver-area home sales continued at slower pace last month compared to last year as prices were also lower.…\n","protected":false},"author":2,"featured_media":512073,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194298],"tags":[49,48,55],"class_list":["post-512072","post","type-post","status-publish","format-standard","has-post-thumbnail","category-vancouver","tag-ca","tag-canada","tag-vancouver"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/512072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=512072"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/512072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/512073"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=512072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=512072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=512072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}