February 2026 Vancouver Housing Update
🏙️ Market Overview
A quiet start to the year, with prices slowly sliding down and elevated inventory. January continued the trend we saw through much of 2025: cautious buyers, motivated sellers, and a market that’s slowly adjusting to a new normal.
🏠 Market Conditions
Home sales across Metro Vancouver came in well below historical averages, reflecting ongoing affordability challenges and broader economic uncertainty. While sales were down significantly year-over-year, new listings remained relatively elevated, keeping inventory levels higher than normal for this time of year.
The sales-to-active listings ratio sat at 8.7% in Vancouver, which is firmly in buyer-favouring territory and typically associated with downward pressure on prices. That said, price declines have remained measured rather than dramatic — suggesting sellers are adjusting expectations, but not capitulating.
📊 Key pricing Stats
📈 Key Stats (Vancouver & North Vancouver)
City of Vancouver
Benchmark price (all homes): ~$1.19M
⬇️ ~6% year-over-year
Market tone: Buyer-favouring, with the most pressure on:
Detached homes (especially West Side homes saw a price decrease of 12% year over year)
Older condo stock without recent upgrades
Apartments: Softer pricing but steady absorption in well-located buildings
North Vancouver
Composite benchmark price: $1,289,700
⬇️ 3.9% YoY
⬇️ 2.1% over the last 3 months
Detached benchmark: $2,037,600
⬇️ 6.9% YoY
Apartment benchmark: $780,300
⬇️ 0.8% YoY
Holding up better than the broader market
Takeaway:
North Vancouver continues to show relative resilience versus the City of Vancouver, particularly in apartments and townhomes, while detached homes across both markets face the most pricing pressure.
🔮 Looking Forward
The big question for 2026 remains when — or if — pent-up demand re-enters the market. With inventory staying elevated and sales muted, prices are expected to remain relatively flat in the near term.
For buyers, this continues to be one of the more balanced negotiating environments we’ve seen in years. For sellers, pricing and presentation matter more than ever — homes that are well-positioned still sell, while others sit.
As always, the market is highly sub-area and property-type specific, so strategy matters.
If you’re thinking of making a move in 2026 feel free to reach out to me or Steve Saretsky.
70 homes sold last year and happy to help you too!
Feel free to reach out if you want to connect with me! 778-951-5853 LUKE@SARETSKYGROUP.COM
^ Book a call with me to discuss your options here ^
Luke Annunziello | Vancouver Realtor
About Luke
Luke is a real estate professional with a distinguished career as a realtor since 2019, specializing in the Greater Vancouver market. His expertise extends beyond traditional real estate services, as he possesses a comprehensive understanding of property renovations, accumulated over a period of seven years. Clients appreciate Luke for his friendly nature and ability to establish rapport, making complex transactions more accessible.
Luke is a part of the esteemed Saretsky group which is part of the top 1% of all realtors in Vancouver. This affiliation with the Saretsky group translates into a range of benefits for his clients. From market expertise and extensive networks to enhanced marketing capabilities and exclusive opportunities, Luke can provide a superior level of service and results for those seeking assistance in the competitive Vancouver real estate market.
When not doing real estate transactions you can find him playing hockey, snowboarding on the mountains or spending time with his wife and daughter. Whether navigating the dynamic Vancouver market or incorporating renovation insights into property dealings, Luke stands as a reliable and professional ally, ensuring a seamless and positive experience for his clientele.
Whether you're looking to buy or sell a property in North Vancouver or elsewhere in Vancouver, Luke is the agent you can trust to guide you through the process and achieve your goals.
