Greater Vancouver’s housing market is moving a step behind expectations in 2026, as hesitant buyers, elevated inventory and stubborn economic uncertainty continue to weigh on activity. Our updated forecast looks at what’s holding the market back, where sales and prices are headed next, and what could change the outlook.

Key highlights

Sales remain unusually subdued. 2026 is tracking among the slowest years for sales in recent history, prompting a modest downward revision to the outlook.
A dramatic rebound looks unlikely for now. With borrowing costs expected to remain relatively stable, the market will have to find its footing without this major potential catalyst.
Prices have drifted downwards, but gradually declining inventory could help limit further price weakness.