Highlights of Dexter’s April 2026 report
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Bank of Canada keeps its rate in check
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Detached homes showed more sales
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Market conditions make for a great time to move
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Balance in the market continues
Supply Expands, Stability Holds Across Metro Vancouver
April didn’t break the trend; it carried it forward. It acted like a spring market in its own way. While not the volume of sales we are used to in Metro Vancouver, it carried forward from March and previous months to make April the best month for sales since the fall.
After two months of accelerating momentum, the Metro Vancouver market moved into a more measured phase in April. Sales continued to rise, inventory expanded more meaningfully, and the overall market shifted slightly back toward buyer-leaning conditions in some areas. Detached homes showed a great improvement in sales, up 14% compared to April last year while town homes and condos were down. The increase in supply helped move more sales forward.
Total residential sales in Greater Vancouver reached 2,110 units in April, up 4% from March and 28% from February. The pace of growth has slowed compared to earlier in the year, but that’s expected as the market moves out of recovery mode and into a more stable operating range.
Greater Vancouver sales in April were 23% below the 10-year average after March was 32% below the 10-year average, February at 29% below the 10-year average and January at 31% below the 10-year average. April proved better not just in overall sales numbers but trending towards the average. These are signs of better buyer engagement, and an increase in listing choice.
The month-over-month gains were especially strong in Burnaby East (+25%), West Vancouver (+11%), Richmond (+17%), Vancouver East Side (+12%), New Westminster (+13%), and Port Coquitlam (+13%). Burnaby East in particular stands out with a robust 49% sales-to-listings ratio, the highest in the region.
Several communities posted meaningful year-over-year gains, a particularly encouraging sign given that 2025 was hoped to be a recovery year while continued uncertainty had other plans for 2025 and 2026. West Vancouver led with a striking 34% increase in units sold versus April 2025, followed by Ladner (+106%), Richmond (+15%), Vancouver East Side (+7%), Pitt Meadows (+11%), and Port Moody (+6%). These gains reflect genuine demand strength in these communities and bode well for the months ahead.
At the same time, inventory growth stepped up. Active listings climbed to 16,236, up 10% month-over-month and essentially flat year-over-year. Several submarkets have seen active listings decline compared to last year: Vancouver Westside is down 12%, Burnaby East down 14%, Burnaby North down 8%, and West Vancouver down 6%. These inventory reductions, combined with improving sales, point to tightening conditions that could support price stability in those areas.
New listings rose to 6,817, a 15% increase from March and a substantial 55% above April 2023 levels. Sellers are clearly engaging in the market in greater numbers again.
The number of new listings in April were 15% above the 10-year average after March was 5% above the 10-year average, February was 7% above the 10-year average, and January 19% above the 10-year. April typically shows growth in listing inventory after a month of spring breaks and Easter Holidays.
That increase in supply had a predictable effect on market balance. Months of supply edged up from 7 to 8 months, and the sales-to-listings ratio eased slightly to 31%. This places the region just into buyer’s market territory, but only marginally and certainly not universally for all home types and neighborhoods.
A Market Absorbing Growth
The key point: demand is keeping pace, but in April it didn’t outpace supply.
The increase in listings isn’t overwhelming the market, it’s being met with steady, consistent buyer activity. That’s why sales continue to rise even as inventory expands. What we’re seeing is not a pullback. It’s normalization. Buyers have more choice. Sellers face more competition. Transactions continue, but with greater balance and less urgency than in previous years. Although anecdotally, there has been an increase in multiple offers in some areas and product types as buyers are starting to focus more, taking advantage of the conditions that favour them.
City of Vancouver: Stable, Competitive, and Balanced
Vancouver Westside
The Westside held steady in April. Sales were essentially unchanged month-over-month, while inventory increased and months of supply ticked up to 8 months. Despite this, the market remains highly functional. The sales-to-listings ratio at 30% reflects consistent absorption, even as new listings rise. Notably, inventory remains below last year’s levels, reinforcing that supply is still being managed effectively.
This is a market adjusting, not weakening.
Vancouver East Side
The East Side continues to demonstrate resilience. Sales rose 12% from March and are now above last year’s levels. Months of supply stayed steady at 7 months, maintaining balanced conditions. While inventory increased, demand followed. This remains one of the most stable submarkets in the region, supported by strong end-user demand and relative affordability.
