Metro Vancouver and Fraser Valley Housing Market: March 2026 Recap

Greater Vancouver ended March 2026 with 13,909 active listings, a median price of $1,189,000, and homes sitting on the market for an average of 47 days. The Fraser Valley tells a similar story: 7,330 active listings at a median of $971,000. Inventory across both regions is well above typical spring levels. Buyers have more choices and more negotiating room than they have had in several years. The spring market has arrived, and it is still clearly favouring buyers.

Here is a full breakdown of where each property type and region stood at the end of March, with what it means for anyone buying or watching the market heading into April.

Greater Vancouver: High Inventory, Longer Wait Times for Sellers

With 13,909 listings across all property types and a median of 47 days on market, Greater Vancouver continues to sit in buyer's territory. Sales volumes have remained below historical averages through the first quarter of 2026, following the trend that defined most of 2025. Buyers who have been on the sidelines are entering an environment with real negotiating leverage, particularly in the condo and detached segments where inventory is highest.

Breaking it down by property type tells three distinct stories:

Condos: 6,250 active listings across Greater Vancouver. Median price $720,000. Median $923 per square foot. Average 43 days on market. The condo segment is the most liquid part of the market right now and represents the clearest entry point for first-time buyers. With the BC Property Transfer Tax exemption covering purchases up to $835,000 for first-time buyers, a significant portion of current condo inventory falls within or near that window. See Greater Vancouver condo inventory on Zealty.

Townhouses: 2,555 active listings. Median price $1,283,900. Median $818 per square foot. Average 40 days on market. Townhouses are moving faster than any other property type in Greater Vancouver right now, reflecting consistent demand from buyers who want more space but cannot stretch to detached prices. At 40 days on market, this segment has the least accumulation of stale inventory.

Detached houses: 5,049 active listings. Median price $2,190,000. Median $806 per square foot. Average 56 days on market. Detached homes are sitting the longest by a significant margin. The gap between seller expectations and buyer budgets in this segment remains wide. Properties priced at market are moving; properties priced above it are accumulating days.

Fraser Valley: The Value Case Remains Strong

The Fraser Valley continues to offer the most compelling value for buyers who can accept the commute or are working remotely. With 7,330 total active listings at a median of $971,000 and $556 per square foot across all property types, the region is trading at a meaningful discount to Metro Vancouver on every metric.

Fraser Valley condos: 2,092 active listings. Median price $519,000. Median $662 per square foot. Average 44.5 days on market. At these price points, first-time buyers can access the full PTT exemption with no partial phase-out. The Fraser Valley condo market is one of the few places in BC where a first-time buyer can purchase without any Property Transfer Tax at all.

Fraser Valley townhouses: 1,760 active listings. Median price $829,900. Median $515 per square foot. Average 40 days on market. This is one of the best value stories in the entire BC market. A Fraser Valley townhouse at $830,000 delivers considerably more space per dollar than anything comparable in Burnaby, North Vancouver, or Richmond. Browse current Fraser Valley listings on Zealty.

City-by-City Snapshot for March 2026

Surrey: 3,773 active listings across all property types. Median price $969,900. Median $573 per square foot. Average 49 days on market. Surrey is running at a slight discount to the Fraser Valley board median, which reflects the high concentration of condo inventory in the Surrey City Centre and Whalley areas pulling the median down. Buyers targeting townhouses will find the best price-per-square-foot numbers in Cloverdale and Fleetwood. Surrey housing market stats on Zealty.

Burnaby: 1,672 active listings. Median price $898,000. Median $863 per square foot. Average 44 days on market. Burnaby sits as the mid-market option for buyers who want SkyTrain access and Metro Vancouver proximity at a meaningful discount to the City of Vancouver. The median of $898,000 across all property types puts much of the condo market within reach of buyers targeting the PTT exemption window. Burnaby housing market stats on Zealty.

North Vancouver: 900 active listings. Median price $1,367,500. Median $910 per square foot. Average 35 days on market. North Vancouver is moving faster than every other region in this recap by a meaningful margin. At 35 days on market on average, supply remains constrained by geography and the consistent lifestyle demand the North Shore commands. If you are watching this market, properties are not sitting. North Vancouver housing market stats on Zealty.

Richmond: 1,799 active listings. Median price $999,000. Median $801 per square foot. Average 55 days on market. Richmond has the longest days on market of any region in this recap. With 55 days average and nearly 1,800 listings, buyers have real selection and real time to make decisions. The median of $999,000 is competitive with North Vancouver but with significantly less urgency in the negotiating dynamic. Richmond housing market stats on Zealty.

What This Means Heading Into April

The conditions entering April are as buyer-friendly as BC has seen in several years. Inventory is elevated, days on market are extended across most segments, and sellers who are not priced at market are waiting. The spring season typically brings more listings, which adds supply, but also more active buyers. The window of maximum buyer leverage may narrow over the next 60 to 90 days as the traditional spring rush builds.

For buyers actively searching right now, three tools on Zealty are particularly useful in this market. Sorting by days on market identifies listings that have been sitting 30 days or longer. Those sellers are the most likely to negotiate. Sorting by price change percentage finds properties where sellers have already reduced once, which signals additional room. The price-to-previous-sold filter surfaces homes listed below what they last sold for, which can indicate motivated sellers or genuine value.

If you are a first-time buyer, the condo segments in Greater Vancouver and the Fraser Valley represent the most accessible price points with the strongest program support right now. For a full breakdown of the PTT exemption, FHSA, and Home Buyers' Plan, see our complete guide to first-time buyer programs in BC for 2026.

Start Your April Search on Zealty

Every statistic in this post comes from live Zealty MLS data, updated daily as new listings come on and sales are reported. The numbers will shift through April as the spring market develops. If you want to track a specific neighbourhood, price range, or property type, set up a saved search and Zealty will alert you as new inventory matches your criteria.

Search active BC listings with live MLS data on Zealty and filter by the region, property type, and price that fits your plan for April.