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New normal for Metro Vancouver’s housing market continues

VANCOUVER, BC – March 3, 2026 – Metro Vancouver* home sales registered on the MLS® in February continued the recent trend of slower-than-average sales, seeing a ten per cent decline over the same period last year.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,648 in February 2026, a 9.8 per cent decrease from the 1,827 sales recorded in February 2025. This was 28.7 per cent below the 10-year seasonal average (2,310).

There were 4,734 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2026. This represents a 6.4 per cent decrease compared to the 5,057 properties listed in February 2025. This was 7.1 per cent above the 10-year seasonal average (4,421).

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 13,545, a 6.3 per cent increase compared to February 2025 (12,744). This is 37 per cent above the 10-year seasonal average (9,886).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for February 2026 is 12.6 per cent. By property type, the ratio is nine per cent for detached homes, 16.6 per cent for attached, and 14.1 per cent for apartments.

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Fraser Valley market shows early bloom with February sales lift

SURREY, BC – The Fraser Valley market showed early signs of a spring thaw in February, with sales increasing over January, but continuing to trail typical levels for this time of year.

The Fraser Valley Real Estate Board recorded 843 sales on its Multiple Listing Service® (MLS®) in February, a 36 per cent increase from January, but 38 per cent below the ten-year seasonal average. New listings declined nine per cent in February to 2,796, suggesting some sellers are choosing to wait amid competitive inventory levels, and may be positioning their homes for the peak of the spring market.

Overall inventory remains above seasonal norms for the Fraser Valley, with 8,344 active listings, up eight per cent from January and 51 per cent above the 10-year seasonal average.

The Fraser Valley remains firmly in a buyer’s market, with an overall sales-to-active listings ratio of ten per cent in February. A balanced market is typically defined by a ratio between 12 and 20 per cent.

Across the Fraser Valley in February, the average number of days to sell a single-family detached home was 47 days, while for a condo it was 45 days. Townhomes took, on average, 39 days to sell.

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Home Sales Activity Starts 2026 on Ice

As January winter storms swept across Central Canada, home sales fell 5.8% while new listings rose 7.3%. CREA’s Senior Economist Shaun Cathcart suggested the slowdown was likely weather-related, adding 2026 will be defined by pent-up first-time buyer demand.

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ALL RP AGENTS: Celebrate the Lunar New Year with Alliance Partners and welcome the Year of the Horse with exclusive insights into our latest projects at Point Grey Golf & Country Club

Special Incentives:

New year gifts will be provided to all attendees

Exciting bonus opportunities for agents

Buyers' incentives starting at $88,888

Prize draws including gift cards and an Oura Ring

Event Details:

Date/Time: Thursday, February 26th, 2026, from 2–4 PM

Location: Point Grey Golf Club, 3350 SW Marine Dr, Vancouver (free visitor parking available)

Limited seats, registration is a must : https://forms.gle/XVmXng9MCawFJs8T8

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Royal Pacific Realty Group Lunar New Year Lunch: Wednesday, February 18, 2026

Date:  Wednesday February 18, 2026

 Time:  12:00 noon

 Location: 100 - 1200 West 73rd Avenue, Vancouver
                   (Royal Pacific head office at Airport Square)

Registration link: https://forms.gle/dnRksTHXeZEq9b3Y9


Dear
Royal Pacific Agents,

You are warmly invited to join us for our Lunar New Year Lunch, generously sponsored by John Carlisle Law Corporation and CIBC Sky Tong Team.

Come enjoy a festive afternoon with Great Food, Red Wine, Good Company, and Holiday Cheer!

We will also have the Money God delivering gold coins and good fortune to all participants!

Please mark your calendar—we look forward to celebrating with you.

Wishing you all a Prosperous and Joyful Year of the Horse!

Thank you, and see you there!


RSVP:  Please confirm your attendance by Monday, February 16, 2026

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New year, same housing market in Metro Vancouver

VANCOUVER, BC – February 3, 2026 – Last year’s market trends continued in January as home sales registered on the MLS® in Metro Vancouver* were 28.5 per cent lower than last year, setting the year off to a quieter start. 

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,107 in January 2026, a 28.7 per cent decrease from the 1,552 sales recorded in January 2025. This was 30.9 per cent below the 10-year seasonal average (1,602). 

There were 5,157 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2026. This represents a 7.3 per cent decrease compared to the 5,566 properties listed in January 2025. This was 19.4 per cent above the 10-year seasonal average (4,318). 

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 12,628, a 9.9 per cent increase compared to January 2025 (11,494). This is 38 per cent above the 10-year seasonal average (9,153).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for January 2026 is 9.1 per cent. By property type, the ratio is 6.7 per cent for detached homes, 11.1 per cent for attached, and 10.3 per cent for apartments. 

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Fraser Valley home prices back to pandemic-era levels under weight of economic headwinds and sustained inventory 

SURREY, BC – Home prices in the Fraser Valley fell for the tenth consecutive month in January, pushing the Benchmark price below $900,000 for the first time since spring 2021.

The Benchmark price for a typical home in the Fraser Valley dropped one per cent in January to $897,200, down 6.9 per cent year-over-year. The continued softening of prices wasn’t enough to get buyers off the sidelines, as the Fraser Valley Real Estate Board recorded 619 sales on its Multiple Listing Service® (MLS®) in January, a 33 per cent decrease from December, and 24 per cent below sales from the same month last year. New listings increased 128 per cent in January to 3,078, reflecting the typical seasonal patterns; however, activity remained 10 per cent below last year’s levels.  

Overall inventory remains above seasonal norms for the Fraser Valley, with 7,711 active listings, up 11 per cent from December and 54 per cent above the 10-year seasonal average.

The Fraser Valley remains firmly in a buyer’s market, with an overall sales-to-active listings ratio of eight per cent in January, down five per cent from December. A balanced market is typically defined by a ratio between 12 and 20 per cent.

Across the Fraser Valley in January, the average number of days to sell a single-family detached home was 55 days, while for a condo it was 53 days. Townhomes took, on average, 50 days to sell.

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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.