Metro Vancouver’s housing market continued to show more balanced and cautious activity in February, with sales remaining slower than typical seasonal levels. Buyers are taking more time to make decisions as inventory has increased, providing greater choice and negotiating opportunities. While overall pricing has experienced some downward adjustment compared to last year, the market remains active with steady demand across different property types. Current conditions suggest a more balanced environment where both buyers and sellers are adapting to evolving market dynamics.
🏠 Detached Homes (February 2026):
Sales of detached homes reached 427 in February 2026, a 10.5% decrease from the 477 sales recorded in February 2025. The benchmark price for a detached home is currently $1,835,900, representing an 8.8% decline year-over-yearand a 0.8% decrease compared to January 2026. Detached properties continue to face softer demand as affordability challenges remain a key factor influencing buyer activity in this segment.
🏢 Apartments / Condos (February 2026):
Apartment sales totalled 824 in February 2026, reflecting a 15.6% decrease compared to the 976 sales recorded in February 2025. The benchmark price for apartment homes is $708,200, representing a 6.8% decline year-over-year, though prices saw a modest 0.5% increase compared to January 2026. Apartments remain the most active property type in terms of sales volume, particularly among first-time buyers and investors seeking more attainable entry points into the market.
🏘 Townhomes / Attached Homes (February 2026):
Attached home sales showed some resilience, reaching 387 transactions in February 2026, a 7.8% increase compared to the 359 sales recorded in February 2025. The benchmark price for a townhouse is currently $1,046,100, representing a 5.6% decrease year-over-year, but a slight 0.3% increase compared to January 2026. Townhomes continue to attract buyers seeking a balance between space and affordability compared to detached homes, helping sustain demand in this segment despite broader market softness.
Overall Summary:
Overall, the market continues to move toward more balanced conditions, with increased inventory providing buyers with greater choice while prices show modest adjustments across property types. As the market evolves, both buyers and sellers are approaching transactions with greater caution, making strategic pricing and informed decision-making more important than ever.
ABOUT ANNA LITVAK JOSEPH
Anna is a licensed REALTOR® based in Greater Vancouver and providing trading real estate services across Metro Vancouver, Greater Vancouver, Fraser Valley & Kelowna. Anna has an impressive track record and a wealth of experience in all the aspects of the real estate industry. As a full-time REALTOR®, Anna is dedicated to providing her clients with top-notch service, expert advice, and outstanding results in their real estate transactions. Anna emphasizes the importance of building valuable relationships and ensuring client satisfaction from the initial thoughts of making a move and through the home ownership journey. Her customer-centric approach is fundamental to her business philosophy.
With over 15 years of sales experience & entrepreneurship, Anna brings a high level of professionalism, customer service, and integrity to her real estate career. Anna’s outstanding performance in real estate is underscored by her impressive achievements. She qualified as a Medallion Club Member in 2018, 2019, 2020, 2021, 2022, 2023 and 2024 placing her among the top 10% of real estate agents in Greater Vancouver. Anna has worked hard to gain numerous 5 star testimonials, and is being featured in several publications year over year, including Vancouver Excellence in Real Estate, Top agent Magazines, and more. Anna is also highly ranked in multiple cities across RATE-MY-AGENT.
Anna’s professionalism, expertise and knowledge is the reason why the majority of her business today consists of referral or repeat customers.
About the team: The Anna Litvak Joseph Team at BC Prime Realty is a full-service real estate team that has grown over the years to a trusted brand that provides service to thousands of happy buyers and sellers.
Their dedication has been acknowledged with the prestigious Medallion Club award in 2020, 2021, 2022, 2023, 2024, AND 2025 highlighting their excellence as one of the top 10% teams among real estate groups in Greater Vancouver.
The Anna Litvak Joseph Team values diversity and relationship, therefore they follow client- centric approach, making it stress-free journey throughout their real estate experience.
The Anna Litvak Joseph Team is truly passionate about their mission of deliver excellence in Real Estate by building long term relationships. Their professionalism, expertise and knowledge is the reason why the majority of their business consists of referral or repeat customers.
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