Key Takeaways
- Just over a quarter of Greater Vancouver's active listings ask under $750,000, with condos and townhouses making up most of that inventory.
- One-bedroom homes carry a median asking price of $549,000; two-bedroom homes sit at $779,000.
- Borrowing costs remain a factor: the Bank of Canada's policy rate stands at 2.25 percent as of early October, and most buyers negotiate below the posted five-year rate.
- Detached houses dominate the upper price bands, while apartments account for nearly half of all listings.
- Knowing what you can realistically reach — and what trade-offs each home type brings — shapes the search before you start looking.
What the Listings Look Like by Price
Greater Vancouver had 13,260 homes listed for sale as of mid-October. The asking prices split across a wide range, but the distribution tells you where the inventory sits.
Under $500,000, there were 1,142 listings. Between $500,000 and $749,999, another 2,747 homes were on the market. That puts just under thirty percent of the region's listings below three-quarters of a million dollars. The next band up — $750,000 to $999,999 — held 2,026 homes.
Above a million dollars, the inventory spreads more evenly. The $1,000,000 to $1,499,999 range accounted for 2,570 listings, while homes asking $1,500,000 to $1,999,999 numbered 1,879. At the top, 2,896 listings carried asking prices of $2,000,000 or more.
For a first-time buyer, the lower bands are where the search begins. What you find there depends largely on the type of home you are willing to consider.
Condos, Townhouses and What Each Offers
Condos and apartments made up the largest share of the market, with 5,791 listings — nearly forty-four percent of all homes for sale. The median asking price sat at $688,000, and these homes had been on the market a median of 48 days.
Among the 1,977 condos listed in the last thirty days, the median ask was $678,000. Most of these are one- or two-bedroom units, and they are the most common entry point for buyers working with a smaller down payment or a tighter monthly budget.
Townhouses numbered 1,715 listings, with a median asking price of $1,050,000 and a median 47 days on the market. Of the 602 townhouses listed in the last month, the median ask was $1,014,000. Townhouses offer more space than a condo — often a small yard, a second floor, sometimes a garage — but the price reflects that.
Detached houses, at 4,629 listings, carried a median asking price of $2,050,000. Among the 1,262 detached homes listed in the last thirty days, the median ask was $1,909,000. For most first-time buyers, detached homes sit well outside reach unless they are looking in the outer municipalities or considering a fixer-upper.
One Bedroom, Two Bedrooms and the Price Gap
The number of bedrooms shapes both the asking price and the pool of listings.
One-bedroom homes — almost all of them condos — totalled 2,074 listings, with a median asking price of $549,000. These are the most affordable entry point, and they suit singles, couples without children, or buyers willing to start small and move up later.
Two-bedroom homes numbered 3,684 listings, with a median asking price of $779,000. The jump from one bedroom to two is significant, but it opens the door to a bit more space, a home office, or room for a young child.
Three-bedroom homes, at 2,503 listings, carried a median asking price of $1,288,000. Four or more bedrooms — 4,554 listings — had a median ask of $1,999,894. These larger homes are mostly detached houses or larger townhouses, and they are aimed at families or buyers who have already built equity in a previous property.
What to Know Before You Start Looking
Borrowing costs matter as much as the asking price. The Bank of Canada's policy rate stood at 2.25 percent as of early October. The five-year posted rate at the major banks was 6.19 percent as of the first week of October, though most borrowers negotiate a rate below that figure.
Even a small difference in the rate you secure changes what you can afford each month, so it is worth speaking with a mortgage broker or your bank before you settle on a price range. Renanza's buyer guides walk through the steps, from pre-approval to closing.
Know what you are willing to trade off. A one-bedroom condo in Burnaby or New Westminster might cost less than a two-bedroom in Vancouver, but it also means a different commute, different amenities, and a different resale market down the line. A townhouse offers more space than a condo, but it often comes with strata fees and less flexibility on renovations.
If you are looking at condos, check the strata minutes and the depreciation report. If you are considering a townhouse, ask about upcoming special assessments. These are not glamorous questions, but they are the ones that protect you from surprises six months after you move in.
Renanza offers a free home valuation if you are trying to understand what a property is worth relative to the asking price, and our agents work across Greater Vancouver and the surrounding municipalities.
Where the Listings Sit by Municipality
Vancouver itself held 4,243 listings, with 1,435 of them listed in the last thirty days. Richmond had 1,781 homes on the market, 472 of them new in the last month. Burnaby counted 1,754 listings, with 514 listed recently.
Coquitlam had 1,101 homes for sale, 354 of them new. North Vancouver held 892 listings, 379 of them listed in the last thirty days. Maple Ridge had 801 homes on the market, 218 of them new, while Delta counted 626 listings, 177 of them recent. New Westminster had 573 homes listed, 181 of them in the last month.
Each municipality offers a different mix of home types, prices, and neighbourhoods. Burnaby, for instance, has a large share of condos near transit, while Maple Ridge skews toward detached houses and townhouses farther from the city core.
The choice is not just about what you can afford today. It is about where you want to live, how you want to spend your time, and what you are willing to give up to get there. The listings are a starting point. The rest is yours to figure out.
Sources
- Renanza Realty — Analysis of active MLS® listings (CREA DDF®) — Greater Vancouver, October 2026
- Bank of Canada — Target for the overnight rate (policy interest rate), October 2026
- Bank of Canada — Conventional mortgage, 5-year posted rate (major chartered banks), week of October 7, 2026
Data last checked: 2026-10-12
