Downtown Vancouver Condo Market Statistics

Home sales registered on the MLS® in Metro Vancouver remain relatively flat compared to April last year, but a divergence is emerging between market segments.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,110 in April 2026, a 2.5 per cent decrease from the 2,163 sales recorded in April 2025. This was 22.9 per cent below the 10-year seasonal average (2,735).

“Last month we noted that a divergence was emerging between sales trends in the detached and multi-family segments, which continued in April,” said Andrew Lis, GVR chief economist and vice-president data analytics. “Sales of detached homes have been gaining year-over-year, while sales in the multi-family segment have declined, and this pattern is consistent across most areas. The fact this pattern is so broad-based reduces the likelihood what we’re seeing is just a blip in the data since the momentum isn’t isolated to small pockets of the market.”

“While it’s not always the case, there have been periods where the detached segment has acted as a bellwether of market sentiment, and it’s a question whether this time around this might be the case,” Lis said. “Prices across all segments remain relatively flat month over month as inventory levels remain sufficient to keep price escalation at bay. But with the detached segment picking up steam heading into the full swing of spring, it may only be a matter of time until the multi-family segments follow suit, which would slowly draw down standing inventory levels unless a surge of sellers come to market with their properties. We’ll be watching the next few months of data closely to see if pent-up demand re-enters the market heading into summer.”

Focusing on the Downtown Vancouver condo market in April 2026, sales have dipped and prices are steady.  

The under $900,000 market is selling at 17%, 83 out of 479 homes are selling, down 4% from last month. 

The $900,000 to $1,000,000 market is selling at 8%, 6 out of 73 homes are selling, down 2% from last month. 

The $1,000,000 to $1,250,000 market is selling at 13%, 13 out of 97 homes are selling, down 7% from last month. 

The $1,250,000 to $2,000,000 market is selling at 9%, 20 out of 218 homes are selling, down 1% from last month. 

The $2,000,000 to $2,500,000 market is selling at 7%, 6 out of 88 homes are selling, down 3% from last month. 

The $2,500,000 to $3,000,000 market is selling at 19%, 5 out of 26 homes are selling, up 12% from last month. 

The $3,000,000 to $5,000,000 market is selling at 5%, 2 out of 42 homes are selling, same as last month.

The $5,000,000 plus market is selling at 3%, 1 out of 29 homes are selling, same as last month.

Total unit sales in Downtown Vancouver were down 5% from last month and down 25% from April 2025. 

Those who are priced correctly for this market are selling on average at a rate of 16 days which is 22% faster than last month.

The median price remained the same as last month, but the median price has decreased 12% from April 2025. 

The average price per square foot decreased from $950 in March to $950 in April.

Our Downtown Vancouver inventory increased by 10% from last month with 1012 active listings which is down 22% from April 2025.  

The sellers’ best bets are 1 and 2 bedroom condos in Yaletown. And the buyers’ best bets are units priced from $1.75 million to $2 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