Interest rates frozen: what it means for your renewal
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Market Snapshot: Metro Vancouver
March 31, 2026
For Sale Inventory:
18,923
New Listing:
7,772
Median Sale to List Ratio:
96.5%
Median Sale Price:
$914,500
Sold Properties:
2,608
% Sold Over Asking:
8.7%
Median Days on the Market:
19 days
The Takeaway
Metro Vancouver closed March with 18,923 homes for sale, only 2,608 sold, and a median price of $914,500. Plenty of choices, not enough buyers. Homes moved in 19 days and 8.7% still sold over asking, because Vancouver gonna Vancouver.
Metro Vancouver closed March with 18,923 homes for sale, only 2,608 sold, and a median price of $914,500. Plenty of choices, not enough buyers. Homes moved in 19 days and 8.7% still sold over asking, because Vancouver gonna Vancouver.
Property owners in designated BC taxable areas had until March 31 to declare. Missed it? Penalties apply. For 2026, rates jumped: Canadians now pay 1% (up from 0.5%), foreign owners pay 3% (up from 2%). Learn more about declaration requirements.
BC Budget Expanded Housing Tax Burden
Beyond speculation tax increases, BC’s budget adds 3.5% property tax deferment interest rates, PST on commercial real estate services (October), and higher school taxes on properties over $3M. See what changed in the BC budget. One win: purpose-built rentals with 4+ units now get exemptions, which could accelerate new rental buildings.
Bank of Canada Holding (Rates Frozen)
March 18 decision: overnight rate stays at 2.25%, prime rate stays at 4.45%. No relief for borrowers, but no spike either. Check the latest BoC decision if you’re planning a renewal. 5-year fixed rates hover around 4.09%.
Want to find the steepest price drops in BC? Head to list search on Zealty, sort by Price Change % (ascending), and filter Price Modification to Decrease. The biggest cuts float straight to the top.
Want to find the steepest price drops in BC? Head to list search on Zealty, sort by Price Change % (ascending), and filter Price Modification to Decrease. The biggest cuts float straight to the top.
This West Vancouver home has 10 bathrooms. We’re not sure what you’d do with 10 bathrooms either, but for $17.8M, you’ll have plenty of time to figure it out.
Hamidreza leads the editorial process behind Zealty’s content. He works directly with the team to shape everything from market reports to general real estate guides into clear, reliable, and decision-focused pieces.
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