Key Takeaways
- Condos make up nearly half of the homes listed in the last month, with a median ask of $675,500 — suited to first-time buyers, investors and downsizers trading space for location.
- Detached houses account for three in ten new listings, at a median ask of $1,899,000, often from families moving up or empty-nesters looking to unlock equity.
- Townhouses represent the smallest share of new listings, at a median ask of $1,049,000, bridging the gap between condo life and a detached yard.
- Vancouver, Burnaby and Richmond lead the count of new listings, reflecting both the size of those markets and the range of property types available.
- If you're planning to sell, understanding what else is coming to market — and at what price — helps you position your home and time your listing.
Who's Listing Condos and Why
As of early November, condos and apartments make up the largest share of new listings in Greater Vancouver. Of the homes first listed in the last month, 1,612 are condos — nearly half of all new inventory. The median asking price sits at $675,500.
Condos appeal to a wide range of sellers. Some are investors who bought pre-construction years ago and are now cashing out or shifting their portfolio. Others are empty-nesters who no longer need a house and want to simplify maintenance, stay central and free up capital. A smaller group are young owners moving up to a townhouse or detached home as their household grows.
For buyers, condos remain the most accessible entry point. A one-bedroom unit carries a median ask of $549,000, while two-bedroom homes sit at $777,350. That price range, combined with proximity to transit, work and amenities, explains why condos continue to attract first-time buyers and renters alike.
If you own a condo and are thinking of selling, you're entering a market with plenty of competition. Staging matters, as does pricing that reflects both your building's age and what similar units in your neighbourhood are asking. Small updates — fresh paint, new fixtures, decluttered spaces — can make a meaningful difference when dozens of other condos are vying for attention.
Detached Houses: Space, Equity and Life Stage
Detached houses account for 1,024 of the homes listed in the last month — just under three in ten new listings. The median asking price is $1,899,000, lower than the overall median of $2,079,000 for all detached homes on the market.
That gap suggests a mix of motives. Some sellers are families who bought years ago, built equity and are now moving to a larger home or a different municipality. Others are retirees who want to downsize, reduce property tax and maintenance, and redirect the proceeds into retirement income or a smaller home closer to family.
Borrowing costs also play a role. The Bank of Canada's policy rate sat at 2.50 percent as of late October, down from its peak but still a factor for anyone carrying a mortgage or considering a move that requires new financing. For sellers who bought when rates were lower, the decision to list often hinges on whether the next home — and the next mortgage — pencils out.
Detached houses with four or more bedrooms carry a median ask of $1,999,000 across the region. That price point reflects both the size of the home and the land it sits on, particularly in municipalities like Vancouver, North Vancouver and Burnaby, where lot sizes are constrained and demand remains strong.
If you're selling a detached house, timing and presentation matter. Homes that show well — clean yards, updated kitchens, neutral interiors — tend to move faster, even in a market with 4,259 detached listings competing for attention. Understanding what similar homes in your area are asking, and how long they've been on the market, helps you set realistic expectations and avoid sitting unsold for months.
Townhouses: The Middle Ground
Townhouses make up the smallest share of new listings, with 474 first listed in the last month. The median asking price is $1,049,000, positioning them between condos and detached houses in both cost and lifestyle.
Townhouses attract buyers who want more space than a condo offers — often a small yard, a garage, multiple floors — but aren't ready for the price or upkeep of a detached home. Sellers tend to be young families moving up to a house with a larger yard, or older owners downsizing from a detached property but not quite ready for condo living.
The relatively small number of new townhouse listings reflects the fact that there are simply fewer of them built compared with condos or detached houses. That scarcity can work in a seller's favour, particularly in municipalities like Coquitlam, Richmond and Burnaby, where townhouse developments are popular with families and commuters.
If you're listing a townhouse, emphasize what makes it livable: the layout, the outdoor space, the strata fees and what they cover, and proximity to schools or transit. Buyers in this segment are often comparing your home directly with both condos and detached houses, so clarity on value and lifestyle matters.
What to Know Before You List
Understanding the current market — what's being listed, at what price, and in which municipalities — gives you a clearer picture of where your home fits and how to position it.
Vancouver leads the region with 1,258 homes first listed in the last month, followed by Burnaby with 414 and Richmond with 377. Coquitlam, North Vancouver, New Westminster, Maple Ridge and Delta each contribute smaller but meaningful shares of new inventory.
If you're planning to sell, start by looking at comparable homes in your area: what they're asking, how long they've been listed, and what condition they're in. A free home valuation from Renanza can give you a data-informed starting point, and a conversation with a local agent can help you refine your strategy based on what's actually moving.
Pricing matters. Homes listed under $500,000 account for 1,113 of the current inventory, while those asking $2,000,000 and up total 2,708. Where your home falls in that range — and how you present it — shapes how quickly it attracts serious buyers.
Finally, consider timing. Homes listed in the last month have spent a median of 50 days on the market for condos and townhouses, and 63 days for detached houses. If your home needs work, or if comparable listings are piling up in your neighbourhood, waiting a few weeks or making targeted improvements before you list can be the smarter move.
For more on the Greater Vancouver market, visit the Greater Vancouver market overview or browse current listings.
Sources
Renanza Realty — Analysis of active MLS® listings (CREA DDF®) — Greater Vancouver, as of November 2026 Bank of Canada — Target for the overnight rate (policy interest rate), as of October 2026 Bank of Canada — Conventional mortgage, 5-year posted rate (major chartered banks), as of October 2026
Data last checked: 2026-11-03
