West Coast luxury
Vancouver Housing Market Report
This Vancouver housing market report tracks benchmark prices, rents, vacancy and property tax across Metro Vancouver, using Greater Vancouver Realtors, September 2026 and CMHC rental data.
MLS benchmark · Greater Vancouver Realtors, September 2026 · Metro Vancouver · Updated through September 2026
Vancouver average price by property type
What each kind of home costs in Metro Vancouver, and how far apart a house and an apartment have moved.
Detached
$1,799,400
House, not attached to a neighbour
All property types
$1,075,900
MLS benchmark
Condo
$686,200
The usual entry point
Greater Vancouver Realtors, September 2026, for Metro Vancouver. A detached home costs 2.6× what a condo does here. Detached, all types and condo are the same measure from the same release (mls benchmark), so they can be compared with each other, though not directly against another city’s differently-measured figure. Vancouver’s board does not publish a townhouse figure we hold, so this report leaves that segment out rather than estimating it.
Average cost by property type in Vancouver
What each kind of home costs, from the same release.
All three from Greater Vancouver Realtors, September 2026, on the same basis (mls benchmark), so they can be compared with each other. Vancouver's board does not publish a townhouse or row-house figure we hold, so this report shows the three segments it does publish rather than estimating a fourth.
What it costs to buy
The benchmark, where it has moved in twelve months, and the land transfer cheque that clears on closing day.
MLS benchmark
$1,075,900
Greater Vancouver Realtors, September 2026
12 month change
−5.5%
Composite, same source
Land transfer on closing
$19,518
At the benchmark, 20% down, no rebate
Condo benchmark
$686,200
The usual entry point
BC's property transfer tax is charged on the full price with a first-time exemption that is fully gone by $860,000. That is above the apartment benchmark but below the composite and well below the detached benchmark, so most house buyers in Vancouver pay the tax in full regardless of whether it is their first home. Compare neighbourhoods in Vancouver to narrow the citywide figures to areas that fit your search.
Price and twelve month change: Greater Vancouver Realtors, September 2026. The closing figure is BC property transfer tax, calculated on the MLS benchmark at 20% down with no first-time rebate applied. Run your own price through the land transfer tax calculator or the closing costs calculator.
Continue in the Buyer HubFirst-time buyer guides, neighbourhoods and closing calculatorsWhat the market pays a seller
Where the detached and condo segments have split, and what comes out of the sale price before you see it.
Detached
$1,799,400
Greater Vancouver Realtors, September 2026
Condo
$686,200
Same board, same month
Detached to condo
2.6×
How many condos to one house
12 month change
−5.5%
What your comparables are worth now
A 5.5% annual decline is the largest in the set, so a comparable from last spring is not a comparable. Detached holds its premium, but the volume of that premium is thin, and pricing off a neighbour's 2025 sale is the most common way a Vancouver listing goes stale. Before setting an asking price, use our guide to interviewing a Vancouver real estate agent to ask for comparable sales and a clear pricing plan.
Sales counts, days on market and months of inventory are not published for Vancouver in a form we hold, so this report does not show them. Greater Vancouver Realtors reports prices at the board level; only TRREB publishes community-level activity, which is why Toronto is the one report here that carries those figures. We would rather omit a number than estimate it.
Detached and condo figures are from the same release as the composite, so the spread between them is like-for-like. What comes out of the sale price is a provincial question. See the commission calculator and the sale proceeds calculator.
Continue in the Seller HubCommission by province and what you actually netWhat the rent covers
Sitting rents, CMHC vacancy, gross yield on the benchmark, and the property tax drag underneath it.
Rent, 2 bedroom
$3,150
Per month, asking
Vacancy
3.7%
Vancouver CMA, purpose-built
Gross yield
3.5%
Annual rent over price, before costs
Property tax
$3,335
0.31% on the benchmark, per year
Vancouver pairs the lowest residential mill rate of the eight with the highest composite price, so the property tax drag on NOI is unusually light while the entry price is unusually heavy. Gross yield on the benchmark sits near Toronto's and well under the 4% and above that Calgary, Ottawa and Winnipeg show.
Vacancy describes Vancouver CMA, purpose-built and comes from CMHC Rental Market Report, October 2025. That area is wider than Vancouver itself, so treat it as the backdrop rather than the rate on one building. Gross yield is annual two-bedroom rent over the MLS benchmark, before vacancy, tax, insurance and maintenance. It is not a cap rate. Property tax is Vancouver’s residential rate of 0.31% applied to that same price.
Continue in the Investor HubCap rate and cash flow calculators by cityHow Vancouver compares
The same measures across all eight markets. Switch the measure to move the ranking.
Where Vancouver ranks
Benchmark, median or average price. Vancouver is 2nd of the eight markets on this measure.
