Vancouver’s housing market remains sluggish, with weak demand and affordability challenges keeping activity at historically low levels. Home sales declined another 4% MoM in March, reflecting ongoing buyer hesitation and reduced confidence. Prices continue to fall, with the MLS HPI down 6.8% yearly, marking the fastest decline since 2023. New listings have decreased 10% yearly, slowing the pace of inventory growth after a sharp rise in late 2025. Inventory is now stabilizing, but a meaningful price recovery likely depends on stronger resale activity later in 2026.