Squamish Real Estate: Greater Vancouver's Flattest Market, and Where Prices Are Slipping (October 2026)

Squamish has the smallest one-year price drop of any area in Greater Vancouver: close to flat. The composite benchmark was $1,091,800 in September, down 0.1%. Every one of the other 19 areas in GVR's price index fell more, and the region as a whole is down 5.5%. Over ten years Squamish is up 77.5%, the biggest gain in the region.

That headline hides a split. Houses have slipped 5.3% in three months while condos jumped 8.9%, and sales are down on 2025 for everything except townhouses, which still outsell both houses and condos. Here's the data by type, 13 months of trend, sales, what's listed today on EstateBlock by neighbourhood, BC Assessment, how many residents actually commute to Vancouver, and how I'd use it.

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

Squamish prices by property type

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

The benchmark is the MLS® Home Price Index: GVR's estimate of what a typical home with a fixed set of features would sell for. It's steadier than a median, which matters in a market this small, where a month can have fewer than 10 house sales.

Read across the detached row and the year looks fine (−0.9%), but six months (−6.5%) shows the spring gains have been given back. Apartments are the reverse: down 6.4% over three years, but up 8.9% since June. Townhouses barely moved on any short horizon, and they have the best ten-year record of the three types (+96.0%).

The top of this chart is the Sea to Sky and the Coast: Squamish, then Whistler (−0.9%), Bowen Island and the Sunshine Coast. The bottom is the inner suburbs, with Port Coquitlam (−8.2%) and New Westminster (−8.2%). My guess: the areas that held up are likely ones where more buyers pay with equity from a sale in the city, or buy a second home, rather than stretching on a first mortgage. That's a reason the slowdown has reached them later, not a promise it won't.

What the same money buys: Squamish, North Vancouver, Whistler

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

A typical Squamish house is $427,400 cheaper than a North Vancouver one and $938,500 cheaper than Whistler's. It is not cheap next to the rest of the region, though: at $1,614,600, the Squamish detached benchmark is above Coquitlam ($1,584,400) and Tsawwassen ($1,508,500). Squamish townhouses ($1,010,200) cost about the same as the Greater Vancouver townhouse benchmark ($1,016,700). It's still below the Greater Vancouver detached benchmark ($1,784,700), but the real discount is against the North Shore.

Thirteen months of Squamish prices

Detached prices rose through the winter to a peak of $1,769,800 in February, then slid to $1,614,600 by September. Apartments did the opposite: they dropped to $491,900 in April, a 15% fall from September 2025, and have since climbed back to $593,600. Townhouses dipped to $980,200 in February and have hovered around $1,010,200 since.

With so few sales, a few deals in a new building or a couple of big houses can swing these lines, so I'd treat any single month as noise. The composite, which blends all three, has stayed between $1,076,500 and $1,122,200 for 13 months. That's the flattest market in the region.

Sales: townhouses hold steady

From January to September, 363 homes sold in Squamish against 432 in the same months of 2025 (−16.0%). Detached sales fell from 150 to 114 (−24.0%) and apartment sales from 127 to 94 (−26.0%). Townhouse sales were exactly flat at 155, more than houses or condos, as they were in 2025 too.

My read: for a family priced out of the North Shore, a Squamish townhouse at the $1,010,200 benchmark is often the realistic option, which is why that segment has kept its buyers while houses and condos lost them.

Source: Greater Vancouver REALTORS® monthly stats packages, September 2025 to September 2026 (figures as first published each month): Listing & Sales Activity Summary.

September had 126 new listings against 29 sales, and only 7 detached sales, the fewest since February. GVR doesn't publish a Squamish median sale price when a type has fewer than 20 sales in a month, which is most months here, so for a sense of real prices the benchmark is the better guide.

What's for sale in Squamish, by neighbourhood

This is EstateBlock's Squamish page on October 26, 2026: 278 homes for sale, a median asking price of $1,047,000 and 15 new listings in the past week. These are asking prices on active listings, not sale prices.

Source: EstateBlock.com Squamish live listing pages, snapshot taken October 26, 2026 (active listings, asking prices); comparison from the October 12, 2026 snapshot.

Over two weeks the median house ask fell from $1,875,000 to $1,799,000 and the median condo ask from $649,000 to $629,000, with slightly fewer listings of each. Townhouse listings have been up the shortest time: a median of 28 days listed, against 42 for condos and 48 for houses.

Rough supply math, mixing two sources: today's EstateBlock listings divided by GVR's average monthly Squamish sales from July to September give about 5.6 months of house supply, 5.0 months for townhouses and 8.8 months for condos. In GVR's terms, that's a sales-to-active ratio of roughly 18% for houses, 20% for townhouses and 11% for condos. GVR's rule of thumb is that prices face downward pressure when the ratio dips below 12 per cent for a sustained period and upward pressure above 20%. Treat mine as ballpark. On them, condos are the one buyer's market in town, even though their benchmark just rose; townhouses are at the tight end.

Source: EstateBlock.com Squamish live listing pages, snapshot taken October 26, 2026 (active listings, asking prices) (neighbourhood pages). Neighbourhood names are EstateBlock's. With single-digit counts, one listing moves a median, so read these as a rough map, not a price list.

Downtown Squamish holds 47 of the town's 91 condo listings, at a median ask of $599,800; 32% of downtown listings have had a price cut. If you want a condo, that's where the choice and the negotiating room are. Garibaldi Estates has the lowest median house ask of any neighbourhood ($1,299,000, 5 listed), and Brackendale, further north, is $1,715,950. Among neighbourhoods with at least four houses listed, the Plateau ($2,998,000) and University Highlands ($2,278,000) ask the most.

For townhouses, Downtown Squamish (11 listed), Tantalus (10) and Valleycliffe (8) have the most choice right now, at median asks of $999,000, $1,188,500 and $989,450.

Flat benchmark or not, sellers here are adjusting: 80 Squamish listings (29%) have had a price cut, averaging 7.1%. That's a higher share than North Vancouver (19%), Vancouver (20%) or Burnaby (26%); of the 20 cities with price-cut data in EstateBlock's daily snapshot, only Chilliwack (35%), Maple Ridge (32%) and New Westminster (31%) have a higher share. Asking prices came in high and are being walked down to where buyers are.

BC Assessment and who actually commutes

Source: BC Assessment, 2026 Lower Mainland assessment release.

Squamish was one of the few places where the 2026 assessment roll went up: the typical single-family home rose 2% to $1,515,000, and the typical strata home 2% to $848,000. The roll uses July 1, 2025 values. January 2027's notices will reflect July 1, 2026 values, and in July 2026 GVR had the Squamish detached benchmark down 3.6% on a year earlier, so my read is that house assessments will come in flat to lower. More in my BC Assessment post.

The common picture of Squamish is a commuter town for Vancouver. The 2021 Census says otherwise: of 7,510 Squamish residents with a usual place of work, 65.1% worked in Squamish, 17.1% anywhere in Metro Vancouver, and just 4.9% in the City of Vancouver (Statistics Canada, 2021 Census, commuting flows (table 98-10-0459)). That count excludes people who worked from home, which was a lot of people in May 2021, so the remote workers who moved here aren't in it. Still, most Squamish buyers aren't doing the Sea to Sky every morning. More in who commutes into Vancouver.

What I'd do with this

None of this is a forecast. For named forecasts, see my 2027 predictions post. Down the highway: North Vancouver real estate and West Vancouver real estate; for the region, the Greater Vancouver market update; for townhouses everywhere, Vancouver townhouse prices.