Metro Vancouver’s housing market is gearing up for another year of softer conditions, with fresh data pointing to continued price declines and cautious buyer behaviour. According to the Royal LePage 2026 Market Survey Forecast, the aggregate home price in Greater Vancouver is projected to drop 3.5% year-over-year in the fourth quarter of 2026, landing around $1,147,868.
Detached homes are expected to take the biggest hit, with median prices forecast to fall 5% to about $1.61 million. Condominiums should fare slightly better, though still trending downward with a 3% drop to roughly $712,853.
This outlook follows a year of weaker sales and rising inventory across the region. Homes are spending more time on the market as buyers pull back, either due to economic concerns or hopes that prices will slip further.
“Momentum in the Vancouver housing market continues to decline,” said Randy Ryalls, managing broker at Royal LePage Sterling Realty. He notes that sales remain well below the 10-year average and increasing inventory is lingering as buyers stay cautious.
Ryalls points to two main groups holding off: those uneasy about the economy and those trying to time the market. With ample listings and softening prices, many feel no pressure to act quickly. There has also been a rise in “subject to sale” deals as move-up buyers struggle to sell their current homes before committing to a new one.
While Vancouver is forecast to see further easing, the national picture is more upbeat. Royal LePage expects the aggregate Canadian home price to rise 1% in late 2026, with most major markets experiencing modest growth. Vancouver and Toronto stand out as the only major regions anticipating year-over-year declines.
Looking ahead, Ryalls says the market could regain momentum if inventory tightens or buyer sentiment improves. Even a slight shift could encourage some sidelined buyers to step back in.
For now, Metro Vancouver is set to remain a buyer-friendly market heading into 2026, offering more choice and fewer competitive pressures than in recent years.
Details provided by :https://www.ctvnews.ca/vancouver/article/metro-vancouver-home-prices-expected-to-fall-again-in-2026/
