11/05/2026
🏡 METRO VANCOUVER REAL ESTATE MARKET UPDATE
📅 October 2026
📉 The market continues to cool down!
Metro Vancouver saw fewer sales, fewer new listings, and continued price declines compared to October 2025.
📊 OCTOBER MARKET HIGHLIGHTS
🔹 Home Sales: 2,024 ↓ 10.2%
🔹 New Listings: 4,805 ↓ 11.6%
🔹 Active Listings: 15,688 ↓ 4.3%
🔹 Overall Benchmark Price: $1,068,600 ↓ 5.2%
🏠 HOME PRICES BY PROPERTY TYPE
▪️ Detached: $1,775,200 ↓ 7.0%
▪️ Townhouse: $1,006,500 ↓ 5.5%
▪️ Apartment: $673,400 ↓ 5.9%
🔍 WHAT DOES THIS MEAN?
For Buyers:
✅ More choices in the market
✅ Softer home prices
⚠️ Higher mortgage rates remain a challenge
For Sellers:
⚠️ More competition
⚠️ Buyers are more selective
💡 Realistic pricing and effective marketing are essential.
💡 JAMES' MARKET TAKEAWAY
The market is offering opportunities for buyers, but sellers need to be more strategic.
With borrowing costs and economic uncertainty continuing to influence buyer confidence, all eyes are on the final two months of 2026.
Thinking of buying or selling? Let's talk about your next move!
📩 Contact me for a personalized market update.
James Hsiao | REALTOR®
Sutton Group – 1st West Realty
Source: https://www.gvrealtors.ca/news/buyers-and-sellers-step-back-in-october