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Is the Vancouver real estate market finally cooling down for good? In this February 2026 market update, we dive into the latest data from the Greater Vancouver REALTORS® (GVR) and discuss why experts are calling this shift the "New Normal." With sales hitting historic lows and inventory surging to an 11-month supply, Metro Vancouver has officially entered a firm buyer’s market. Whether you're looking at detached homes, townhouses, or condos in Burnaby, North Vancouver, or Tsawwassen, the rules of the game have changed. In this video, we cover: ✅ Market Statistics: Why January 2026 sales are 31% below the 10-year average. ✅ Inventory Surge: How a 38% increase in listings has given buyers ultimate leverage. ✅ Price Drops by Property Type: Detailed breakdown of price corrections for detached houses, townhomes, and condos. ✅ The Rental Market Shift: Why rents are dropping by up to 8% in cities like Burnaby. ✅ Bank of Canada Update: The impact of steady interest rates on affordability. ✅ 4 New Rules for 2026: Essential strategies for sellers and buyers to navigate this volatility. The Vancouver housing market is no longer about "flipping and winning"—it's about data-driven strategy and long-term horizons. If you are thinking about buying or selling in British Columbia this year, you can't afford to miss these stats. 📍 Regions Covered: Vancouver (Metro) North Vancouver Burnaby Tsawwassen Greater Vancouver Area Connect with Blake Chancey: Interested in a personalized market evaluation or looking to buy in the current climate? Reach out today! 0:00 - Greater Vancouver Real Estate Market Enters a New Normal in 2026 0:28 - January 2026 Vancouver Home Sales Down 28.7% Year Over Year 0:46 - Second Weakest January in a Decade for Greater Vancouver Real Estate 1:18 - Active Listings Surge to 12,500 Across Metro Vancouver 1:49 - Sales Down, Inventory Up: Clear Buyer’s Market Conditions 2:07 - 11 Months of Inventory in Vancouver Housing Market 2:30 - Tsawwassen Detached Home Inventory vs Sales Reality Check 2:45 - Comparing 2026 Inventory to 2019 Market Levels 2:53 - Vancouver Detached Benchmark Prices Down $150,000 Year Over Year 3:37 - Townhouse Prices in Greater Vancouver Drop $100,000 4:20 - Vancouver Condo Prices Stagnant Since 2018 4:59 - January 2026 vs January 2025: Price Declines Across All Property Types 5:27 - Vancouver and Burnaby Rental Rates Down 7% to 8% 6:02 - Bank of Canada Rate Hold and Impact on BC Real Estate 6:49 - New Rules for Sellers in Metro Vancouver 7:06 - Buyer Leverage Returns: Conditions, Negotiation, Patience 7:31 - Why Time Horizon Matters in the 2026 Vancouver Market 8:08 - Data Over Emotion in Greater Vancouver Real Estate Decisions 8:36 - High Inventory, Soft Rents, Stable Rates: The 2026 Market Formula 8:46 - Homes Taking 4 to 6 Months to Sell in Vancouver 8:58 - Strategy Shift for Buyers and Sellers in Greater Vancouver 9:15 - Monthly Vancouver Market Updates and Local Real Estate Guidance