North Shore
North Vancouver recorded 178 sales, down from March but up 32% from February and maintaining balanced market conditions with 6 months of supply. West Vancouver delivered one of the most impressive year-over-year performances anywhere in the region — 51 sales, up 34% versus April 2025 and up 55% versus February. The sales-to-listings ratio of 21% has improved significantly from 14% in April 2025, and active listings have contracted 6% year-over-year.
Richmond
Richmond's spring rebound is one of the standout stories of April. With 245 sales, the city posted gains of 17% versus March and 15% versus April 2025. The month's supply of 8 (down from 9 months in March) reflects improving absorption, and the 35% sales-to-listings ratio is the highest in several months. The 71% surge in sales from February could be the start of a sustained upswing.
Burnaby
Burnaby's three sub-areas presented a largely positive picture. Burnaby East's 49% sales-to-listings ratio and 6-month supply (balanced market) underscore strong localized demand, with sales up 25% both month-over-month and year-over-year. Burnaby North's 135 sales and 38% sales-to-listings ratio represent steady performance, while Burnaby South, with 92 sales, continues to see healthy new listing activity that is expanding buyer choice.
New Westminster
New Westminster remains steady. Sales increased modestly, and months of supply held at 7 months. This market continues to operate within a narrow, stable range—an indicator of strong underlying fundamentals.
Trice Cities and Beyond
Coquitlam (183 sales), Port Moody (54 sales), and Port Coquitlam (60 sales) all maintained balanced market conditions. Port Moody's 6% year-over-year gain in sales is a positive note. Pitt Meadows remains one of the tightest markets in the region, with a 41% sales-to-listings ratio and just 5 months of supply, conditions that favour sellers. Maple Ridge's 15% surge in new listings versus March signals a healthy influx of inventory entering its spring market.
Delta Markets
Ladner was the standout performer year-over-year in this area, with sales more than doubling (+106%) versus April 2025. The 43% sales-to-listings ratio and 6 months of supply reflect balanced, active conditions. Tsawwassen's month's supply improved to 9 months from 10, with sales up 13% from March, a constructive trend. Both communities benefit from relative affordability compared to Vancouver proper.
Fraser Valley Shows Strength in the Valley
The Fraser Valley market showed more strength than Greater Vancouver with sales ahead of both March this year and April last year. And while supply remained at relatively similar levels for the activity, the increase in listings still saw the Fraser Valley sit with 9 months’ supply of listings. Sales were up 11% over March and 7% over April of last year. There were 1,118 sales in April compared to 1,007 in March and 1,043 in April 2025. Detached sales were up the most in April year-over-year with 25% more homes sold, compared to townhomes up 4% and apartments down 14% to last year. That kind of improvement in detached home sales shows confidence in the market that we haven’t seen in some time.
The Big Picture: Supply Leading, Demand Following
April introduces a subtle but important shift in the market dynamic: Supply is now leading the conversation.
After months of demand-driven recovery, the increase in listings is beginning to shape conditions more directly. But unlike past cycles, this shift is not creating instability. Instead, it’s reinforcing balance.
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Sales are still rising
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Inventory is expanding
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Absorption remains steady
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Market conditions are adjusting gradually—not abruptly
This is a sign of a market that wants to move forward.
With interest rates remaining stable, affordability pressures gradually easing, and continued pent-up demand across Metro Vancouver, the foundation for continued market activity through spring and summer remains constructive and opportunistic. Buyers benefit from the expanded inventory and balanced conditions in most communities, while sellers in tighter submarkets, particularly North Vancouver, Burnaby, Tri-Cites, and Pitt Meadows, remain in a more favourable position.
Overall, April 2026 reinforced the narrative of a real estate market returning to health: active, improving, and full of opportunity across Metro Vancouver's diverse communities.
