State of BC Real Estate: October 2026

Market notes

• Fraser Valley sales rose on the month, led by detached homes

  The board recorded 1,051 sales in October, 14.0% more than September and 6.4% fewer than October 2025. Detached homes carried the month. Detached sales were 384, up 13.9% on September and 1.6% on the year. Townhouse sales were 258, down 17.6% on the year. Apartment sales were 238, down 20.1%. Board chair Ishaq Ismail tied the detached strength to price: "The substantial price correction appears to be bringing detached homes within reach for more buyers." Year to date the board has recorded 9,765 sales, 5.8% fewer than the same stretch of 2025.

• Fewer sellers, and less to choose from

  New listings fell 9.5% from September to 2,551, and were 14.0% below October 2025. Year to date the board has taken 29,949 new listings against 34,404 in 2025, a 12.9% decline. Active listings fell 6.1% on the month to 9,164, down 9.5% on the year. All three home types had fewer active listings than a year ago. Detached were 2,994 (down 15.8%), townhouse 1,502 (down 12.8%) and apartment 2,060 (down 16.6%).

• Langley townhouses went the other way

  Langley townhouse sales rose 7.0% on the year to 76, and 24.6% on September, while the board's townhouse sales fell 17.6%. Langley detached sales fell 25.3% to 59 and apartment sales 20.0% to 60. Across those three types Langley recorded 195 sales, against 225 a year earlier. Its active listings in those types fell to 1,098, from 1,366. That puts Langley's sales at about 17.8% of active listings, by our arithmetic. The same sum across the whole board gives about 13.4%. In Langley the detached benchmark is $1,448,100 (down 6.5% on the year), townhouses $800,600 (down 3.7%) and apartments $522,300 (down 8.4%). Over three years Langley's composite is down 10.4%, the second-smallest decline in the board's table after Cloverdale's 9.6%.

• Greater Vancouver: buyers and sellers both stepped back

  Sales of 2,024 were 10.2% below October 2025 and 22.5% below the 10-year seasonal average of 2,612. Apartment sales fell 16.7% to 892. Detached sales fell 7.2% to 643 and attached sales 1.9% to 468. New listings of 4,805 were down 11.6% on the year and 1% above the seasonal average. Chief economist Andrew Lis named "a somewhat surprising Bank of Canada rate hike and a snap provincial election" among the month's distractions. He said it was "not entirely surprising that market participants took a step back in October to recalibrate." Inventory of 15,688 was down 4.3% on the year and 24% above the seasonal average.

• Prices by home type

  In the Fraser Valley the detached benchmark is $1,293,800, down 0.5% on the month and 8.5% on the year. The townhome benchmark is $742,300, down 0.4% and 5.5%. The apartment benchmark is $460,800, down 0.2% and 8.1%. Detached homes took an average of 50 days to sell, condos 44 and townhomes 37. The board's chief executive, Rock Lefebvre, said "Much of the pandemic-era price growth in the Fraser Valley has been erased." In Greater Vancouver the detached benchmark is $1,775,200, down 0.5% on the month and 7% on the year. The townhouse benchmark is $1,006,500, down 1% and 5.5%. The apartment benchmark is $673,400, down 1.3% and 5.9%.

• What is still true

  The Fraser Valley board describes a buyer's market, with a sales-to-active ratio of 11%. A balanced market is typically a ratio between 12% and 20%. Its own counts, 1,051 sales on 9,164 active listings, divide to 11.5%. Greater Vancouver publishes 13.4% across detached, attached and apartment homes: 11.6% for detached, 16.5% for attached and 13.5% for apartments. Its headline counts, 2,024 sales on 15,688 active, divide to 12.9%. That board treats a sustained reading below 12% as downward pressure on prices and one above 20% as upward pressure. Prices fell on the month in every segment on both boards. Volume counts are quoted as the boards report them, and each groups property types slightly differently.

• Where these numbers come from

  Every figure in this snapshot is drawn from the October 2026 statistics releases published by Greater Vancouver REALTORS on November 2 and the Fraser Valley Real Estate Board on November 3, 2026. Benchmark prices are MLS® Home Price Index values. Sales and listing counts are quoted as the boards report them; each board groups property types slightly differently, so counts from other sources will not always align exactly.

Implications by audience

• For buyers

  Prices kept easing in October, and borrowing costs moved the other way. Every benchmark by home type fell on the month on both boards, and Fraser Valley detached is 8.5% below last year. Both boards' leaders pointed to higher interest rates as the offset. The mortgage stress test still qualifies you at your contract rate plus two percentage points, or 5.25%, whichever is higher. A higher contract rate raises that qualifying rate too. Choice narrowed on the month: Fraser Valley active listings fell 6.1%, though inventory in Greater Vancouver is still 24% above its seasonal norm.

• For sellers

  Detached homes are selling, and attached homes are slower. Fraser Valley detached sales were up 1.6% on the year, while townhouse and apartment sales fell 17.6% and 20.1%. A Fraser Valley detached home took about 50 days to sell, a townhome 37. Competing listings are fewer than a year ago, down 9.5% in the Fraser Valley. Prices fell on the month in every segment on both boards. Pricing to the current benchmark rather than last year's shapes the outcome.

Related

• BC Real Estate Codex: every fact cited above with full provenance
• Cross-fact Codex changelog
• Vancouver Special Index: Lower Mainland affordability
• Monthly board market reports (Fraser Valley and Greater Vancouver)
• All state-of-market reports

Cite this report: Bronson Job (2026). State of BC Real Estate: October 2026. https://www.bronsonjob.com/reports/state-of-bc-real-estate-october-2026.