What Happened in March
The Greater Vancouver market remained in wait-and-see mode in March 2026. Total sales came in at 2,032 — down 2.8% from March 2025 and sitting 31.8% below the 10-year seasonal average of 2,981. Buyers have options; the urgency of 2021–2022 is a distant memory.Key Numbers *(Source: Greater Vancouver Realtors, March 2026)*
- Benchmark price (all residential): $1,104,300 — down 6.8% year-over-year, up 0.4% month-over-month
- Detached: $1,854,800 (−8.2% YoY) | Townhouse: $1,047,100 (−5.7%) | Apartment: $706,700 (−7.8%)
- Sales-to-active listings ratio: 14.2% (buyer's market — above 20% favours sellers)
- Active listings: 14,774 — up 1.6% YoY and 38% above the 10-year seasonal average
What This Means for Buyers
This is one of the better buyer's markets Metro Vancouver has seen in years. Inventory is 38% above the 10-year average, prices are off 6–8% from their peak, and sellers are more willing to negotiate than at any point since 2019. My advice: Get pre-approved, know your number, and don't rush — but don't mistake a good negotiation window for a guarantee the market stays here. The month-over-month price uptick (+0.4%) suggests prices may be finding a floor.What This Means for Sellers
Properly priced homes are selling. Overpriced listings are sitting — and with nearly 15,000 active listings competing for your buyer's attention, the gap between "priced right" and "wishful thinking" is more punishing than ever. If you're planning to list this spring, pricing strategy and presentation matter more than timing right now.Spring Outlook
Detached home sales were the one bright spot in March, up 8.3% year-over-year. Families looking for more space are still active. Immigration continues to drive long-term demand in the Fraser Valley, and interest rate stability is bringing some sidelined buyers back. The GVR's own headline for March: *"Buyers and sellers adopting a wait-and-see approach to the housing market."* Patient, well-prepared buyers and realistic sellers are the ones closing deals right now.*Want to know what your home is worth in this market? Get a free evaluation.*
AJ
Amanda John
Real Estate Consultant · Oakwyn Realty
Helping buyers and sellers across Vancouver and the Fraser Valley for over a decade. If you have questions about this article, reach out anytime.