Home sales and new listings registered on the MLS® in Metro Vancouver fell roughly ten per cent relative
to October last year, respectively.

The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled
2,024 in October 2026, a 10.2 per cent decrease from the 2,255 sales recorded in October 2025. This was
22.5 per cent below the 10-year seasonal average (2,612).

“October came with a few suspenseful distractions for buyers and sellers alike, with a somewhat
surprising Bank of Canada rate hike and a snap provincial election among them. Between the onslaught of
news coverage of the provincial and municipal elections, and the uncertainty surrounding where mortgage
rates may be headed, it’s not entirely surprising that market participants took a step back in
October to recalibrate.”

New Listings and Inventory

There were 4,805 detached, attached and apartment properties newly listed for sale on the Multiple Listing
Service® (MLS®) in Metro Vancouver in October 2026. This represents a 11.6 per cent decrease
compared to the 5,438 properties listed in October 2025. This was 1 per cent above the 10-year seasonal
average (4,758).

The total number of properties currently listed for sale on the MLS® system in Metro
Vancouver is 15,688, a 4.3 per cent decrease compared to October 2025 (16,393). This is 24 per cent above
the 10-year seasonal average (12,649).

Sales-to-Active Listings Ratio

Across all detached, attached and apartment property types, the sales-to-active listings ratio for
October 2026 is 13.4 per cent. By property type, the ratio is 11.6 per cent for detached homes, 16.5 per
cent for attached, and 13.5 per cent for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio
dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it
surpasses 20 per cent over several months.

“With one quarter-point rate hike now behind us, and financial markets pricing in a slight chance of
another quarter-point hike in December, it’s possible some buyers may step in to take advantage of
rate holds that will soon be expiring. Still, it’s a difficult quandary for buyers who’ve
watched prices edge lower throughout the year, only to see those affordability gains eroded by higher
borrowing costs. Like much of 2026, it’s a continued pattern of one step forward, one step back in
nearly all aspects impacting the housing market. Whether we finish 2026 stepping forward rather than back,
remains the defining question that will set the tone for the New Year.”

October 2026 benchmark prices by property type

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver
is currently $1,068,600. This represents a 5.2 per cent decrease over October 2025 and a 0.7 per cent
decrease compared to September 2026.

Sales of detached homes in October 2026 reached 643, a 7.2 per cent decrease from the 693
detached sales recorded in October 2025. The benchmark price for a detached home is $1,775,200. This
represents a 7 per cent decrease from October 2025 and a 0.5 per cent decrease compared to September
2026.

Sales of apartment homes reached 892 in October 2026, a 16.7 per cent decrease compared to the
1,071 sales in October 2025. The benchmark price of an apartment home is $673,400. This represents a 5.9
per cent decrease from October 2025 and a 1.3 per cent decrease compared to September 2026.

Attached home sales in October 2026 totalled 468, a 1.9 per cent decrease compared to the 477
sales in October 2025. The benchmark price of a townhouse is $1,006,500. This represents a 5.5 per cent
decrease from October 2025 and a 1 per cent decrease compared to September 2026.