We’ve all heard that Metro Vancouver real estate prices have fallen across the board, and have been sliding since the spring 2022 post-pandemic peak. Four years on, the market has cooled across every home type, offering many buyers an opportunity that they didn’t have back then.
So, what does this actually feel like for buyers today, in terms of what you can now get for your hard-earned dollar compared with 2022?
Across the region’s 21 municipalities, the median detached home sale price in April 2026 was $1,600,000, down 15.8% from April 2022. Townhouses are at $868,000, down 13.2%, while condos are at $620,000, down 10.8%.
To show what those price declines truly feel like to buyers on the ground, we picked three price points ($2 million for a detached home, $900,000 for a townhouse, $600,000 for a condo) and pulled real April 2022 and April 2026 sales at each band to take a closer look at how the homes compare.
For each home type we examined two things: what your money gets you now compared with what the same money bought at the spring 2022 peak; and what today’s sample home would likely have cost you four years ago (i.e. what you’re saving from the peak). The results may surprise you!
Detached: What $2M buys you now
Metro Vancouver’s median detached price has fallen 15.8% since April 2022. Two real, fairly typical “Vancouver Special” home sales at around the $2 million mark show what that means for buyers.
2026 detached house: Just last month in April 2026, $2,010,000 bought 6372 Elgin Street in East Vancouver. The six-bed, four-bath home is 3,048 square feet and built in 1987. It had failed to sell at $2.39M in 2025; the seller relisted at $2.15M in March this year and accepted under ask after 28 days.
Details: $2,010,000 | 6 bed, 4 bath | 3,048 sqft | Built: 1987 | Sold: April 8, 2026
2022 detached house: Four years earlier, $1,978,000 was paid for 6702 Doman Street, also in East Vancouver. The five-bed, three-bath home was 2,608 square feet and built in 1982, and it needed more work than our first example. It listed at $1.88M and sold $98,000 over ask in 39 days.
Details: $1,978,000 | 5 bed, 3 bath | 2,608 sqft | Built: 1982 | Sold: April 29, 2022
What this means: For almost the same money in 2026, today’s buyer gets one more bedroom, 440 extra square feet, and a more updated home.
What you’re saving versus 2022: A fairly close April 2022 comparable to our 2026 sale, 7178 Culloden Street (a bit smaller at 2,756 square feet, a bit newer as a 1995 build), sold for $2,250,000. Which shows that buying a similar home today, such as Elgin Street, saves around $240,000. In fact, the typical (median) saving is $300,000 when looking at all detached sales in April 2026 ($1.6M) versus April 2022 ($1.9M) .
Townhouse: What $900K buys you now
Townhouses have softened slightly less than detached, with the regional median down 13.2%, but you can still get a lot more for your money than four years ago. The two sample townhouses we chose to demonstrate this are both in New Westminster, both move-in ready, and they sold within $5,000 of each other.
2026 townhouse: In April 2026, $905,000 bought 9-100 Wood Street: a riverfront townhouse with three bedrooms, three bathrooms, 1,554 square feet, built in 2014. The seller listed at $953,800 and accepted $48,800 under ask after three listing attempts.
Details: $905,000 | 3 bed, 3 bath | 1,554 sqft | Built: 2014 | Sold: April 21, 2026
2022 townhouse: Four years earlier, $910,000 was paid for 30-1010 Ewen Avenue: also three-bed, three-bath, but 1,313 square feet and built in 2004. It was listed at $899,000 and sold over ask in 50 days.
Details: $910,000 | 3 bed, 3 bath | 1,313 sqft | Built: 2004 | Sold: April 5, 2022
What this means: For the same money in 2026, today’s buyer gets 241 more square feet and a townhouse a decade newer with gorgeous finishes and river views.
What you’re saving versus 2022: A 2022 sale on the same riverfront street as our 2026 example, 28-188 Wood Street (nearly identical at 1,552 sqft, built 2017), went for $1,149,000. Which shows that buying that a very similar home in April 2026 can cost $244,000 less than in April 2022, a 21% saving. That said, the typical (median) saving when comparing all townhome sales across each period is $132K.
Condo: What $600K buys you now
Condos have been the most resilient at the median, with the regional median down 10.8% to $620,000. What that headline number misses is that Metro Vancouver condo sales volume fell 42% over the same window.
The clearest example the price-per-dollar shift comes from a single Vancouver building, 5665 Boundary Road, where two units sold four years apart.
2026 condo: In April 2026, $615,000 was paid for unit 519: a two-bed, one-bath, 744-square-foot apartment in this 2016-built tower. It sold at its $615,000 ask in 28 days.
Details: $615,000 | 2 bed, 1 bath | 744 sqft | Built: 2016 | Sold: April 20, 2026
2022 condo: In April 2022, $608,000 (just $7,000 less) bought unit 3204 in the same building: one bed, one bath, only 512 square feet, but much higher up in the building. It was listed at $568,000 and sold $40,000 over ask in 17 days.
Details: $608,000 | 1 bed, 1 bath | 512 sqft | Built: 2016 | Sold: April 14, 2022
What this means: For the same money in 2026, today’s buyer in the exact same building gets an extra bedroom and 232 additional square feet (although not such epic views), with both units in the same fairly new condition.
What you’re saving versus 2022: A spring 2022 sale in the same building, closer in size to our 2026 sample, (678 sqft, 2-bed/1-bath) but with more updated finishes, unit 1802 sold for $790,000. That puts our 2026 unit at $175,000 less for a slightly larger floor plan in the same building, albeit with less fancy decor. It’s worth noting that overall, the median saving on Metro Vancouver condos in April 2026 vs April 2022 is $75,000, when looking at all condo sales in both months.
“To buy a home in 2022 you needed a blindfold, a bidding war budget, and a prayer – and then we watched rates climb from 2.5% to nearly 6% in the same year. Today in Metro Vancouver and the Fraser Valley, prices are down roughly 10-15% from their peak, five-year fixed rates are sitting around 4%, and you actually get to sleep on a home before deciding. The market is still complicated, but for buyers right now, complicated looks a lot like opportunity.”
Jeremy Bator, leading HouseSigma agent in the Lower Mainland
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