VANCOUVER WEST MARCH APARTMENT MARKET
Attached please find the latest statistics from Greater Vancouver Realtors.
The News Release tells us that the Real Estate market for the first part of the year continues to fall in line with what the GVR forecast. Tariff turmoil that has morphed into Middle East turmoil has thankfully not exacerbated the lethargy beyond predicted levels. Both Buyers and Sellers do remain shy leading to flat inventory and level prices but it is noted that detached housing is faring better than others segments. Last month saw a 2.8 percent decrease in residential sales compared to the previous March. Year to year newly listed properties are down 10.3 percent. Total inventory this March is 1.6 percent higher than last March. The composite value of all properties is 6.8 percent lower March to March
The graph shows a 0.2 percent increase from February to March for the average condominium sale price in Metro Vancouver. This March compared to last March, the overall benchmark price of an apartment decreases 7.8 percent. Year to year the volume of condo sales drop 15.6 percent.
March 2026 versus the previous March, the benchmark price for west side condos is 8.3 percent lower. Vancouver west apartment sales decline 15.5 percent March to March. Year to year west side apartment inventory is 27.7 percent lower.
From February to March, Vancouver west apartment sale rise 22.4 percent. Month to month west side condo inventory is 18.1 percent higher.