Here’s a summary of the numbers:
Greater Vancouver: Total Units Sold in April were 2,110, up from 2,032 (4%) in March, up from 1,648 (28%) in February, down from 2,163 (2%) in April 2025, down from 2,831 (25%) in April 2024, and down from 2,741 (23%) in April 2023; Active Listings were at 16,236 at month end compared to 16,207 at that time last year (basically flat) and 14,774 at the end of March (up 10%); the 6,817 New Listings in April were up 15% compared to March, up 41% compared to February, down 2% compared to April 2025, down 6% compared to April 2024 and up 55% compared to April 2023. Month’s supply of total residential listings is up to 8 months from 7 (buyer’s market conditions) and sales to listings ratio of 31% compared to 34% in March, 34% in February, 31% in April 2025, 39% in April 2024 and 62% in April 2023.
Vancouver Westside: Total Units Sold in April were 365, down from 367 (1%) in March, up from 298 (22%) in February, down from 427 (15%) in April 2025, down from 471 (23%) in April 2024, and down from 468 (22%) in April 2023; Active Listings were at 2,921 at month end compared to 3,306 at that time last year (down 12%) and 2,676 at the end of March (up 9%); the 1,234 New Listings in April were up 16% compared to March, up 42% compared to February, down 6% compared to April 2025, down 18% compared to April 2024 and up 47% compared to April 2023. Month’s supply of total residential listings is up to 8 months from 7 (buyer’s market conditions) and sales to listings ratio of 30% compared to 34% in March, 34% in February, 33% in April 2025, 31% in April 2024 and 56% in April 2023.
Vancouver East Side: Total Units Sold in April were 258, up from 231 (12%) in March, up from 220 (17%) in February, up from 242 (7%) in April 2025, down from 349 (26%) in April 2024, and down from 267 (3%) in April 2023; Active Listings were at 1,719 at month end compared to 1,658 at that time last year (up 4%) and 1,530 at the end of March (up 12%); the 848 New Listings in April were up 25% compared to March, up 62% compared to February, up 16% compared to April 2025, down 1% compared to April 2024 and up 76% compared to April 2023. Month’s supply of total residential listings is steady at 7 months (balanced market conditions) and sales to listings ratio of 30% compared to 34% in March, 42% in February, 33% in April 2025, 41% in April 2024 and 55% in April 2023.
North Vancouver: Total Units Sold in April were 178, down from 185 (4%) in March, up from 135 (32%) in February, down from 204 (13%) in April 2025, down from 248 (28%) in April 2024, and down from 218 (18%) in April 2023; Active Listings were at 1,089 at month end compared to 1,016 at that time last year (up 7%) and 939 at the end of March (up 16%); the 589 New Listings in April were up 18% compared to March, up 47% compared to February, down 7% compared to April 2025, down 2% compared to April 2024 and up 77% compared to April 2023. Month’s supply of total residential listings is up to 6 months from 5 (balanced market conditions) and sales to listings ratio of 30% compared to 37% in March, 34% in February, 32% in April 2025, 41% in April 2024 and 66% in April 2023.
West Vancouver: Total Units Sold in April were 51, up from 46 (11%) in March, up from 33 (55%) in February, up from 38 (34%) in April 2025, down from 70 (27%) in April 2024, and down from 69 (26%) in April 2023; Active Listings were at 675 at month end compared to 718 at that time last year (down 6%) and 636 at the end of March (up 6%); the 248 New Listings in April were up 16% compared to March, up 56% compared to February, down 11% compared to April 2025, down 16% compared to April 2024 and up 35% compared to April 2023. Month’s supply of total residential listings is down to 13 months from 14 (buyer’s market conditions) and sales to listings ratio of 21% compared to 21% in March, 21% in February, 14% in April 2025, 24% in April 2024 and 38% in April 2023.
Richmond: Total Units Sold in April were 245, up from 209 (17%) in March, up from 143 (71%) in February, up from 213 (15%) in April 2025, down from 336 (27%) in April 2024, and down from 338 (28%) in April 2023; Active Listings were at 1,975 at month end compared to 1,908 at that time last year (up 4%) and 1,891 up at the end of March (up 4%); the 709 New Listings in April were up 4% compared to March, up 38% compared to February, down 4% compared to April 2025, down 8% compared to April 2024 and up 40% compared to April 2023. Month’s supply of total residential listings is down to 8 months from 9 (buyer’s market conditions) and sales to listings ratio of 35% compared to 31% in March, 28% in February, 29% in April 2025, 44% in April 2024 and 67% in April 2023.
