North Vancouver Real Estate: Prices Down 3.9%, the Smallest Drop in the Core (October 2026)

North Vancouver's benchmark home price is $1,290,400, down 3.9% from a year ago. That's a real drop, but it's the smallest of any large urban area Greater Vancouver REALTORS® (GVR) tracks, from Vancouver and Burnaby to Richmond, New Westminster and the Tri-Cities. Greater Vancouver as a whole is down 5.5%, and West Vancouver, next door, is down 7.4%.

The weak spot is condo sales, not condo prices. Only 42 North Vancouver apartments sold in September, against 80 a year earlier, and just 16% of the condos that came on the market that month found a buyer. The apartment benchmark has barely moved: $769,000, down 3.2%.

Below: GVR's North Vancouver numbers by property type, how the North Shore compares with the rest of the region, 13 months of prices and sales, what BC Assessment says, and what's listed right now on EstateBlock in Lonsdale, Lynn Valley, Lynnmour and Deep Cove.

Benchmarks: Greater Vancouver REALTORS®, September 2026 stats package, MLS® Home Price Index. Listings: EstateBlock, October 18, 2026 (asking prices of active listings).

North Vancouver prices by property type

GVR reports North Vancouver as a single area: the City of North Vancouver around Lonsdale plus the District, from Edgemont and Lynn Valley out to Deep Cove. The benchmark is the MLS® Home Price Index, an estimate of what a typical home sold for. It's steadier than a median because it doesn't jump around with whichever homes happened to sell that month.

Source: Greater Vancouver REALTORS®, September 2026 stats package, MLS® Home Price Index tables.

Houses are doing the falling. The detached benchmark is down 6.2% in a year and 2.2% in September alone, the biggest one-month drop of the three types. Townhouses are down 4.9%. Apartments are down 3.2%, and over three years they're down only 4.6%, against 11.1% for Greater Vancouver apartments. That's the smallest three-year apartment decline of any GVR area.

The 10-year column tells you who has done well owning here. A North Vancouver apartment benchmark is up 47.6% in ten years and a townhouse 43.2%. A detached house is up 18.7%, which is still four times Greater Vancouver's 4.5% for houses. Over the same ten years the West Vancouver detached benchmark is down 21.9%.

How North Vancouver compares

Of GVR's 20 areas, 5 fell less than North Vancouver over the year: Squamish, Whistler, Bowen Island, Sunshine Coast and Pitt Meadows. Those are resort, island or much smaller markets. Among the big urban areas, North Vancouver is the best performer, ahead of Vancouver East (−5.0%) and Vancouver West (−5.3%).

Source: Greater Vancouver REALTORS®, September 2026 stats package, MLS® Home Price Index tables. GVR does not publish a West Vancouver townhouse benchmark.

Two things stand out. First, a North Vancouver house benchmark ($2,042,000) is now $780,900 cheaper than West Vancouver's and $874,100 cheaper than Vancouver West's, but $411,500 more than East Vancouver's. Second, North Vancouver apartments ($769,000) now cost slightly more than Vancouver West apartments ($761,800) on the benchmark. A year ago it was the other way round ($790,500 vs $804,200 in GVR's September 2025 release), because west-side condos have fallen harder.

Thirteen months of North Vancouver prices

The detached benchmark slid from $2,172,000 in GVR's September 2025 release to $2,031,700 by February, recovered to $2,129,900 in April, and has drifted down since, ending September at $2,042,000. September alone took $46,400 off, and GVR puts the monthly change at −2.2%. On GVR's own monthly change, the only bigger drop in this stretch was last December's (−2.9%).

The apartment line is close to flat: between $768,700 and $792,100 for the whole 13 months. Townhouses have had a slower slide, from $1,297,900 to $1,230,400 on first-published figures. GVR revises earlier months, so its own one-year changes (−4.9% for townhouses, −3.2% for apartments) differ a little from what these first-published numbers imply.

Sales: the condo market went quiet

Through September, 623 apartments have sold in North Vancouver, 97 fewer than by this point in 2025 (−13.5%). Detached sales are down 5.0% (508 vs 535), and townhouse and other attached sales are essentially flat (310 vs 306).

The spring was decent: 101 apartment sales in May and 86 detached sales in June. September is where it fell off for condos. 42 apartment sales is the lowest count since January's 37, and 48% below September 2025. Detached sales went the other way, up to 59 from 49 a year earlier, while house prices came down.

