Kris CurmanPowered by Motions MarketingOakwyn Realty Northwest

Market update · October 6, 2026

Greater Vancouver Real Estate Market Update: October 2026

September sales data from Greater Vancouver REALTORS®, plus live listings as of October 6, 2026.

Metro Vancouver · October 2026

The short version

1,717Homes sold in September−8.4% vs September 2025
$1.08MBenchmark price, all homes−5.5% vs September 2025
16,394Homes for sale+24% vs 10-year average
10.9%Sales-to-active ratioBelow GVR’s 12% line
  • Sales are slow. 1,717 homes sold in Metro Vancouver in September, down 8.4% from September 2025 and 25% below the 10-year average for the month.
  • Buyers have choice. 16,394 homes are listed for sale, about 24% more than the 10-year average.
  • Prices are drifting down. The benchmark price for all home types is $1,075,900, down 5.5% from a year ago and down 0.6% from August.
  • Detached homes are the softest. Their benchmark is $1,784,700, down 7.3% year over year.

By property type

What the numbers mean

GVR tracks the sales-to-active-listings ratio: monthly sales as a share of homes for sale. When it stays below about 12%, prices tend to face downward pressure; when it stays above about 20%, they tend to rise.

Metro Vancouver benchmark prices, sales and sales-to-active ratio by property type, from GVR’s October 2026 release
Property typeBenchmark pricevs Sep 2025vs Aug 2026SalesSales vs Sep 2025Sales-to-active
Detached$1,784,700−7.3%−0.8%575+4.2%9.7%
Townhouse$1,016,700−4.7%−1.2%358+0.6%12.2%
Apartment$682,500−6.2%−0.5%777−18.6%11.4%
All homes$1,075,900−5.5%−0.6%1,717−8.4%10.9%

Detached homes and apartments, at 9.7% and 11.4%, are in the range where GVR’s history points to softer prices. Townhouses are closer to balanced. As Andrew Lis, GVR chief economist and vice-president data analytics, put it: “While sales were down about eight per cent overall in September, this figure hides the fact the weakness is contained to the sizeable apartment segment, which typically accounted for half of sales in any given month in recent years.”

If you’re buying

More choice and softer prices generally mean more room to negotiate on price, dates and conditions, especially for detached homes. It’s also a reasonable time to get pre-approved and compare what similar homes actually sold for, not just what they’re listed at.

If you’re selling

Pricing matters more than usual. With this much supply, homes priced above recent sales tend to sit. Start from comparable sales, not last year’s headlines.

Live listings · October 6, 2026

Burnaby & Vancouver right now

Asking prices of homes for sale on the MLS® System on October 6, 2026, from the same feed as the area pages.

Burnaby

  • Homes for sale1,740
  • Median asking price, condo$675K
  • Median asking price, townhouse$899K
  • Median asking price, house$2.1M
  • New in the past week129
  • Median days on market55

See today’s Burnaby market snapshot →

Vancouver

  • Homes for sale4,185
  • Median asking price, condo$798K
  • Median asking price, townhouse$1.4M
  • Median asking price, house$2.69M
  • New in the past week346
  • Median days on market49

See today’s Vancouver market snapshot →

Why do these differ from GVR’s benchmark? The benchmark prices a “typical” home across all of Metro Vancouver, using what homes sold for. The figures above are asking prices of homes for sale right now in one city. Both are useful, but they measure different things.

Your street, your building

Want the sold numbers?

Ask me for recent sales on your street or in your building, and I’ll put them in context. Or call 604-719-4993.

Ask Kris →

Sources

Metro Vancouver as defined by GVR. General information only, not financial advice. Deemed reliable but not guaranteed.