One number stands out in the February data more than any other: 794. That is the total number of homes for sale across all property types in North Vancouver at the end of February 2026 — a figure that sits roughly 43% above the 10 year seasonal average. Detached homes account for 292 of those listings. Condos make up 348. Townhomes come in at 123. For context, this time last year North Vancouver had closer to 620 active listings. The year before that, closer to 550. The shift in available inventory has been steady and significant.
What is driving the increase? It is not a sudden rush of distressed sellers. New listings in February were actually up only modestly year over year, and in the condo segment they were actually down. The real driver is absorption — or rather, the lack of it.
With sales running well below historical averages, listings are accumulating because properties are simply taking longer to sell. This creates a meaningful advantage for buyers, particularly in the detached and condo segments where the supply imbalance is most pronounced. Buyers today can view multiple properties, compare thoroughly, and negotiate from a position of strength that simply did not exist during the supply constrained years of 2021 and 2022.
For sellers, the implications are equally clear. Pricing discipline matters more now than it has in years. With more competition on the shelf, the homes that sell are the ones that are priced accurately for today's conditions — not last year's expectations — and presented to a professional standard. The data shows that well priced homes are still trading within reasonable timelines, while overpriced listings are sitting and accumulating days on market.
The townhome segment remains the tightest, with just 123 active listings across all of North Vancouver. That limited supply, combined with strong demand from families and downsizers, explains why townhomes have maintained the healthiest sales to active ratio of any property type on the North Shore. As spring inventory continues to arrive through March and April, buyers will have even more choice. But sellers who are well positioned and well priced can still expect to see serious, motivated interest — particularly in neighbourhoods with strong school catchments and walkable amenity access.
Whether you are buying or selling, understanding your specific neighbourhood's inventory dynamics makes a real difference.
Reach out to our team for a no obligation conversation about your situation.
Scott Wallace
604-377-4551
scott@wallacegreen.ca
Source: Greater Vancouver REALTORS® February 2026 REALTOR® Report