Royal LePage just released regional market news reporting the aggregate price of a home in Greater Vancouver decreased 4.5 per cent to $1,174,500 year over year in the first quarter of 2026. On a quarterly basis, the aggregate price of a home in the region decreased modestly by 0.4 per cent.
Broken out by housing type, the median price of a single-family detached home decreased 5.7 per cent year over year to $1,660,800 in the first quarter of 2026, while the median price of a condominium decreased 4.8 per cent to $729,000 during the same period.
“The market has been on a gradual upswing in recent months as we approach the spring season. In March, transaction volume increased, notably month over month, suggesting that consumers are beginning to re-engage. We’re also seeing the return of multiple offers and stronger foot traffic at open houses, and anecdotally, agents are reporting increased activity,” said Randy Ryalls, managing broker, Royal LePage Sterling Realty. “Buyers are engaged and responding to well-priced, well-presented inventory. We’re also continuing to see a higher number of ‘subject to sale’ offers, which indicates that both move-up and downsizing buyers are present in the market.”
In the city of Vancouver, the aggregate price of a home decreased 3.9 per cent year over year to $1,366,800 in the first quarter of 2026. Meanwhile, the median price of a single-family detached home decreased 5.4 per cent to $2,160,400, while the median price of a condominium declined 4.6 per cent to $780,100.
Ryalls added that a significant share of active listings in Greater Vancouver have undergone price adjustments or expired, indicating that many sellers are still working to align their pricing with current market conditions.
“Signs are pointing to a stronger spring market in 2026, with rising buyer traffic, declining days on market, and renewed interest offering early momentum – though this likely won’t result in price increases for some time. The key challenge will be aligning buyer and seller expectations, which will be critical to unlocking more consistent activity in the months ahead,” said Ryalls. “At the same time, geopolitical and economic uncertainty will continue to play a role, with many consumers closely watching the headlines as they navigate their next move.”
Royal LePage is forecasting that the aggregate price of a home in Greater Vancouver will decrease 3.5 per cent in the fourth quarter of 2026, compared to the same quarter last year.
Click here to read the full release of Royal LePage First Quarter National Market News!