Burnaby East: Total Units Sold in April were 30, up from 24 (25%) in March, up from 19 (58%) in February, up from 24 (25%) in April 2025, the same as April 2024, and down from 34 (12%) in April 2023; Active Listings were at 172 at month end compared to 201 at that time last year (down 14%) and 182 at the end of March (down 5%); the 61 New Listings in April were down 23% compared to March, down 12% compared to February, down 30% compared to April 2025, down 8% compared to April 2024 and up 45% compared to April 2023. Month’s supply of total residential listings is down to 6 months from 8 (balanced market conditions) and sales to listings ratio of 49% compared to 30% in March, 28% in February, 28% in April 2025, 45% in April 2024 and 81% in April 2023.
Burnaby North: Total Units Sold in April were 135, up from 118 (14%) in March, up from 97 (39%) in February, down from 140 (4%) in April 2025, down from 162 (17%) in April 2024, and down from 176 (23%) in April 2023; Active Listings were at 869 at month end compared to 940 at that time last year (down 8%) and 830 at the end of March (up 5%); the 360 New Listings in April were up 2% compared to March, up 27% compared to February, down 11% compared to April 2025, down 23% compared to April 2024 and up 36% compared to April 2023. Month’s supply of total residential listings is down to 6 months from 7 (balanced market conditions) and sales to listings ratio of 38% compared to 33% in March, 34% in February, 35% in April 2025, 35% in April 2024 and 67% in April 2023.
Burnaby South: Total Units Sold in April were 92, down from 95 (3%) in March, up from 85 (8%) in February, down from 97 (5%) in April 2025, down from 143 (36%) in April 2024, and down from 215 (57%) in April 2023; Active Listings were at 821 at month end compared to 754 at that time last year (up 9%) and 722 at the end of March (up 14%); the 340 New Listings in April were up 17% compared to March, up 16% compared to February, up 5% compared to April 2025, up 4% compared to April 2024 and up 27% compared to April 2023. Month’s supply of total residential listings is up to 9 months from 8 (buyer’s market conditions) and sales to listings ratio of 27% compared to 33% in March, 40% in February, 30% in April 2025, 44% in April 2024 and 81% in April 2023.
New Westminster: Total Units Sold in April were 86, up from 76 (13%) in March, up from 76 (13%) in February, down from 87 (1%) in April 2025, down from 105 (18%) in April 2024, and down from 113 (24%) in April 2023; Active Listings were at 635 at month end compared to 582 at that time last year (up 9%) and 567 at the end of March (up 12%); the 6,817 New Listings in April were up 31% compared to March, up 31% compared to February, up 7% compared to April 2025, up 20% compared to April 2024 and up 84% compared to April 2023. Month’s supply of total residential listings is steady at 7 months (balanced market conditions) and sales to listings ratio of 29% compared to 33% in March, 33% in February, 31% in April 2025, 42% in April 2024 and 70% in April 2023.
Coquitlam: Total Units Sold in April were 183, down from 190 (4%) in March, up from 163 (12%) in February, down from 189 (3%) in April 2025, down from 238 (23%) in April 2024, and down from 210 (13%) in April 2023; Active Listings were at 1,331 at month end compared to 1,325 at that time last year (flat to last year) and 1,212 at the end of March (up 10%); the 602 New Listings in April were up 16% compared to March, up 44% compared to February, down 4% compared to April 2025, up 10% compared to April 2024 and up 78% compared to April 2023. Month’s supply of total residential listings is up to 7 months from 6 (balanced market conditions) and sales to listings ratio of 30% compared to 36% in March, 39% in February, 30% in April 2025, 43% in April 2024 and 62% in April 2023.
Port Moody: Total Units Sold in April were 54, down from 58 (7%) in March, up from 36 (50%) in February, down from 51 (6%) in April 2025, down from 73 (26%) in April 2024, and down from 91 (41%) in April 2023; Active Listings were at 371 at month end compared to 343 at that time last year (up 8%) and 343 at the end of March (up 8%); the 169 New Listings in April were down 2% compared to March, up 25% compared to February, down 8% compared to April 2025, up 5% compared to April 2024 and up 69% compared to April 2023. Month’s supply of total residential listings is up to 7 months from 6 (balanced market conditions) and sales to listings ratio of 32% compared to 34% in March, 27% in February, 28% in April 2025, 45% in April 2024 and 91% in April 2023.
