The BC housing market enters 2026 with over 40,000 active listings province-wide — near the highest inventory levels in more than a decade. For buyers who sat on the sidelines through years of bidding wars, the table has turned. More selection, less competition, and more room to negotiate mean that serious buyers can finally move thoughtfully rather than frantically.
The benchmark price for Metro Vancouver (GVR) sits at $1,104,300, down 6.8% year-over-year as of March 2026. In the Fraser Valley (FVREB), the composite benchmark is $898,300 — more accessible for many buyers and showing early signs of stabilization after months of declines. Townhouses across both boards remain the most resilient segment, holding up better than condos or detached homes.
The BCREA forecasts MLS sales to rise 12% this year as pent-up demand gradually comes off the sidelines. Mortgage rates are expected to hold steady, removing some of the volatility that unsettled 2025. This is not a frenzied market — it’s a measured one, and measured markets reward preparation.
If you’ve been waiting for the right time to start your home search, reach out to me directly. We’ll map out your criteria, your financing, and your timeline before listings pick up in spring.