Highlights of Dexter’s September 2026 report
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New listings surged 41% over August
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Active listings grew to 16,394, expanding buyer choice across submarkets
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Detached sales rose above
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Typical seasonal adjustment for activity in September
Metro Vancouver's September Listing Surge
September brought a shift to Greater Vancouver's housing market with a wave of sellers coming to the market. New listings jumped 41% over August to reach 5,947, the strongest month-over-month increase of the year as homeowners moved decisively to bring their properties to market ahead of fall. Although, some of these listings would be sellers coming back after adjusting from previous prices, in hope of attracting buyers that may be finally ready to take advantage of this market that favours the buyer.
That surge in supply, combined with a more typical seasonal pace of 1,717 sales, pushed months of supply up to 10 from 8 and moved the region into firmer buyer's market territory, giving purchasers the deepest selection they've seen since July. But don’t let this number fool you, as September is always the quiet before the fall market truly begins as people resume work and school after the summer holidays. The first few weeks of September reflect the quiet of latter August, with sales picking up steam as September moved through the last half.
While the headline sales-to-listings ratio eased to 29% from August's exceptional 45%, that comparison is somewhat misleading on its own: August's ratio was unusually tight, driven by a seasonal lull in new listings, and September's reading of 29% is essentially in line with typical September conditions and actually slightly ahead of September 2025's 28%. What's genuinely noteworthy is the scale of more inventory arriving, active listings rose 4% over August to 16,394, giving buyers meaningfully more to choose from as they return from summer and begin fall house-hunting in earnest.
While Greater Vancouver's 1,717 September sales reflect the expected post-summer rhythm, down a modest 8% from August and 8% down from September 2025, they aren’t the lowest we’ve seen for the month of September in recent years. In September 2022, sales came in just below at 1,701 while September 2018 saw a tepid 1,634 sales that month. It’s a month of resetting, so October will be a better bellwether for the fall market. The real story of September was the performance of the detached market which saw sales up 4% year-over-year and up 3% from August. A reversal from what the market overall experienced. Anecdotally, multiple offers were occurring as price compression made detached homes more attractive to buyers, and with an 8% decline in active listings from last year, buyers had less choice.
It was a different story for the condo market which saw sales decline 18% year-over-year and decline 13% month-over-month. The hidden story may be that buyers are taking advantage of the larger number of newly built condos available that typically don’t show up on the MLS®. Townhouse sales were flat year-over-year while down 13% from August.
Greater Vancouver sales in September were 25% below the 10-year average, after August was 21% below the 10-year average, July was 19% below the 10-year average, June was 12% below the 10-year average, May was 27% below the 10-year average, April was 23% below the 10-year average, and March at 32% below the 10-year average. September continued to see shocks from global and local politics, together with rising inflation due to oil shocks is weighing on buyers’ minds. The Bank of Canada is treading carefully due to these shocks, and it will be a consideration for upcoming policy meetings for setting their rate. October 28th is the next announcement, with much that could influence before then. As we’ve seen, changes can happen quickly, including easing global tensions which would bring some relief if that were to happen. The provincial election on October 24th will be something to watch in terms of future policy for the real estate sector. But don’t expect any knee jerk changes – promises are just that, promises.
The number of new listings in September were 6% above the 10-year average, after August was 1.5% below the 10-year average, July was right at the 10-year average, June at 6% above the 10-year average, May at 1% above the 10-year average, April at 15% above the 10-year average and March at 5% above the 10-year average. With sellers adjusting their expectations, there were several listings that came off in August, and came back on in September at lower prices. Opportunities for buyers continue to be there in the market.
Vancouver Market Sees a Greater Abundance in Listings.
Vancouver Westside logged 306 sales alongside a substantial 45% jump in new listings compared to August, giving buyers in the city's priciest submarket considerably more to view this fall. Vancouver East Side saw an even larger 73% surge in new listings, reflecting strong seller engagement even as sales eased to a typical seasonal 183 units, a sign that sellers remain confident in the East Side's long-term fundamentals. Vancouver East detached sales were up 16% year-over-year, reflecting the competition that is happening in the market.
