Eva Li Real Estate

BC Assessment vs Home Appraisal

Metro Vancouver Housing Market Remains Balanced as Buyers Stay Cautious

Key Points:

Sales: 2,032 homes sold in March 2026 (↓ 2.8% YoY; ↓ 31.8% vs 10-year avg of 2,981).

Listings & Inventory: 5,792 new listings (↓ 10.3% YoY; ↑ 4.9% vs avg); 14,774 active listings (↑ 1.6% YoY; ↑ 38% vs avg).

Market Balance: Sales-to-active listings ratio at 14.2% (Detached: 11%; Attached: 17.2%; Apartments: 15.7%) — indicating balanced conditions.

Prices: Benchmark price $1,104,300 (↓ 6.8% YoY, ↑ 0.4% MoM).
By Property Type:
Detached: 571 sales (↑ 8.3% YoY); $1,854,800 (↓ 8.2% YoY, ↑ 1% MoM)
Apartments: 999 sales (↓ 7.8% YoY); $706,700 (↓ 7.8% YoY, ↓ 0.2% MoM)
Attached: 446 sales (↓ 5.5% YoY); $1,047,100 (↓ 5.7% YoY, ↑ 0.1% MoM)

The Bank of Canada announced today, March 18, 2026, that it's holding its policy rate steady at 2.25%. The prime rate unchanged at 4.45%.

January 2026 Market Insights in 2 min. by GVREALTORS.

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