Vancouver, Richmond & Tsawwassen Real Estate Market Report: September 2026
September lived up to its reputation as one of the busiest months of the real estate calendar. New listings across all home types jumped 53% from August to reach 2,685 — a meaningful surge after a quieter summer, though still about 10% below where we were in September 2025. The combination of more choice for buyers and benchmark prices that moved only modestly in either direction made for a market that felt a little more balanced than it has in recent memory, even if the board's own data still tilts toward sellers in most categories.
New listings and inventory
| Property type | New listings | Active at month-end | Median asking | Asking $/sq ft |
|---|---|---|---|---|
| All homes | 2,685 (-10%) | 6,804 | $1.27M | $944 |
| Detached | 683 (-5%) | 2,053 | $2.5M | $882 |
| Townhouse | 668 (+2%) | 1,424 | $1.4M | $959 |
| Condo / apartment | 1,316 (-17%) | 3,233 | $749K | $965 |
New listings compared with the same month last year.
By area
| Area | New in September | Active | Median asking |
|---|---|---|---|
| Vancouver West | 1,158 | 2,892 | $1.39M |
| Richmond | 633 | 1,922 | $1.0M |
| Vancouver East | 786 | 1,694 | $1.38M |
| Tsawwassen | 108 | 296 | $1.25M |
| East Richmond | 9 | 26 | $2.77M |
The September rebound in new listings was broad-based. Townhouses led the way, with 668 new listings — up 78% from August and the only property type to come in slightly ahead of last September. Detached homes followed closely, up 55% from August, while condos and apartments added 1,316 new listings, up 43% from the month prior. At month-end, total active inventory across the region sat at 6,804 homes, with condos accounting for the largest share at 3,233 active listings.
By area, Vancouver West carried the highest active count at 2,892 listings, followed by Richmond at 1,922 and Vancouver East at 1,694. Tsawwassen remained compact with 296 active listings and a median asking price of $1.25M, while East Richmond had just 26 active listings and a median asking price of $2.77M, reflecting its distinct character as a small, estate-style pocket of the market.
See what's on the market now: browse current listings in Vancouver, Richmond & Tsawwassen, or check the live market snapshot, which updates every day.
Sales and benchmark prices
Vancouver West
| Property type | Sales | Benchmark price |
|---|---|---|
| All homes | — | $1.21M |
| Detached | 47 (-31%) | $2.92M |
| Townhouse | 45 (-20%) | $1.3M |
| Condo / apartment | 214 (-5%) | $762K |
Source: Greater Vancouver REALTORS®, monthly statistics package. Sales change is month over month.
Vancouver East
| Property type | Sales | Benchmark price |
|---|---|---|
| All homes | — | $1.12M |
| Detached | 65 (-6%) | $1.63M |
| Townhouse | 57 (+8%) | $980K |
| Condo / apartment | 61 (-26%) | $635K |
Source: Greater Vancouver REALTORS®, monthly statistics package. Sales change is month over month.
Richmond
| Property type | Sales | Benchmark price |
|---|---|---|
| All homes | — | $1.02M |
| Detached | 65 (+35%) | $1.87M |
| Townhouse | 48 (-23%) | $1.02M |
| Condo / apartment | 110 (-1%) | $636K |
Source: Greater Vancouver REALTORS®, monthly statistics package. Sales change is month over month.
Tsawwassen
| Property type | Benchmark price |
|---|---|
| All homes | $1.11M |
| Detached | $1.51M |
| Townhouse | $886K |
| Condo / apartment | $556K |
Source: Greater Vancouver REALTORS®, monthly statistics package. Sales change is month over month.
Despite the influx of new supply, the sales-to-active-listings ratios published by Greater Vancouver REALTORS® tell a consistent story: sellers still hold the upper hand in most segments. Richmond condos registered the tightest reading at 40%, well into seller's market territory, and Richmond detached homes came in at 35% — notably, detached sales in Richmond rose 35% from August to reach 65 sales. Vancouver West and Vancouver East each showed ratios in the low-to-mid twenties across most property types, all of which the board classifies as seller's market conditions.
Benchmark prices were more mixed. Vancouver East's overall benchmark edged up 0.8% from August to $1.12M, and Tsawwassen's overall benchmark rose 1% to $1.11M, with detached homes there climbing 2.9%. On the other side, Richmond's detached benchmark dipped 2.8% to $1.87M, and Vancouver West townhouses slipped 2.7% to $1.3M. These are the board's published benchmark figures, which track the price of a typical home rather than any individual sale.
What it means for you
For buyers, September's listing surge is genuinely good news. More choice means more time to think and less pressure to act out of fear that nothing else will come along. That said, the sales-to-active ratios across most of the region still favour sellers, so well-priced homes in desirable pockets are not sitting long. If you've been waiting on the sidelines for inventory to build, this is a reasonable moment to look more actively.
For sellers, the data suggests that pricing with care matters more than ever. Benchmark prices moved in different directions depending on property type and neighbourhood — sometimes up, sometimes down — within a single month. Buyers now have enough options that an overpriced listing will be passed over quickly. Homes that are priced realistically and presented well are still finding buyers in what the board continues to classify as a seller's market across most segments.
Want to know what this means for your home or your search? Get in touch and I'll walk you through it.
Listing figures are from the MLS® System, active listings as of October 8, 2026, for Vancouver, Richmond & Tsawwassen. Sales and benchmark prices are the board's published figures. Not intended to solicit properties already listed for sale.