October 2026 Market Report — Greater Vancouver | North Vancouver | West Vancouver | Vancouver
The Greater Vancouver real estate market continued to favour buyers in October, with sales remaining below historical averages & elevated inventory providing greater selection and negotiating leverage. Despite a seasonal increase in transactions from September, benchmark prices continued to soften, reinforcing the importance of strategic pricing & presentation for sellers.
Market Snapshot:
- 2,024 homes sold in October (-10.2% vs October 2025)
- 15,688 active listings, keeping inventory elevated
- Composite benchmark price: $1,068,600 (-5.2% year-over-year)
- Overall sales-to-active listings ratio: 13.4%
- Buyers remain selective, with greater negotiating opportunities across many property types & price ranges.
Regional Breakdown
North Vancouver:
North Vancouver continues to demonstrate relative resilience.
Composite benchmark at $1,281,400 (-2.7% YoY)
Detached homes averaged a benchmark of $2,058,800 (-2.2%)
Townhomes averaged a benchmark of $1,221,100 (-5.9%)
Condos averaged a benchmark of $736,300 (-6.1%)
Buyers remain price-sensitive, particularly in the attached market,
while well-priced family homes continue to attract interest.
West Vancouver:
Composite benchmark reached $2,299,200 (-3.5% YoY)
Detached homes declined to $2,864,900 (-7.2%)
Condo benchmarks increased 4.5% YoY to $1,142,600
West Vancouver remains favourable for buyers, particularly in the detached market.
Performance varies significantly by property type.
Higher-priced detached homes continue to face pricing pressure.
Vancouver:
Vancouver East:
Composite benchmark was $1,121,600 (-4.4% YoY)
Detached homes averaged a benchmark of $1,610,700 (-8.3% YoY)
Townhome benchmarks increased of $1,055,800 (+0.4% YoY)
Condos averaged a benchmark of $635,100 (-3.9% YoY)
Vancouver West:
Composite benchmark reached $1,196,600 (-4.5%)
Detached homes averaged a benchmark $2,899,700 (-9.0% YoY)
Townhome homes averaged a benchmark $1,285,000 (-5.7% YoY)
Condo homes averaged a benchmark $751,400 (-3.8% YoY)
Vancouver's market remains segmented
Detached homes experiencing greater price pressure than attached properties.
What This Means for Buyers:
Elevated inventory & declining benchmark prices continue to provide negotiating opportunities.
Buyers can take advantage of greater selection, longer listing periods & motivated sellers.
However, higher borrowing costs may offset some of the affordability gained through lower purchase prices.
What This Means for Sellers:
Today's buyers are informed, selective & focused on value.
Accurate pricing, property condition & presentation remain essential.
Listings that enter the market above comparable sales risk extended market exposure & subsequent price reductions.
Market Outlook:
October's results reinforce the broader trend of a slower, more price-sensitive market.
The Bank of Canada's recent rate increase introduces additional uncertainty around borrowing costs, while elevated inventory continues to favour buyers. Heading toward year-end, realistic pricing & strategic negotiation will remain critical.
The Bottom Line:
Buyers have more choice & negotiating leverage, while sellers must compete on price, condition & presentation. Opportunities exist on both sides, but success increasingly depends on understanding individual neighbourhoods & property types rather than relying on broad market trends.
Considering your next move? Lets connect to discuss your options & develop a strategy suited to today's market.
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