February 2026 Vancouver Market Data
Most headlines about Vancouver real estate tell one story: a slow market, cautious buyers, elevated inventory. And at the city-wide level, that story is largely accurate. But city-wide data masks what is actually happening on the ground, neighbourhood by neighbourhood, property type by property type.
The February 2026 GVR data tells a more nuanced story. Across Vancouver East and Vancouver West, 32 out of 104 neighbourhood and property type combinations are currently in seller’s market territory. That is roughly one in three pockets of the city where buyer demand is strong enough to put sellers in a position of leverage.
How We Measure It: The Sales-to-Active Listing Ratio
The Sales-to-Active Listing Ratio (SALR) is the measure used by the Greater Vancouver Realtors to determine market conditions. It is calculated by dividing the number of sales in a given month by the number of active listings, expressed as a percentage.
The thresholds are straightforward. An SALR above 20% indicates a seller’s market, where demand exceeds supply and sellers tend to do very well if their property is priced well. Plus, sellers could be in a better negotiating position depending on what they are selling. An SALR between 12% and 20% indicates a balanced market. Below 12% is a buyer’s market, where supply outpaces demand and buyers typically have more room to negotiate if they find a seller with strong motivation.
Where Demand Is Strongest Right Now
The highest-volume seller’s market pocket in February was Mount Pleasant VE condos, with 86 active listings, 33 sales, and an SALR of 38.4%. That is nearly double the seller’s market threshold, and the volume of transactions makes it a statistically reliable signal rather than a small-sample anomaly.
Other notable seller’s market pockets this month include:
- Fairview VW Townhomes: 38.9% SALR
- Fraser VE Condos: 38.5% SALR
- Cambie Condos: 28.1% SALR
- Grandview Woodland Condos: 25.0% SALR
- Strathcona Condos: 25.0% SALR
- Kitsilano Condos: 23.9% SALR
What This Means If You Are Thinking About Selling
City-wide conditions matter, but your specific neighbourhood and property type matter more. A condo seller in Mount Pleasant VE is operating in a very different market than a detached homeowner in Shaughnessy. Pricing strategy, positioning, and timing should all reflect the conditions specific to your property, not the headline number.
If your property sits in one of these seller’s market pockets, the window to take advantage of that demand is now. Conditions shift month to month, and the broader market uncertainty means that pockets of strength are not guaranteed to hold.
If you want to know exactly where your property sits in the February data, reach out. I track this every month at the neighbourhood and property type level, and I can give you a precise read on your market position.
Please reach out to Mike Rampf or Glenn Feldstein
Mike Rampf
Phone Number: 604.616.0115
Email: Mike@thenextdoor.ca
Glenn Feldstein
Phone Number: 604.782.7545
Email: Glenn@thenextdoor.ca