Metro Vancouver's housing market shows a nearly 30% drop in home sales, with inventory 38% above seasonal norms, favoring buyers. Home prices declined year-over-year: detached homes by 6.9%, townhouses by 5.4%, condos by 5.9%, and overall by 5.7%. Sales-to-new-listings ratio at 21% indicates a buyer's market. Rental prices also fell. Market conditions suggest continued price softness and subdued sales through 2026.