Greater Vancouver Housing Market Update: April 2026
April 2026 Market Update
Greater Vancouver Housing Market Update: April 2026
Diverging trends widen as detached housing gains steam
At A Glance
April 2026 Greater Vancouver Snapshot
Where The Market Sits
Sales-to-active listings ratio. Below 12% favours buyers, above 20% favours sellers.
Snapshot Overview
Benchmark prices, monthly & annual movement, and sales activity side by side.
| Detached | Townhome | Condo | |
|---|---|---|---|
| Benchmark Price | $1,840,700 | $1,043,400 | $703,000 |
| vs. March 2026 | -0.8% | -0.4% | -0.5% |
| vs. April 2025 | -8.3% | -5.1% | -7.9% |
| Sales (Apr) | 659 | 433 | 1,009 |
| Sales vs. April 2025 | +14.0% | -2.0% | -10.7% |
12-Month Price Trend
Greater Vancouver aggregate. Click a property type below to switch chart, hover any data point for the exact monthly benchmark price.
Sales of detached homes have been gaining year-over-year, while sales in the multi-family segment have declined. The fact this pattern is so broad-based reduces the likelihood what we're seeing is just a blip in the data.
Andrew Lis · Chief Economist, Greater Vancouver REALTORS
By Area
Greater Vancouver Cities & Sub-Areas
Every sub-area in the Greater Vancouver report, with MLS Home Price Index benchmarks. Percentages below each price are vs. April 2025.
| Area | Composite | Detached | Townhome | Condo |
|---|---|---|---|---|
| Bowen Island | $1,365,200-1.1% | $1,368,500-1.1% | - | - |
| Coquitlam | $998,300-7.0% | $1,635,700-7.7% | $1,008,100-6.0% | $664,000-8.5% |
| Maple Ridge | $919,900-7.0% | $1,231,500-5.6% | $723,900-8.1% | $503,900-8.6% |
| New Westminster | $742,600-8.9% | $1,439,500-10.4% | $877,100-5.2% | $595,600-8.7% |
| North Vancouver | $1,320,500-2.4% | $2,129,900-2.8% | $1,273,700-3.9% | $784,500-4.0% |
| Pitt Meadows | $861,000-7.0% | $1,218,200-5.8% | $779,700-6.3% | $546,100-8.8% |
| Port Coquitlam | $893,000-6.1% | $1,326,700-5.7% | $896,900-5.8% | $580,400-8.8% |
| Port Moody | $1,029,100-4.7% | $1,936,100-5.4% | $961,400-5.6% | $703,400-4.1% |
| Richmond | $1,047,200-8.4% | $1,964,000-9.0% | $1,036,400-7.2% | $662,200-9.3% |
| Squamish | $1,078,400-3.5% | $1,693,700+1.7% | $1,002,400-1.5% | $491,900-20.9% |
| Sunshine Coast | $768,000-3.4% | $820,700-2.3% | $724,800-2.8% | $389,600-23.6% |
| Vancouver East | $1,144,900-6.6% | $1,681,000-9.5% | $1,026,200-8.0% | $664,800-5.6% |
| Vancouver West | $1,225,700-7.7% | $2,979,500-11.6% | $1,340,400-5.4% | $790,300-6.8% |
| West Vancouver | $2,221,800-12.8% | $2,872,300-13.6% | - | $1,017,000-15.0% |
| Whistler | $1,290,500-6.3% | $2,663,400-1.2% | $1,636,900-1.7% | $515,100-22.3% |
| Burnaby | $982,500-8.4% | $1,884,067-10.1% | $929,867-2.9% | $726,600-7.7% |
| South Delta | $1,106,350-6.3% | $1,416,750-6.2% | $953,850-5.4% | $616,800-9.3% |
* All percentage changes shown above are vs. April 2025 (Green = increase, Red = decrease)
Where The Deals Are
Best Deals For Buyers & Hot Pockets For Sellers
A quick read on which property types & price points are giving buyers the most room to negotiate, & where sellers are still moving homes for top dollar fast.
Best Deals For Buyers
Areas & property types where buyers have the most negotiating leverage.
Hot Pockets For Sellers
Areas & property types selling for the most & the fastest.
April produced one of the more interesting data points of the year for Greater Vancouver: a two-speed market. Detached homes are picking up steam, with sales up 14% year-over-year, while apartment sales dropped almost 11%. Greater Vancouver REALTORS chief economist Andrew Lis flagged this divergence as broad enough across the region that it is unlikely to be noise. Prices remain soft across the board, but the activity gap between segments is the story to watch heading into summer.