North Shore
West Vancouver was this month's standout, with sales climbing 15% over August and 11% over July for a third consecutive month of growth, a genuinely strong trend in the region's luxury segment. September sales were even an improvement from this same month in 2025 and 2024. Months of supply there improved to 11 from 13, continuing a multi-month tightening trend even as the broader region loosened. North Vancouver saw new listings surge 86% over August, setting up a well-stocked market for buyers heading into the final quarter of the year.
Richmond Sees Improvement
Richmond posted 226 sales, up slightly from August and up a strong 18% compared to September 2025, one of the better year-over-year comparisons in the region. New listings rose 32% over August, giving the submarket a healthy, well-supplied foundation as it moves into autumn. But with the sales-to-listings ratio rising to 37% from 27%, and active listings dropping 9%, opportunities in this area could diminish more quickly than others.
Burnaby Market is Active
Burnaby South held essentially steady with 100 sales, up 4% compared to September 2025, a sign of durable year-over-year demand even as the market cycled through its usual seasonal adjustment. Burnaby North and Burnaby East both saw healthy increases in new listings, up 18% and 9% over August respectively, expanding the selection available to buyers across the municipality.
New Westminster Steady
New Westminster recorded 76 sales, essentially matching August's pace, while new listings rose 14% month-over-month. The submarket continues to offer the kind of steady, low-volatility conditions that make it appealing for buyers and sellers planning with confidence.
Tri-Cities Brings Supply
Port Coquitlam was a highlight this month, with new listings more than doubling, up 105% over August thus giving the submarket its deepest selection in recent memory, while sales improved compared to both September 2025 and September 2024. Port Moody and Coquitlam both saw healthy double-digit gains in new listings (44% and 15% respectively over August), setting the stage for a well-stocked fall market across the Tri-Cities.
Maple Ridge & Pitt Meadows
Pitt Meadows remains the tightest market in the region, holding steady at just 4 months of supply and firmly in seller's market territory even as conditions eased elsewhere which is a testament to consistently strong demand relative to available homes. Maple Ridge saw new listings rise 28% over August, giving buyers there considerably more choice heading into the fourth quarter.
South Delta
Tsawwassen and Ladner both saw substantial increases in new listings, up 76% and 39% over August respectively as sellers in South Delta moved to take advantage of buyer activity returning after summer. While sales volumes eased in both submarkets, consistent with the broader regional pattern, the influx of fresh inventory sets up a well-supplied fall market for house-hunters in the area.
Fraser Valley Followed Similar Patterns to Greater Vancouver
The Fraser Valley market similarly showed strength in the detached market, with detached sales up month-over month in that region, although they were downs slightly year-over-year. Sales of detached homes were off 2% compared to September last year, while townhomes were down 8% and condos were down 16%. Buyers are starting to take advantage of the price declines on the detached side. Months of supply overall is up to 11, after finishing August with 10 months of supply. The detached market stayed at 10 months of supply, with the strength in sales despite a rising number of listings. New listings in September were down 18% year-over-year but up 19% over August while active listings are down 8% compared to September 2025 and marginally down from August.
Month-over-Month Comparison
The defining trend this September was supply, not demand as new listings rose 41% region-wide, far outpacing the 8% dip in sales, which is the primary driver behind the shift in months of supply and the lower sales-to-listings ratio. This is a classic early-autumn pattern as sellers who held off over summer return to the market together, and it sets up a far better-stocked environment for buyers through the rest of the fall. Submarkets like Port Coquitlam, East Vancouver, and North Vancouver saw some of the largest listing increases in the region, while West Vancouver and Richmond posted genuinely strong sales performances even against that backdrop of rising supply.
Market Outlook
Metro Vancouver enters the final quarter of 2026 with a market that is better supplied and more balanced than it has been in months, a constructive setup for both sides of the transaction. Buyers now have meaningfully more selection across nearly every submarket, while September's strong year-over-year sales in Richmond and Burnaby South, along with West Vancouver's three-month growth streak and Pitt Meadows' continued seller's market conditions, show that genuine pockets of demand remain firmly intact. As this fresh wave of September listings works its way through the market over the coming weeks, Metro Vancouver looks well-positioned for an active, well-balanced fall season.