Each board's own headline price figure. Montreal is a median and Winnipeg an average, so those two answer a slightly different question than the six benchmarks.
| Market | Price | 12 mo | Detached | Condo | Rent, 2br | Vacancy |
|---|---|---|---|---|---|---|
| VictoriaGreater Victoria | $1,170,200MLS benchmark | −2.0% | $1,280,100 | $547,800 | $2,120 | 3.3% |
| VancouverMetro Vancouver | $1,075,900MLS benchmark | −5.5% | $1,799,400 | $686,200 | $3,150 | 3.7% |
| TorontoGreater Toronto Area | $917,600MLS benchmark | −4.7% | $1,360,000 | $631,000 | $2,700 | 3.0% |
| MontrealMontreal CMA | $635,000Median price | +0.5% | $635,000 | $430,000 | $2,050 | 2.9% |
| OttawaOttawa Census Division | $623,500MLS benchmark | −0.3% | $705,100 | $380,800 | $2,300 | 3.0% |
| CalgaryCity of Calgary | $566,700MLS benchmark | −0.8% | $739,400 | $291,400 | $1,900 | 5.0% |
| HalifaxHalifax–Dartmouth | $541,700MLS benchmark | −4.1% | $610,000 | $420,000 | $1,826 | 2.7% |
| WinnipegWinnipeg Census Metropolitan Area | $408,020Board average | +2.3% | $454,264 | $290,522 | $1,550 | 2.8% |
Price and twelve month change come from each city’s own board, on the month named in that city’s report. They are not all the same month, and Montreal and Winnipeg publish medians and averages rather than a benchmark. Rents are market asking rents; vacancy is CMHC purpose-built for the CMA named on each report page, which is wider than the city proper.
Vancouver against another market
Pick a second market to put beside this one. Both charts below answer a different question about the same pair.
Both charts below move together when you change this.
Detached, composite and condo
What each segment costs in Vancouver against Toronto.
- Vancouver
- Toronto
Same board release in each city, so the segments are like-for-like within a market. Across markets the measurement differs: Greater Vancouver Realtors, September 2026 against TRREB, September 2026.
Tax on closing, as the price climbs
Land transfer, property transfer, welcome or deed tax at 20% down, with no first-time rebate.
- Vancouver
- Toronto
Calculated from each province’s published brackets, the same functions behind our calculators. Vancouver: BC property transfer tax. Toronto: Ontario LTT + Toronto municipal LTT. Alberta charges no land transfer tax at all, so its line is registration fees only and stays near the axis.
Go deeper in this market
Neighbourhood prices, agent coverage, and the calculators preloaded with this city's figures.
This Vancouver housing market report is updated when the boards publish, and each refresh is logged in the changelog. Figures carry the month they were released, not the day you read them.
Vancouver housing market changelog
What changed on this report at its last refresh, and how Vancouver moved month by month through 2026.
Last refreshed October 29, 2026 · data through September 2026
- Headline moved from June to September: the composite benchmark is $1,075,900, down 5.5% (was $1,099,100, down 6.0%).
- Corrected the detached and condo figures to the GVR benchmarks ($1,799,400 and $686,200 for August). The page previously showed $1,990,000 and $771,000, which do not match any GVR release this year.
- Fixed the property transfer tax note: the $860,000 exemption cut-off sits below the composite benchmark, not below the condo benchmark.
- Added January to September history.
| Month | Composite benchmark | Detached benchmark | Metro Vancouver sales | Notes |
|---|---|---|---|---|
| September 2026 | $1,075,900−5.5% | — | 1,717−8.4% | Down 0.6% from August, the fourth month in a row the composite has slipped. |
| August 2026 | $1,081,900−5.6% | $1,799,400−7.2% | 1,869−4.6% | — |
| July 2026 | $1,088,800−6.2% | $1,822,900 | 2,061−9.8% | — |
| June 2026 | $1,099,100−6.0% | $1,842,900−7.1% | 2,390+9.6% | The first annual rise in sales of 2026. |
| May 2026 | $1,100,700−6.2% | $1,847,900−6.9% | 2,150−3.5% | — |
| April 2026 | $1,098,000−6.9% | $1,840,700−8.3% | 2,110−2.5% | — |
| March 2026 | $1,104,300−6.8% | $1,854,800−8.2% | 2,032−2.8% | — |
| February 2026 | $1,100,300−6.8% | $1,835,900−8.8% | 1,648−9.8% | — |
| January 2026 | $1,101,900−5.7% | $1,850,800−7.3% | 1,107−28.5% | — |
Each month links to its archived report. Percentages under each figure are the change from the same month a year earlier. A dash means the board did not state that figure in a form we could read, and we do not fill it in. Both prices are MLS Home Price Index benchmarks for Metro Vancouver, not averages. The September detached figure was not available when this was written. Source: Greater Vancouver Realtors, monthly releases.
Sources
Every figure on this page, and where it came from.
Prices come from Vancouver's own board on the month named above. Vacancy is CMHC's, and the tax figures are calculated from the published rates and brackets rather than quoted from a listing. Where a board publishes its release on the open web but we do not hold the link, the release is cited by name.
- Prices and twelve month changeGreater Vancouver Realtors, September 2026
- VacancyCMHC Rental Market Report, October 2025
- RentsMarket asking rents, held in our city comparison dataset
- Property tax rateCity of Vancouver: Property tax rates
- Property tax rateBC Assessment: Understanding your assessment
- Tax on closingBritish Columbia land transfer tax
Other housing market reports
The rest of the markets we track, most expensive first.
Victoria Market Report
VREB, September 2026 Core HPI / July Greater Victoria SF
Toronto Market Report
TRREB, September 2026
Montreal Market Report
APCIQ, September 2026
Ottawa Market Report
OREB, September 2026
Calgary Market Report
CREB, September 2026
Halifax Market Report
NSAR Halifax–Dartmouth MLS HPI, September 2026
Winnipeg Market Report
Winnipeg Regional Real Estate Board, July 2026
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