Market Update | March 2026
A gradual uptick, but the market remains cautious
“North Van: Inventory continues to build, sitting 43.5% above the 10-year average. While total volume is lower than historical norms, townhomes remain a standout performer with a 24.4% sales-to-active ratio.
West Van: A divergent trend as new listings fell 9.3% year-over-year. The district remains in a buyer-favouring rhythm with an overall sales-to-active ratio of 5.7%.
The Selective Shift: While broader activity is calm, the market is increasingly segmented. Specific pockets—specifically entry-level townhomes, well-priced duplexes, and family detached homes—are tight on inventory with active buyer subsets ready to move.”
The "headline" numbers do not tell the full story this month. The North Shore market is currently quite selective. While some price points are sitting, specific segments remain tight on inventory. We are seeing this most clearly in the "missing middle," where limited selection is meeting steady demand from buyers who have been waiting for the right opportunity.
Inventory trends diverged across the bridges this month. North Vancouver saw both new listings and total inventory rise year-over-year, providing buyers with significant choice and maintaining conditions that favour negotiation over competition. Conversely, West Vancouver experienced a modest contraction in available listings.
Overall, the February stats signal continuity. We are seeing a market gradually settling into a "new normal" characterized by a slower pace and ample opportunity for thoughtful decision-making on both sides of the transaction. The coming spring months will indicate whether buyer demand strengthens or if supply continues to exceed sales.
FEBRUARY 2026 STATS
North Vancouver
Sales: 135 (▼ 11.2%)
Active Inventory: 794 (▲ 14.6%)
Days on Market: 14 (▲ 7.7%)
Detached Price: $2,031,700 (▼ 8.5%)
Townhome Price: $1,253,800 (▼ 5.3%)
Condo Price: $768,700 (▼ 5.6%)
Absorption Rate: 17.0% (Balanced)
West Vancouver
Sales: 33 (▼ 17.5%)
Active Inventory: 582 (▼ 2.8%)
Days on Market: 30 (▲ 25.0%)
Detached Price: $2,935,900 (▼ 9.2%)
Townhome Price: n/a
Condo Price: $1,193,300 (▼ 3.8%)
Absorption Rate: 5.7% (Buyer Favouring)
About Matt Council
Matt Council is a top-performing North Vancouver Realtor and West Van specialist with a background in finance. He moves beyond the sales hype to offer clients a data-driven, pressure-free approach to buying and selling real estate on the North Shore. Whether you are evaluating a presale in Lower Lonsdale or a detached home in Lynn Valley, Matt helps you understand the numbers behind the move.
Thinking of making a move? Let’s run the numbers.