Here’s a summary of the numbers:
Greater Vancouver: Total Units Sold in September were 1,717, down from 1,869 (8%) in August, down from 2,061 (17%) in July, down from 1,875 (8%) in September 2025, down from 1,852 (7%) in September 2024, and down from 1,926 (11%) in September 2023; Active Listings were at 16,394 at month end compared to 17,079 at that time last year (down 4%) and 15,798 at the end of August (up 4%); the 5,947 New Listings in September were up 41% compared to August, up 15% compared to July, down 11% compared to September 2025, down 6% compared to September 2024 and up 6% compared to September 2023.
Month’s supply of total residential listings is up to 10 months from 8 (buyer’s market conditions) and sales to listings ratio of 29% compared to 45% in August, 40% in July, 28% in September 2025, 30% in September 2024 and 35% in September 2023.
Vancouver Westside: Total Units Sold in September were 306, down from 349 (12%) in August, down from 362 (15%) in July, down from 316 (3%) in September 2025, down from 312 (2%) in September 2024, and down from 338 (9%) in September 2023; Active Listings were at 2,960 at month end compared to 3,188 at that time last year (down 7%) and 2,790 at the end of August (up 6%); the 1,146 New Listings in September were up 45% compared to August, up 24% compared to July, down 12% compared to September 2025, down 13% compared to September 2024 and down 2% compared to September 2023.
Month’s supply of total residential listings is up to 10 months from 8 (buyer’s market conditions) and sales to listings ratio of 27% compared to 45% in August, 40% in July, 24% in September 2025, 24% in September 2024 and 29% in September 2023.
Vancouver East Side: Total Units Sold in September were 183, down from 204 (10%) in August, down from 244 (25%) in July, down from 208 (12%) in September 2025, down from 211 (13%) in September 2024, and down from 192 (5%) in September 2023; Active Listings were at 1,738 at month end compared to 1,740 at that time last year (flat) and 1,589 at the end of August (up 9%); the 774 New Listings in September were up 73% compared to August, up 38% compared to July, down 5% compared to September 2025, down 1% compared to September 2024 and up 22% compared to September 2023.
Month’s supply of total residential listings is up to 10 months from 8 (buyer’s market conditions) and sales to listings ratio of 24% compared to 46% in August, 44% in July, 26% in September 2025, 27% in September 2024 and 31% in September 2023.
North Vancouver: Total Units Sold in September were 126, down from 138 (9%) in August, down from 153 (18%) in July, down from 159 (21%) in September 2025, down from 144 (12%) in September 2024, and down from 169 (25%) in September 2023; Active Listings were at 1,066 at month end compared to 1,072 at that time last year (down 1%) and 927 at the end of August (up 14%); the 561 New Listings in September were up 86% compared to August, up 40% compared to July, down 9% compared to September 2025, up 2% compared to September 2024 and up 15% compared to September 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 22% compared to 47% in August, 39% in July, 26% in September 2025, 27% in September 2024 and 35% in September 2023.
West Vancouver: Total Units Sold in September were 60, up from 52 (15%) in August, up from 54 (11%) in July, up from 52 (15%) in September 2025, up from 45 (33%) in September 2024, and up from 53 (13%) in September 2023; Active Listings were at 652 at month end compared to 781 at that time last year (down 17%) and 674 at the end of August (down 3%); the 181 New Listings in September were up 24% compared to August, up 11% compared to July, down 35% compared to September 2025, down 24% compared to September 2024 and up 28% compared to September 2023.
Month’s supply of total residential listings is down to 11 months from 13 (buyer’s market conditions) and sales to listings ratio of 33% compared to 36% in August, 33% in July, 19% in September 2025, 19% in September 2024 and 21% in September 2023.
Richmond: Total Units Sold in September were 226, up from 221 (2%) in August, down from 227 (0.5%) in July, up from 191 (18%) in September 2025, up from 197 (15%) in September 2024, and down from 256 (12%) in September 2023; Active Listings were at 2,003 at month end compared to 2,210 at that time last year (down 9%) and 2,005 at the end of August (up marginally); the 615 New Listings in September were up 32% compared to August, up 9% compared to July, down 14% compared to September 2025, down 2% compared to September 2024 and up 3% compared to September 2023.
