The Greater Vancouver housing market delivered a mixed performance in March, with detached home prices declining, townhome values rising, and condominium prices remaining relatively flat. Overall, the average sale price held steady at $1,201,411, representing a modest decline of approximately $6,000, or 0.1 per cent, from the previous month. Inventory continues to trend above historical norms, with 14,234 active listings, 40 per cent above the 10 year average, though down slightly, by 2.5 per cent, year over year. Sales reached 2,020 for the month, increasing 23 per cent from February and edging 3 per cent above March 2025 levels. Despite this improvement, sales remain well below typical levels, sitting 38 per cent under the long term average.
“Year to date, sales are tracking our forecast for the year closely, and the weakness in demand we continue to observe at the aggregate level is unsurprising,” said Andrew Lis, GVR chief economist and vice president of data analytics. “What’s
interesting is that the aggregate total masks an emerging divergence among market segments. While the multifamily segment continues to see slower sales, the detached segment may be showing early signs of strengthening, with sales increasing and new listings declining from last year.”
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2026-04-07 RLP Sussex - MARCH 2026 Sussex - Market Stats Brochure (1)
