May 2026 North Shore Real Estate Market Update

Written by • May 7, 2026









Greater Vancouver and the North Shore: January market at a glance.






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Detaching From The Trend

April’s numbers were released on Monday and showed a few things that we find interesting.  The detached or “single-family” market has been relatively strong in North Vancouver recently.  This seems to be spreading to other areas, enough so to be noticeable in the regional totals for April.  While prices are still down across the region, they ticked up in North Vancouver yet again.  We are watching listing inventory and sales numbers closely to see if this trend continues, spreads or fizzles.  

Metro Vancouver – Market Snapshot

  • Sales: 2,110 in April 2026, down 2.5% year over year and 22.9% below the 10-year seasonal average.
  • New Listings: 6,684, down 2.4% year over year but 15.5% above the 10-year seasonal average.
  • Total Active Listings: 16,236, up 0.2% year over year and 37.9% above the 10-year seasonal average.
  • Sales-to-Active Ratio: 13.5% overall (Detached 11.3% | Attached 15% | Apartment 14.7%).
  • Composite Benchmark Price: $1,098,000, down 6.9% vs April 2025 and down 0.6% vs March 2026.

Takeaway: It is broadly still a buyer’s market and they remain in the driver’s seat for negotiations on condos and any property that has major drawbacks.  But this hides the fact that we are witnessing the return of multiple offer situations on highly desirable homes for the first time in a few years.  

📍 North Vancouver Market Snapshot

Sales numbers in North Vancouver are tracking along seasonal patterns.  Prices for all property types are now up for two months in a row.  

Property Type Benchmark Price YoY MoM
Detached $2,129,900 ↓ 2.8% ↑ 0.7%
Townhouse $1,255,800 ↓ 3.9% ↑ 1.4%
Condo $779,700 ↓ 4.0% ↑ 0.6%

📍 West Vancouver Market Snapshot

Detached houses in West Vancouver experienced a good number of sales in April (38), but that was only due to further discounting of prices by sellers.  Condos in West Van continue to be pressured by weak demand and high inventory numbers.  

Property Type Benchmark Price YoY MoM
Detached $2,935,900 ↓ 13.6% ↓ 7.2%
Condo $1,111,400 ↓ 15% ↓ 8.5%

Read The Greater Vancouver Realtors Report

Curious how these changes affect your buying or selling plans?
We are happy to chat. Just reply to this email or give us a call.

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Market Stats (Greater Vancouver Aggregates)



$1,933,600
Sale Price Avg.
 
5,965
Inventory

 

661
Sales
 
18
DOM Avg.
 
96%
List Price vs. Sales Price



$1,084,600
Sale Price Avg.
 
2,091
Inventory

 

335
Sales
 
16
DOM Avg.
 
98%
List Price vs. Sales Price



$759,900
Sale Price Avg.
 
6,765
Inventory

 

1017
Sales
 
21
DOM Avg.
 
97%
List Price vs. Sales Price

Royal LePage Insight

While it’s not always the case, there have been periods where the detached
segment has acted as a bellwether of market sentiment, and it’s a question whether
this time around this might be the case.

Prices across all segments remain relatively flat month
over month as inventory levels remain sufficient to keep price escalation at bay. But
with the detached segment picking up steam heading into the full swing of spring, it
may only be a matter of time until the multi-family segments follow suit, which would
slowly draw down standing inventory levels unless a surge of sellers come to market
with their properties.

Read The Royal LePage Report

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Getting Ready For Spring

As seen in the Neighbours of Lynn Valley Magazine

The spring real estate market is the Super Bowl for realtors and their buyer and seller clients. April and May consistently see far more listings and sales than any other months. Weather, the school calendar, and vacation planning are usually cited as the main drivers. Over time, this pattern becomes self‑fulfilling as sellers aim for the period when the largest pool of buyers is likely to be active.

We expect 2026 to follow the same rhythm. The real question—likely for you as well—is how strong those listing and sales numbers will be. 2025 fell short of expectations: sales were down despite higher‑than‑normal listing volume, and that leftover inventory has continued to weigh on prices.
We’re watching inventory and sales closely to see whether last year’s conditions might repeat or whether this spring will offer a more favourable environment for sellers.

Read the entire article on our blog!
 

Your Trusted Real Estate Resource


Iain Edmonds

Iain Edmonds
604.925.5111
Matthew Stiles

Matthew Stiles
778.227.3507
Madison Lennox

Madison Lennox
604.849.2717

Whether you’re thinking about buying, selling, or just keeping an eye on the market in Vancouver, the North Shore, or anywhere in Canada, we’re here to support you every step of the way. The real estate landscape is shifting quickly, and we’re committed to providing clear, expert guidance so you can make confident decisions.

If you know someone who’s considering a move or could use some honest advice about the current market, we’d love to help. Referrals mean the world to us—and we’re always grateful when you send great people our way!

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Market insights are compiled using data from the Royal LePage Monthly Market Report and the Greater Vancouver Realtors statistics release.



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