Month’s supply of total residential listings is steady at 10 months (buyer’s market conditions) and sales to listings ratio of 37% compared to 48% in August, 40% in July, 27% in September 2025, 31% in September 2024 and 43% in September 2023.
Burnaby East: Total Units Sold in September were 15, down from 26 (42%) in August, down from 22 (32%) in July, down from 34 (56%) in September 2025, down from 29 (48%) in September 2024, and down from 18 (17%) in September 2023; Active Listings were at 175 at month end compared to 219 at that time last year (down 20%) and 169 at the end of August (up 4%); the 61 New Listings in September were up 9% compared to August, down 12% compared to July, down 36% compared to September 2025, down 9% compared to September 2024 and up 24% compared to September 2023.
Month’s supply of total residential listings is up to 12 months from 7 (buyer’s market conditions) and sales to listings ratio of 25% compared to 46% in August, 32% in July, 35% in September 2025, 43% in September 2024 and 37% in September 2023.
Burnaby North: Total Units Sold in September were 93, down from 106 (12%) in August, down from 135 (31%) in July, down from 137 (32%) in September 2025, down from 122 (24%) in September 2024, and down from 113 (18%) in September 2023; Active Listings were at 967 at month end compared to 908 at that time last year (up 6%) and 935 at the end of August (up 3%) the 324 New Listings in September were up 18% compared to August, up 4% compared to July, down 15% compared to September 2025, down 4% compared to September 2024 and up 7% compared to September 2023.
Month’s supply of total residential listings is up to 10 months from 9 (buyer’s market conditions) and sales to listings ratio of 29% compared to 39% in August, 43% in July, 36% in September 2025, 36% in September 2024 and 37% in September 2023.
Burnaby South: Total Units Sold in September were 100, down from 102 (2%) in August, down from 118 (15%) in July, up from 96 (4%) in September 2025, down from 114 (12%) in September 2024, and down from 126 (21%) in September 2023; Active Listings were at 837 at month end compared to 841 at that time last year (down 0.5%) and 837 at the end of August; the 275 New Listings in September were up 19% compared to August, up 9% compared to July, down 10% compared to September 2025, down 17% compared to September 2024 and down 1% compared to September 2023.
Month’s supply of total residential listings is steady at 8 months (buyer’s market conditions) and sales to listings ratio of 36% compared to 44% in August, 47% in July, 32% in September 2025, 34% in September 2024 and 45% in September 2023.
New Westminster: Total Units Sold in September were 76, down from 77 (1%) in August, down from 84 (10%) in July, down from 84 (10%) in September 2025, up from 73 (4%) in September 2024, and up from 72 (6%) in September 2023; Active Listings were at 627 at month end compared to 626 at that time last year (up 0.2%) and 624 at the end of August (up 0.4%); the 228 New Listings in September were up 14% compared to August, down 1% compared to July, down 3% compared to September 2025, down 6% compared to September 2024 and up 32% compared to September 2023.
Month’s supply of total residential listings is steady at 8 months (buyer’s market conditions) and sales to listings ratio of 33% compared to 39% in August, 36% in July, 31% in September 2025, 30% in September 2024 and 42% in September 2023.
Coquitlam: Total Units Sold in September were 141, down from 150 (6%) in August, down from 187 (25%) in July, down from 167 (16%) in September 2025, down from 155 (9%) in September 2024, and down from 170 (17%) in September 2023; Active Listings were at 1,324 at month end compared to 1,322 at that time last year (up 0.1%) and 1,295 at the end of August (up 2%); the 514 New Listings in September were up 15% compared to August, up 5% compared to July, down 10% compared to September 2025, the same compared to September 2024 and up 16% compared to September 2023.
Month’s supply of total residential listings is steady at 9 months (buyer’s market conditions) and sales to listings ratio of 27% compared to 34% in August, 38% in July, 29% in September 2025, 30% in September 2024 and 38% in September 2023.
