Vancouver-area home sales and prices slid in March, with buyers showing little appetite for the mountain of active listings, according to Greater Vancouver Realtors (GVR).<\/p>\n
There were 2,032 sales of residential properties in the region in March, down 2.8 per cent from the same month last year and 31.8 per cent lower than the 10-year seasonal average.<\/p>\n
There were 5,792 properties newly listed for sale MLS system last month. While this was 10 per cent lower than 2025, it was still five per cent higher than the 10-year seasonal average, bringing the total number of listings to 14,774 \u2013 38 per cent above the 10-year seasonal average.\u00a0<\/p>\n
The benchmark price for all residential properties in Metro Vancouver is currently $1,104,300, down 6.8 per cent year-over-over year.<\/p>\n
GVR chief economist Andrew Lis said the weakness in demand \u201cis unsurprising\u201d based on its forecast for the year.\u00a0<\/p>\n
What\u2019s worth noting, he said, is that while the multifamily segment continues to see slower sales, \u201cthe detached segment may be awakening with sales up, and new listings down from last year.\u201d<\/p>\n
Lis said Vancouver continues to see fewer sellers stepping into the fold than last year, as major geopolitical events continue to ripple over to Canada\u2019s housing market.\u00a0<\/p>\n
\u201cWhile the political uncertainty over tariffs may have diminished relative to what we saw in early 2025, the conflict in the Middle East is now putting upward pressure on bond yields and fixed mortgage rates,\u201d he said. \u201cAs a result, it\u2019s reasonable to expect there may be a dampening effect on demand as we head into the spring market, absent a swift resolution to the conflict.\u201d<\/p>\n
\u00a0<\/p>\n
Market steady in in Fraser Valley <\/p>\n
\u00a0<\/p>\n
Fraser Valley home sales rose to 1,007 in March, up 20 per cent from February but still below last year\u2019s levels.\u00a0<\/p>\n
New listings increased 20 per cent to 3,341, pushing active inventory to 9,201 and keeping the market in buyer\u2019s territory with a sales-to-listings ratio of 11 per cent.<\/p>\n
\u00a0The benchmark home price edged up 0.3 per cent year-over-year to $898,300.<\/p>\n
\u201cWe\u2019re encouraged to see early signs of prices levelling off in the Fraser Valley,\u201d said Fraser Valley Real Estate Board chair Ishaq Ismail, noting that improved selection and incentives are creating opportunities for buyers despite slower sales.<\/p>\n
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