Downtown Vancouver Condo Market Statistics

Metro Vancouver home sales registered on the MLS in February continued the recent trend of slower-than-average sales, seeing a 10% decline over the same period last year. 

The Greater Vancouver Realtors (The Real Estate Board) reports that residential sales in the region totalled 1,648 in February 2026, a 9.8% decrease from the 1,827 sales recorded in February 2025. This was 28.7% below the 10-year seasonal average (2,310). 

“With each passing data point, the pace of sales running well-below long-term averages are no longer a surprise – it’s become the new norm,” said Andrew Lis, GVR chief economist and vice-president data analytics. “A surprising finding this February, however, is that home sellers appear less eager to list their homes relative to last year with new listings down about seven percent, mostly driven by fewer listings in the apartment segment.”

“With fewer sellers coming to market with their properties than last year, a pick-up in demand heading into the spring could result in a stagnation of standing inventory, which may support prices around current levels,” Lis said. “With sales slightly outpacing our 2026 forecast year-to-date, the spring market will be the litmus test of whether we continue along this new normal, or if we see any significant surprises.”

Focusing on the Downtown Vancouver condo market in February 2026, sales are slightly stronger and inventory is stable.  

The under $900,000 market is selling at 19%, 78 out of 413 homes are selling, up 6% from last month. 

The $900,000 to $1,000,000 market is selling at 17%, 11 out of 63 homes are selling, up 9% from last month. 

The $1,000,000 to $1,250,000 market is selling at 15%, 5 out of 74 homes are selling, up 8% from last month. 

The $1,250,000 to $2,000,000 market is selling at 6%, 11 out of 180 homes are selling, up 2% from last month. 

The $2,000,000 to $2,500,000 market is selling at 7%, 4 out of 62 homes are selling, same as last month. 

The $2,500,000 to $3,000,000 market is selling at 0%, 0 out of 33 homes are selling, down 6% from last month. 

The $3,000,000 to $5,000,000 market is selling at 7%, 3 out of 43 homes are selling, up 7% from last month.

The $5,000,000 plus market is selling at 0%, 0 out of 31 homes are selling, same as last month.

Total unit sales in Downtown Vancouver were up 61% from last month and down 3% from February 2025. 

Those who are priced correctly for this market are selling on average at a rate of 16 days which is 59% faster than last month.

The median price increased 8% from last month, but the median price has increased 5% from February 2025. 

The average price per square foot increased from $895 in January to $932 in February.

Our Downtown Vancouver inventory increased by 7% from last month with 881 active listings which is down 18% from February 2025.  

The sellers’ best bets are 1 and 2 bedroom condos in Downtown, Yaletown and the West End. And the buyers’ best bets are units priced from $1.5 million to $1.75 million in Coal Harbour. 

I hope you find this helpful, but should you have any questions please don’t hesitate to ask.

My best,

Ian

      Monthly Market Statistics Report