Port Coquitlam: Total Units Sold in April were 60, up from 53 (13%) in March, up from 46 (30%) in February, down from 70 (14%) in April 2025, down from 102 (41%) in April 2024, and down from 76 (21%) in April 2023; Active Listings were at 421 at month end compared to 353 at that time last year (up 19%) and 354 at the end of March (up 19%); the 207 New Listings in April were up 15% compared to March, up 107% compared to February, up 5% compared to April 2025, up 9% compared to April 2024 and up 165% compared to April 2023. Month’s supply of total residential listings is steady at 7 months (balanced market conditions) and sales to listings ratio of 29% compared to 29% in March, 46% in February, 36% in April 2025, 54% in April 2024 and 97% in April 2023.
Pitt Meadows: Total Units Sold in April were 30, down from 31 (3%) in March, up from 13 (131%) in February, up from 27 (11%) in April 2025, down from 32 (6%) in April 2024, and up from 27 (11%) in April 2023; Active Listings were at 153 at month end compared to 122 at that time last year (up 25%) and 142 at the end of March (up 8%); the 72 New Listings in April were down 6% compared to March, up 4% compared to February, up 16% compared to April 2025, up 26% compared to April 2024 and up 33% compared to April 2023. Month’s supply of total residential listings is steady at 5 months (balanced market conditions) and sales to listings ratio of 41% compared to 40% in March, 18% in February, 43% in April 2025, 56% in April 2024 and 50% in April 2023.
Maple Ridge: Total Units Sold in April were 117, down from 126 (7%) in March, up from 105 (11%) in February, down from 127 (8%) in April 2025, down from 191 (39%) in April 2024, and down from 161 (27%) in April 2023; Active Listings were at 937 at month end compared to 920 at that time last year (up 1%) and 814 at the end of March (up 15%); the 390 New Listings in April were up 27% compared to March, up 40% compared to February, up 2% compared to April 2025, down 11% compared to April 2024 and up 52% compared to April 2023. Month’s supply of total residential listings is up to 8 months from 6 (buyer’s market conditions) and sales to listings ratio of 30% compared to 41% in March, 37% in February, 33% in April 2025, 43% in April 2024 and 62% in April 2023.
Ladner: Total Units Sold in April were 33, down from 35 (6%) in March, up from 26 (27%) in February, up from 16 (106%) in April 2025, the same as April 2024, and down from 43 (23%) in April 2023; Active Listings were at 188 at month end compared to 178 at this time last year (up 6%) and 168 at the end of March (up 12%); the 77 New Listings in April were up 1% compared to March, up 28% compared to February, the same as April 2025, down 3% compared to April 2024 and up 33% compared to April 2023. Month’s supply of total residential listings is up to 6 months from 5 (balanced market conditions) and sales to listings ratio of 43% compared to 46% in March, 43% in February, 21% in April 2025, 42% in April 2024 and 74% in April 2023.
Tsawwassen: Total Units Sold in April were 34, up from 30 (13%) in March, up from 27 (26%) in February, down from 40 (15%) in April 2025, down from 51 (33%) in April 2024, and down from 54 (37%) in April 2023; Active Listings were at 317 at month end compared to 306 at that time last year (up 4%) and 297 at the end of March (up 7%); the 109 New Listings in April were up 24% compared to March, up 11% compared to February, down 13% compared to April 2025, up 2% compared to April 2024 and up 47% compared to April 2023. Month’s supply of total residential listings is down to 9 months from 10 (buyer’s market conditions) and sales to listings ratio of 31% compared to 34% in March, 28% in February, 32% in April 2025, 48% in April 2024 and 73% in April 2023.
Fraser Valley: Sales in April were up 11% at 1,118 compared to March at 1,007 and were up 7% from April 2025 at 1,043. New listings were up 6% at 3,549 from March at 3,341 and down 6% from April 2025 at 3,762. The average price of $975,305 was down 0.8% month-over-month and was up 1.4% year-over-year. Active listings at 9,816 were down 2% compared to last month at 10,046 and up 7% from April 2025 at 9,201. Month’s supply of total residential listings is steady at 9 months (buyer’s market conditions).
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