Port Moody: Total Units Sold in September were 46, down from 50 (8%) in August, down from 57 (19%) in July, the same as September 2025, down from 61 (25%) in September 2024, and up from 44 (5%) in September 2023; Active Listings were at 376 at month end compared to 390 at that time last year (down 4%) and 364 at the end of August (up 3%); the 153 New Listings in September were up 44% compared to August, up 7% compared to July, down 20% compared to September 2025, up 7% compared to September 2024 and up 47% compared to September 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 47% in August, 40% in July, 24% in September 2025, 43% in September 2024 and 42% in September 2023.
Port Coquitlam: Total Units Sold in September were 55, down from 60 (8%) in August, down from 57 (4%) in July, up from 45 (22%) in September 2025, up from 52 (6%) in September 2024, and down from 65 (15%) in September 2023; Active Listings were at 413 at month end compared to 394 at that time last year (up 5%) and 384 at the end of August (up 8%); the 187 New Listings in September were up 105% compared to August, up 10% compared to July, up 3% compared to September 2025, up 1% compared to September 2024 and up 35% compared to September 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 29% compared to 66% in August, 34% in July, 25% in September 2025, 28% in September 2024 and 47% in September 2023.
Pitt Meadows: Total Units Sold in September were 29, down from 31 (6%) in August, up from 24 (21%) in July, up from 15 (93%) in September 2025, up from 24 (21%) in September 2024, and up from 24 (21%) in September 2023; Active Listings were at 129 at month end compared to 151 at that time last year (down 14%) and 128 at the end of August (up 1%); the 53 New Listings in September were up 71% compared to August, down 2% compared to July, up 1% compared to September 2025, down 24% compared to September 2024 and down 2% compared to September 2023.
Month’s supply of total residential listings is steady at 4 months (seller’s market conditions) and sales to listings ratio of 54% compared to 100% in August, 44% in July, 28% in September 2025, 34% in September 2024 and 44% in September 2023.
Maple Ridge: Total Units Sold in September were 78, down from 96 (19%) in August, down from 109 (28%) in July, down from 97 (20%) in September 2025, down from 114 (32%) in September 2024, and down from 108 (28%) in September 2023; Active Listings were at 903 at month end compared to 985 at that time last year (down 8%) and 889 at the end of August (up 2%); the 264 New Listings in September were up 28% compared to August, down 17% compared to July, down 19% compared to September 2025, down 23% compared to September 2024 down 27% compared to September 2023.
Month’s supply of total residential listings is up to 12 months from 9 (buyer’s market conditions) and sales to listings ratio of 29% compared to 46% in August, 34% in July, 29% in September 2025, 33% in September 2024 and 30% in September 2023.
Ladner: Total Units Sold in September were 16, down from 29 (45%) in August, down from 21 (24%) in July, down from 34 (53%) in September 2025, down from 22 (27%) in September 2024, and down from 26 (38%) in September 2023; Active Listings were at 190 at month end compared to 168 at that time last year (up 18%) and 175 at the end of August (up 9%); the 64 New Listings in September were up 39% compared to August, up 39% compared to July, down 11% compared to September 2025, down 12% compared to September 2024 and down 2% compared to September 2023.
Month’s supply of total residential listings is up to 12 months from 6 (buyer’s market conditions) and sales to listings ratio of 25% compared to 63% in August, 46% in July, 47% in September 2025, 30% in September 2024 and 40% in September 2023.
Tsawwassen: Total Units Sold in September were 32, down from 39 (18%) in August, down from 43 (26%) in July, down from 38 (16%) in September 2025, down from 34 (6%) in September 2024, and down from 42 (24%) in September 2023; Active Listings were at 309 at month end compared to 329 at that time last year (down 6%) and 291 at the end of August (up 6%); the 104 New Listings in September were up 76% compared to August, up 16% compared to July, up 2% compared to September 2025, down 30% compared to September 2024 and up 41% compared to September 2023.
Month’s supply of total residential listings is up to 10 months from 7 (buyer’s market conditions) and sales to listings ratio of 31% compared to 66% in August, 48% in July, 37% in September 2025, 43% in September 2024 and 57% in September 2023.
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