Source: Greater Vancouver REALTORS April 2026 Stats Package, released May 4, 2026. The GVR area covers Greater Vancouver including Vancouver, Burnaby, Richmond, Coquitlam, Maple Ridge, Pitt Meadows, North & West Vancouver, New Westminster, Squamish, Whistler, Sunshine Coast & the Islands.
What Changed In April
- •Detached & multi-family are diverging: Detached sales up 14% vs. April 2025, apartments down 10.7% vs. April 2025, townhomes down 2% vs. April 2025. The pattern shows up across most sub-areas, not just one or two pockets.
- •Sales-to-active ratio holds in balanced territory: 13.5% overall, with detached at 11.3%, townhomes at 15%, apartments at 14.7%. Below 12% for a sustained stretch usually signals downward pressure on prices.
- •Inventory is heavy but not piling up: Active listings up only 0.2% vs. April 2025, but still 37.9% above the 10-year seasonal average. New listings actually fell 2.4% vs. April 2025.
- •Prices essentially flat month-over-month: The composite benchmark slipped 0.6% from March, with all three property types within 1% of where they sat last month.
- •Total activity is well below normal: Sales were 22.9% below the 10-year seasonal average. The market is moving, just not at historical spring tempo.
Benchmark Prices By Property Type
| Property Type | Benchmark Price | vs. March 2026 | vs. April 2025 | Sales | Sales vs. April 2025 |
|---|---|---|---|---|---|
| Single-Family Detached | $1,840,700 | -0.8% | -8.3% | 659 | +14% |
| Townhome (Attached) | $1,043,400 | -0.4% | -5.1% | 433 | -2% |
| Apartment / Condo | $703,000 | -0.5% | -7.9% | 1,009 | -10.7% |
The MLS Home Price Index benchmark represents the value of a typical property in each segment. It strips out outliers, so it is a more reliable read on direction than averages.
What This Means If You Are Buying
- •Detached buyers should not assume the discount window stays open: Sales up 14% vs. April 2025 at a sub-12% ratio suggests inventory is being absorbed faster than new supply is arriving. The pricing leverage you have in May may be smaller in July.
- •Condo buyers have the strongest negotiating position right now: Down 10.7% sales vs. April 2025 plus benchmark 7.9% below last year means motivated sellers exist. Multiple-offer situations are rare in this segment.
- •Townhomes sit in the middle: Stable sales, mild price softening. Less urgency than detached, less leverage than condos.
What This Means If You Are Selling
- •Detached sellers have the strongest tailwind in years: Sales up 14% vs. April 2025 is a real signal. Pricing right & presenting well can produce competitive activity, particularly in family-oriented neighbourhoods.
- •Condo sellers need to compete on price & presentation: With 1,009 sales against an active count well above seasonal norms, listings that drift on price will sit. Pricing to current comparables, not last year, is the move.
- •Townhome sellers are in a balanced lane: A 15% sales-to-active ratio means realistic pricing produces realistic timelines, around 35 to 45 days for well-prepared listings.
Frequently Asked Questions
What is the Greater Vancouver benchmark home price in April 2026? The composite benchmark across all property types is $1,098,000, down 6.9% from April 2025.
Are Greater Vancouver home prices going up or down? Prices are down year-over-year across all property types & essentially flat month-over-month. Detached is -8.3% vs. April 2025, townhome -5.1% vs. April 2025, apartment -7.9% vs. April 2025.
Is Greater Vancouver in a buyer's or seller's market? The overall sales-to-active ratio is 13.5%, which sits at the low end of balanced market territory (12% to 20%). Detached is at 11.3%, slightly favouring buyers, while townhomes & apartments are deeper into balanced.
Why are detached sales rising while condo sales are falling? GVR chief economist Andrew Lis attributes the divergence to a real pattern visible across most sub-areas, not noise. Possible drivers include relative affordability of detached homes after price drops, family buyers re-entering the market & a wait-and-see attitude on condos given investor uncertainty.
How does April 2026 compare to a typical April? Sales were 22.9% below the 10-year seasonal average. Inventory was 37.9% above. The market is functioning, just at a slower pace than long-run norms.
Source: Greater Vancouver REALTORS®, April 2026 Statistics Package, released May 4, 2026. Sub-market insights from SnapStats®. Prices are MLS Home Price Index benchmarks. Commission rates are negotiable, please contact a REALTOR® for a quote on your specific situation.
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