Source: Greater Vancouver REALTORS®, September 2026 stats package, MLS® Sales Facts. Medians move with the mix of homes that sold; the benchmark is the better guide to value.

The median detached sale was $2,075,000 in September, almost the same as a year ago. The attached median rose 8% on just 25 sales, which says more about which townhouses sold than about the market. I'd never price a North Van townhouse off one month's median.

How much is for sale

For a rough supply gauge, I divided the homes listed on EstateBlock on October 18 by GVR's September sales for North Vancouver. It mixes two sources and two dates, so read it as a ballpark, not a statistic.

Sources: EstateBlock.com live listings, snapshot taken October 18, 2026 (active listings, asking prices); Greater Vancouver REALTORS®, September 2026 stats package, MLS® Sales Facts and Listings Facts. Months of supply calculated by EstateBlock.

About 5 months of houses and 6 of townhouses at September's pace, which is a balanced-to-soft market. Condos are at roughly 11 months. In September 2025, 29% of new condo listings sold that month; this September it was 16%. For context, GVR's region-wide sales-to-active-listings ratio in September was 9.7% for detached and 11.4% for apartments, and GVR says prices tend to come under downward pressure when that ratio stays below 12%.

So why haven't condo prices dropped more? My read: North Van condo sellers mostly aren't forced sellers, and they're waiting. That works until enough of them need to move. If October and November sales stay this low, that's the risk I'd watch for the apartment benchmark.

BC Assessment vs today's asking prices

Source: BC Assessment, Lower Mainland 2026 Property Assessments Announced. Typical assessed values; 2026 values are as of July 1, 2025, 2025 values as of July 1, 2024. "Strata" covers condos and townhouses.

Your 2026 assessment is BC Assessment's estimate of market value on July 1, 2025. Typical values in North Vancouver dipped 2% to 3% that year, in both the City and the District. Prices have kept sliding since, so a lot of North Van sellers are now asking less than their assessment. EstateBlock flags 565 of the 1,013 North Vancouver listings (56%) as asking below their BC Assessment value.

That number is for sellers more than buyers. An assessment isn't an appraisal, and a buyer won't pay it just because it's on the notice. If you're pricing a North Van home this fall, the comparable sales from the last 60 to 90 days matter more than the July 2025 assessment. The next notices, in January 2027, should reflect values as of July 1, 2026.

What's for sale in North Vancouver right now

This is EstateBlock's North Vancouver page on October 18, 2026. These are asking prices on active listings, not sale prices.

Source: EstateBlock.com live listings, snapshot taken October 18, 2026 (active listings, asking prices).

The median North Van house is asking $2,258,333, against a $2,075,000 median detached sale in September and a $2,042,000 benchmark. Over the last eight days of EstateBlock snapshots the median house ask slipped from $2,298,000 (October 10) to $2,258,333. Condos ask a median $799,000, about $62,000 above September's median condo sale.

Active listings here have also been up for fewer days than in the City of Vancouver: a median 35 days on EstateBlock for houses and 31 for condos, against 70 and 37 in the City of Vancouver. And fewer sellers have had to cut. 18% of North Van listings have a price cut (average 5.4%), against 20% in Vancouver and 25% in Burnaby.

Source: EstateBlock.com neighbourhood pages, October 18, 2026 (active listings, asking prices).

Lower Lonsdale, around Lonsdale Quay and the SeaBus, has the most condos for sale (127) at a $789,000 median ask. Central Lonsdale is the most expensive per square foot at $1,025. Lynn Valley and Lynnmour ask more per unit ($859,450 and $848,000). In Lynn Valley that looks like bigger units, since its asking price per square foot ($978) is below both Lonsdales; Lynnmour asks more per square foot as well. The cheapest entry point on this list is Pemberton NV, at a $586,000 median on 48 listings.

Upper Lonsdale has the most houses listed of these areas (41) at a $2,399,000 median ask, and Lynn Valley has 37 at $2,275,000. Both have a median of 32 days listed, which is quick for this market. Forest Hills, up by Edgemont, is the luxury pocket: 11 houses at a $3,498,000 median, sitting a median 93 days. Deep Cove has 11 houses listed. With samples this small, one listing can move a median a lot, so treat these as a snapshot of what's on offer, not as values.

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